# USDA Reports Summary

> USDA's October WASDE and Crop Production reports projected record soybean production of about 4.69 billion bushels at 53.1 bpa, with 2018-19 soybean ending stocks at 885 million bushels. Corn yield was estimated at 180.7 bpa, production at 14.8 billion bushels, the highest yield on record.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/62479-usda-reports-summary
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record soybean output and large ending stocks are bearish for soybeans and meal, while corn ending stocks were viewed as bullish given tighter-than-expected supply. Feed buyers should expect ample soybean meal supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | -1.3% | -6.6% |
| SOY | 2018-09-12 | [USDA Reports Update](https://feedsoft.ai/events/62875-usda-reports-update.md) | -0.8% | +5.2% |
| SOY | 2016-12-09 | [USDA Reports Flash](https://feedsoft.ai/events/73424-usda-reports-flash.md) | +0.2% | -3.0% |
| SOY | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | -0.8% | +1.0% |
| SOY | 2021-06-10 | [USDA Report Recap](https://feedsoft.ai/events/46510-usda-report-recap.md) | -7.3% | -11.0% |
| CORN | 2021-05-12 | [USDA Reports Summary](https://feedsoft.ai/events/47039-usda-reports-summary.md) | -7.8% | -3.3% |
| CORN | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +3.1% | +2.4% |
| CORN | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +0.3% | +2.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/10/11/usda-releases-october-wasde-crop?referrer=twitter

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