# US sees slide in corn, soybean estimates for October | 2018-11-09  | MEAT+POULTRY

> The USDA's November 8 Crop Production report put 2018 U.S. corn output at 14.626 billion bushels, down 1 percent from October, and soybean output at a record 4.6 billion bushels, down 1.9 percent. Corn yield was forecast at a record 178.9 bushels per acre, and soybean yield at 52.1 bushels per acre.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/61985-us-sees-slide-in-corn-soybean-estimates-for-october-2018-11-09-meat-poultry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower corn output tightens supplies for feed users, supporting corn prices. The soybean crop cut is smaller than feared in relation to stocks, so pressure on soy complex is limited.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-02-24 | [USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017](https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017.md) | +1.5% | -1.7% |
| CORN | 2019-09-12 | [USDA lowers corn, soybean yield estimates \| 2019-09-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/10852-usda-lowers-corn-soybean-yield-estimates-2019-09-12-agri-pulse-communications.md) | +4.8% | +9.0% |
| CORN | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | -6.8% | -0.4% |
| CORN | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +1.7% | +1.8% |
| CORN | 2023-08-25 | [Pro Farmer releases 2023 national corn and soybean estimates - Pro Farmer](https://feedsoft.ai/events/13255-pro-farmer-releases-2023-national-corn-and-soybean-estimates-pro-farmer.md) | -2.2% | -9.0% |
| SOY | 2019-08-12 | [USDA trims corn, soybean acres off June estimates \| 2019-08-12 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/11741-usda-trims-corn-soybean-acres-off-june-estimates-2019-08-12-agri-pulse-agri.md) | -0.7% | -3.3% |
| SOY | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -4.9% |
| SOY | 2020-07-10 | [U.S. Corn, Soybean Yield Estimates Unchanged, USDA Reports](https://feedsoft.ai/events/11494-u-s-corn-soybean-yield-estimates-unchanged-usda-reports.md) | -0.5% | -1.9% |

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/20467-us-sees-slide-in-corn-soybean-estimates-for-october

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