# USDA Reports Flash

> USDA's November WASDE raised 2017-18 corn production to 14.58 billion bushels on a record 175.4 bu/acre yield, versus 14.28 billion in October. Soybean production was trimmed to 4.425 billion bushels, and domestic corn ending stocks rose to 2.49 billion bushels, above pre-report expectations.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/67929-usda-reports-flash
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record corn yield and stocks above trade estimates add substantial bearish pressure to corn prices, while the small soybean cut leaves that market largely unchanged.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | +0.5% | +0.6% |
| CORN | 2016-12-09 | [USDA Reports Flash](https://feedsoft.ai/events/73424-usda-reports-flash.md) | +2.4% | +0.4% |
| CORN | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | +1.9% | -1.0% |
| CORN | 2018-09-12 | [USDA Reports Update](https://feedsoft.ai/events/62875-usda-reports-update.md) | -2.5% | -0.1% |
| CORN | 2019-08-09 | [USDA Reports Summary](https://feedsoft.ai/events/57549-usda-reports-summary.md) | -7.7% | -8.0% |
| SOY | 2017-02-09 | [USDA Reports Flash](https://feedsoft.ai/events/72446-usda-reports-flash.md) | +0.2% | -5.5% |
| SOY | 2022-08-12 | [USDA Reports Review](https://feedsoft.ai/events/13340-usda-reports-review.md) | -12.5% | -12.9% |
| SOY | 2019-08-09 | [USDA Reports Summary](https://feedsoft.ai/events/57549-usda-reports-summary.md) | -0.8% | -2.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2017/11/09/corn-production-raised-soybeans?referrer=twitter

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