◂ Event Timeline

Feb 8, 2019REPORTUS

Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported

USDA's NASS Crop Production 2018 Summary reported a record 4.54 billion bushels of soybeans, up 3% from 2017, with yield up 5%. The 2018 corn crop was 14.4 billion bushels, down 1% from the record 2017 harvest, and cotton output fell 12%.

WHY IT MATTERS

A record soybean crop and a slightly smaller corn crop add to large US supplies, which weighs on feed and meal prices unless export demand absorbs the surplus.

AFFECTSSoybeans▼Corn▼Soybean Meal▼

SOURCE
nass.usda.govFeb 8, 2019

Price reaction & history

Soybeans▼bearishSO FAR1d +0.1%5d -1.1%20d -3.2%

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+3.9%
Jan 12, 2024USDA Releases January Crop Production, WASDE, Dec. 1 Grain Stocks and Winter Wheat Seedings Reports-1.5%
Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+6.7%
Mar 31, 2025USDA reports mixed grain stocks, with wheat up and corn down-4.5%
Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes-3.3%

Corn▼bearishSO FAR1d -0.4%5d +0.8%20d -2.1%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+1.7%
Jan 12, 2024USDA Releases January Crop Production, WASDE, Dec. 1 Grain Stocks and Winter Wheat Seedings Reports-0.9%
Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+0.1%
Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes+0.3%
Oct 12, 2018USDA raises corn, soybean and wheat ending stocks estimates | 2018-10-12 | World Grain+2.4%

Soybean Meal▼bearishSO FAR1d +0.2%5d 0.0%20d -2.1%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+7.1%
Jan 12, 2024USDA Releases January Crop Production, WASDE, Dec. 1 Grain Stocks and Winter Wheat Seedings Reports-0.1%
Sep 30, 2021Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes-4.5%
Aug 12, 2022USDA Lowers Corn Production, Increases Soybean Production in August Reports-10.9%
Aug 10, 2017USDA Forecasts Record-High Soybean Production in 2017-3.9%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybeans SOY · GP ▸

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Corn CORN · GP ▸

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