# USDA Sees Record Corn Yield in 2018

> USDA pegged the US national average corn yield at 178.4 bushels per acre, above the July estimate and pre-report expectations, lifting production to 14.59 billion bushels. Soybean yield and production also exceeded pre-report ranges. DTN analysts called US corn and soybean ending stocks bearish.

- Date: 2018-08-10 · published 2018-08-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/63480-usda-sees-record-corn-yield-in-2018
- 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

A record corn yield estimate expands domestic supply and ending stocks, which pressures corn and soybean meal prices and lowers feed cost expectations.

## 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 | USDA's record corn yield and soybean yield above pre-report ranges, which DTN called bearish for stocks, added to the selling pressure. |
| SBM | 2018-08-09 | 1 | -3.1% | -3.0 | Record corn yield and soybean production above pre-report ranges, with DTN calling stocks bearish, weighed on the whole feed complex including meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-12 | [USDA Sees Record Corn Yield in Friday's Latest Reports](https://feedsoft.ai/events/32068-usda-sees-record-corn-yield-in-friday-s-latest-reports.md) | -0.9% | -5.5% |
| CORN | 2024-01-23 | [2023 corn sets yield record, 2024 may surpass](https://feedsoft.ai/events/32182-2023-corn-sets-yield-record-2024-may-surpass.md) | -1.0% | -4.9% |
| CORN | 2024-09-12 | [USDA Forecasts Record Corn Yield of 183.6 BPA in September Report](https://feedsoft.ai/events/28256-usda-forecasts-record-corn-yield-of-183-6-bpa-in-september-report.md) | +4.9% | +5.1% |
| 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 | 2020-08-12 | [USDA Expects Record Corn Crop](https://feedsoft.ai/events/51548-usda-expects-record-corn-crop.md) | +3.8% | +8.3% |
| SOY | 2024-01-12 | [USDA Sees Record Corn Yield in Friday's Latest Reports](https://feedsoft.ai/events/32068-usda-sees-record-corn-yield-in-friday-s-latest-reports.md) | -1.5% | -3.9% |
| SOY | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | -3.1% | -4.1% |
| SOY | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.9% | +11.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/08/10/usda-releases-first-survey-based

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