# After the Bell | August 11, 2023 - Pro Farmer

> On August 11, 2023, USDA's August reports were released, with December corn settling down 9 cents and November soybeans down 10.75 cents. Wheat hit multi-week lows, with HRW reaching a nine-week low. Cotton rallied to a near one-year high after the reports.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5614-after-the-bell-august-11-2023-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

USDA's August estimates cut US crop expectations, but the market largely judged them neutral, so grain prices ended lower. Wheat weakness reflected the broader selling pressure.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-29 | [US hog farmers rebound from 2023 losses - AFBF
						 \| The Pig Site](https://feedsoft.ai/events/28942-us-hog-farmers-rebound-from-2023-losses-afbf-the-pig-site.md) | +5.8% | +7.8% |
| CORN | 2019-04-08 | [Iowa’s 2018 yields beat the odds \| Farm Progress](https://feedsoft.ai/events/59442-iowa-s-2018-yields-beat-the-odds-farm-progress.md) | -1.1% | -2.2% |
| CORN | 2025-11-10 | [Quarterly Corn Update - Pro Farmer](https://feedsoft.ai/events/21974-quarterly-corn-update-pro-farmer.md) | +1.4% | +3.6% |
| CORN | 2022-09-01 | [USDA: Farm Sector Profits Forecast to Remain Above Average in 2022 - Pro Farmer](https://feedsoft.ai/events/39590-usda-farm-sector-profits-forecast-to-remain-above-average-in-2022-pro-farmer.md) | -1.8% | -2.9% |
| CORN | 2021-08-01 | [Grain Transportation Report, August 19, 2021](https://feedsoft.ai/events/45462-grain-transportation-report-august-19-2021.md) | +1.0% | +0.7% |
| SOY | 2019-04-08 | [Iowa’s 2018 yields beat the odds \| Farm Progress](https://feedsoft.ai/events/59442-iowa-s-2018-yields-beat-the-odds-farm-progress.md) | -0.4% | -9.1% |
| SOY | 2026-03-10 | [Key takeaways from the March WASDE report - Pro Farmer](https://feedsoft.ai/events/20103-key-takeaways-from-the-march-wasde-report-pro-farmer.md) | -2.1% | -1.9% |
| SOY | 2022-09-01 | [USDA: Farm Sector Profits Forecast to Remain Above Average in 2022 - Pro Farmer](https://feedsoft.ai/events/39590-usda-farm-sector-profits-forecast-to-remain-above-average-in-2022-pro-farmer.md) | -2.5% | -6.4% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-august-11-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.