# USDA cuts corn, soybean crops

> USDA's November WASDE cut U.S. corn production 152 million bushels to 14.626 billion and lowered the corn yield to 178.9 bushels per acre, below analyst expectations. Soybean sales were weak on lower exports, while corn posted modest gains on tighter carryout.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/61984-usda-cuts-corn-soybean-crops
- 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

A smaller corn crop and tighter carryout support corn prices, while weak soybean export demand weighs on soybean and meal values for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-09-29 | [U.S. Corn, Soybean Stocks Drop, USDA Says](https://feedsoft.ai/events/68896-u-s-corn-soybean-stocks-drop-usda-says.md) | +3.1% | +2.4% |
| CORN | 2024-05-10 | [USDA Forecasts 14.86 BB Corn Crop, 4.45 BB Soybean Crop](https://feedsoft.ai/events/13186-usda-forecasts-14-86-bb-corn-crop-4-45-bb-soybean-crop.md) | +2.4% | +2.7% |
| CORN | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | +1.4% | -5.7% |
| CORN | 2023-03-01 | [Corn, soybean usage cuts overshadow smaller Argentine crops](https://feedsoft.ai/events/37263-corn-soybean-usage-cuts-overshadow-smaller-argentine-crops.md) | +2.0% | +1.4% |
| CORN | 2018-07-17 | [USDA crop progress: Corn and soybean condition drops again](https://feedsoft.ai/events/63867-usda-crop-progress-corn-and-soybean-condition-drops-again.md) | -0.7% | -0.1% |
| SOY | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -7.6% | -3.9% |
| SOY | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | -3.1% | -4.1% |
| SOY | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -8.7% | -2.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/usda-cuts-corn-soybean-crops

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