# Soybeans, Grains Plunge After USDA Raises Production Forecasts

> The USDA's August WASDE report raised corn and soybean production estimates well above analyst expectations, with corn yield at 178.4 bpa and soybean yield at 51.6 bpa. Ending stocks for both crops also came in higher than expected. Soybeans fell about 43 cents to $8.60 3/4 a bushel on the CBOT and soymeal dropped $12.

- Date: 2018-08-10 · published 2018-08-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Larger-than-expected US corn and soybean supplies and carryout weigh on feed grain and soymeal prices, lowering input costs for feed buyers in the near term.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-08-09 | 1 | -4.7% | -3.5 | Reports that soybeans fell about 43 cents to $8.60 3/4 after USDA's higher production and stocks forecasts directly describe the move. |
| SBM | 2018-08-09 | 1 | -3.1% | -3.0 | Reports the soybean and soymeal plunge (meal down $12) after USDA's August WASDE raised soybean and corn production and ending stocks well above expectations, which is the direct driver of the drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -4.5% | -6.5% |
| CORN | 2021-09-30 | [Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes](https://feedsoft.ai/events/45035-soybeans-plunge-wheat-rallies-on-usda-stocks-and-production-changes.md) | +0.3% | +2.8% |
| CORN | 2016-11-09 | [Corn, soybean markets drop after USDA hikes production](https://feedsoft.ai/events/73821-corn-soybean-markets-drop-after-usda-hikes-production.md) | -6.6% | -4.5% |
| CORN | 2025-08-14 | [Soybeans rise further after US production downgrade — TradingView News](https://feedsoft.ai/events/12448-soybeans-rise-further-after-us-production-downgrade-tradingview-news.md) | +1.1% | +4.8% |
| CORN | 2025-11-14 | [Corn, soybeans plunge after USDA data undercuts bulls](https://feedsoft.ai/events/21886-corn-soybeans-plunge-after-usda-data-undercuts-bulls.md) | -0.8% | -0.3% |
| SOY | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -4.3% | +0.0% |
| SOY | 2021-09-30 | [Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes](https://feedsoft.ai/events/45035-soybeans-plunge-wheat-rallies-on-usda-stocks-and-production-changes.md) | -3.3% | -3.5% |
| SOY | 2016-11-09 | [Corn, soybean markets drop after USDA hikes production](https://feedsoft.ai/events/73821-corn-soybean-markets-drop-after-usda-hikes-production.md) | -1.6% | +2.5% |

## Sources

- agriculture.com: https://www.agriculture.com/news/crops/usda-raises-stockpiles-forecasts-for-corn-beans-beyond-expectations

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