# Corn falls most since 2023 after US makes surprise crop estimate |  Bloomberg News

> Corn futures fell as much as 6% to $4.7025 a bushel, the lowest since August 11, after USDA's crop estimate came in well above analyst expectations. Production is put at about 16 billion bushels, up 1% from last month versus an average trade guess of 15.73 billion.

- Date: 2026-10-28 · published 2026-10-29T06:05:26.319Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/64-corn-falls-most-since-2023-after-us-makes-surprise-crop-estimate-bloomberg-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A much larger-than-expected crop estimate increases near-term corn supply, pressuring corn prices and lowering feed grain costs for buyers.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-01-12 | [Corn Drops Most Since 2023 as USDA Unexpectedly Raises US Yield - Bloomberg](https://feedsoft.ai/events/7089-corn-drops-most-since-2023-as-usda-unexpectedly-raises-us-yield-bloomberg.md) | -2.8% | -1.7% |
| CORN | 2026-01-13 | [Corn sinks to 3-month low after USDA surprises market with supply estimates \| Stock Market News](https://feedsoft.ai/events/7090-corn-sinks-to-3-month-low-after-usda-surprises-market-with-supply-estimates.md) | +0.6% | +1.4% |
| CORN | 2019-10-10 | [Corn futures fall after higher U.S. yield estimate surprises traders \| Financial Post](https://feedsoft.ai/events/56587-corn-futures-fall-after-higher-u-s-yield-estimate-surprises-traders-financial.md) | +0.1% | -1.3% |
| CORN | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +5.0% | -0.3% |
| CORN | 2019-10-10 | [September estimates indicate record grain crop for 2019 \| News Agency](https://feedsoft.ai/events/56405-september-estimates-indicate-record-grain-crop-for-2019-news-agency.md) | +0.1% | -1.3% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2026/10/11/corn-falls-most-since-2023-after-us-makes-surprise-crop-estimate/

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