# Record Corn Yield Forecast Weakens Corn Prices - farmdoc daily

> USDA's September crop report projected a record 2018 U.S. corn yield of 181.4 bushels per acre and production of 14.827 billion bushels, up 241 million from August. December corn futures fell to contract lows after the report surprised the market.

- Date: 2018-09-17 · published 2018-09-17T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/63055-record-corn-yield-forecast-weakens-corn-prices-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A record crop forecast raises expected supplies and pressures corn prices lower, lowering feed grain costs for buyers, though the yield forecast may be revised later.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-01 | [Record Corn Yield Forecast Weakens Corn Prices](https://feedsoft.ai/events/67036-record-corn-yield-forecast-weakens-corn-prices.md) | +0.3% | +2.5% |
| CORN | 2016-11-07 | [US Corn Futures Weekly Price Outlook: Record Corn Yields?](https://feedsoft.ai/events/8309-us-corn-futures-weekly-price-outlook-record-corn-yields.md) | -2.6% | +0.5% |
| CORN | 2021-09-22 | [Brazil Starts Planting Grain Crop with Forecast of a New Record - farmdoc daily](https://feedsoft.ai/events/44914-brazil-starts-planting-grain-crop-with-forecast-of-a-new-record-farmdoc-daily.md) | +1.6% | +2.0% |
| CORN | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.8% | +8.3% |
| CORN | 2019-04-29 | [Corn Use for Ethanol Update - farmdoc daily](https://feedsoft.ai/events/59596-corn-use-for-ethanol-update-farmdoc-daily.md) | +0.1% | +6.9% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2018/09/record-corn-yield-forecast-weakens-corn-prices.html

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