# Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media

> The September WASDE report surprised the market and pushed corn down about 6 usd/mt, soybeans about 5 usd/mt and soymeal about 10 usd/mt. USDA projected a high US corn yield and production up 2%, expanding global corn stocks. Peruvian fishmeal prices rose by as much as 50 usd/mt as the first-season quota remained largely unfulfilled.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A larger US corn crop and bigger global stocks weigh on corn, soy and meal prices, while tight Peruvian fishmeal supply and fishing bans support fishmeal prices for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-12 | [Corn and Soybean Prices Tank After USDA Report Makes Surprising Revisions to Yield - AgWeb](https://feedsoft.ai/events/32065-corn-and-soybean-prices-tank-after-usda-report-makes-surprising-revisions-to.md) | -0.9% | -5.5% |
| CORN | 2026-09-30 | [US corn and soybeans prices fall sharply after USDA stocks surprise \| S&P Global](https://feedsoft.ai/events/17402-us-corn-and-soybeans-prices-fall-sharply-after-usda-stocks-surprise-s-and-p.md) | -0.5% | -6.2% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |
| CORN | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | -0.7% | +0.6% |
| CORN | 2024-10-01 | [Corn and Soybean Prices Collapse Due to Big Crop Estimates](https://feedsoft.ai/events/27882-corn-and-soybean-prices-collapse-due-to-big-crop-estimates.md) | +0.2% | -2.4% |
| SOY | 2024-01-12 | [Corn and Soybean Prices Tank After USDA Report Makes Surprising Revisions to Yield - AgWeb](https://feedsoft.ai/events/32065-corn-and-soybean-prices-tank-after-usda-report-makes-surprising-revisions-to.md) | -1.5% | -3.9% |
| SOY | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +1.5% | -1.1% |
| SOY | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | -3.2% | -0.9% |

## Sources

- en.lider.media: https://en.lider.media/2018/09/21/surprising-drop-in-prices-of-corn-soybeans-and-soy-meal/

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