# USDA Reports Summary

> DTN reports that USDA raised its corn production estimate to 13.9 billion bushels and average yield by more than 3 bushels to 169.5 bushels per acre. The soybean forecast of 3.68 billion bushels is down 19% from last year, based on 76.7 million planted acres and a 48.5 bushel yield.

- Date: 2019-08-09 · published 2019-08-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/57549-usda-reports-summary
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher corn production and bearish US ending stocks pressure corn prices, while the sharp soybean crop decline is a supportive factor for soybean and meal values.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-08-14 | 5 | -7.6% | -3.3 | Summary of USDA raising corn production to 13.9 bn bu and yield to 169.5 supports the bearish supply revision. |
| CORN | 2019-08-11 | 1 | -3.7% | -3.3 | USDA raised its corn production and yield estimates, which is a bearish supply shock. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-09 | [USDA Reports Summary](https://feedsoft.ai/events/38188-usda-reports-summary.md) | +1.9% | +2.9% |
| CORN | 2019-03-08 | [USDA Reports Summary - ProAg](https://feedsoft.ai/events/60034-usda-reports-summary-proag.md) | +0.8% | +0.8% |
| CORN | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | +1.9% | -1.0% |
| CORN | 2018-09-12 | [USDA Reports Update](https://feedsoft.ai/events/62875-usda-reports-update.md) | -2.5% | -0.1% |
| CORN | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | +0.5% | +0.6% |
| SOY | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | -3.4% | -10.4% |
| SOY | 2021-05-12 | [USDA Reports Summary](https://feedsoft.ai/events/47039-usda-reports-summary.md) | -3.9% | -4.6% |
| SOY | 2019-03-08 | [USDA Reports Summary - ProAg](https://feedsoft.ai/events/60034-usda-reports-summary-proag.md) | -0.1% | +1.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/08/09/potentially-explosive-report?referrer=twitter

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