# USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News

> USDA's November report cut its 2018 U.S. corn yield to 178.9 bushels per acre and soybean yield to 52.1 bushels per acre, both lower than October. Corn output was put at 14.626 billion bushels and soybeans at 4.599 billion, though both remain at or near record levels.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The reduction was larger than analysts expected, tightening feed grain and soybean supplies and supporting corn, soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-12-12 | [USDA lowers corn ending stocks estimate - Brownfield Ag News](https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news.md) | +1.9% | +2.2% |
| CORN | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | +0.8% | -2.1% |
| CORN | 2017-05-10 | [USDA lowers old crop corn, soybean stocks on good demand - Brownfield Ag News](https://feedsoft.ai/events/70887-usda-lowers-old-crop-corn-soybean-stocks-on-good-demand-brownfield-ag-news.md) | +0.3% | +2.4% |
| CORN | 2020-01-07 | [2019 USDA corn, soybean crop totals out Friday - Brownfield Ag News](https://feedsoft.ai/events/54933-2019-usda-corn-soybean-crop-totals-out-friday-brownfield-ag-news.md) | +0.9% | -1.1% |
| CORN | 2021-01-12 | [USDA: corn, soybean production up in 2020 - Brownfield Ag News](https://feedsoft.ai/events/49002-usda-corn-soybean-production-up-in-2020-brownfield-ag-news.md) | +5.8% | +11.6% |
| SOY | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.1% | -3.2% |
| SOY | 2017-05-10 | [USDA lowers old crop corn, soybean stocks on good demand - Brownfield Ag News](https://feedsoft.ai/events/70887-usda-lowers-old-crop-corn-soybean-stocks-on-good-demand-brownfield-ag-news.md) | +1.1% | -3.6% |
| SOY | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +3.2% | +2.4% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-lowers-2018-corn-soybean-crop-estimates/

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