# Brighter Crop View Sparks Corn Buzz as Rally Fades for Wheat - Bloomberg

> USDA cut its outlook for domestic corn yields, with reductions in Illinois and Iowa pulling the national number lower, though it remains a record. Corn futures in Chicago jumped as much as 2.8 percent, the most since Oct. 1.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/62569-brighter-crop-view-sparks-corn-buzz-as-rally-fades-for-wheat-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A lower USDA yield estimate tightens expected corn supplies, supporting prices. The move reflects a reduced crop outlook rather than a change in demand.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-08-20 | [Corn Breaks $5 Level as US Crop Tour Points to Tighter Supplies - Bloomberg](https://feedsoft.ai/events/12343-corn-breaks-5-level-as-us-crop-tour-points-to-tighter-supplies-bloomberg.md) | +6.7% | +10.6% |
| CORN | 2022-11-09 | [GRAINS-Wheat Drops as USDA Raises Global Supply View; Corn, Soybeans Firm](https://feedsoft.ai/events/38644-grains-wheat-drops-as-usda-raises-global-supply-view-corn-soybeans-firm.md) | +1.6% | -5.7% |
| CORN | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -1.1% | -1.5% |
| 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 | 2022-09-30 | [Wheat, corn rise, soybeans fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/39611-wheat-corn-rise-soybeans-fall-after-usda-numbers-brownfield-ag-news.md) | +1.0% | +3.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-10-11/brighter-grains-report-is-breath-of-fresh-air-for-market-bulls

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