# USDA raises 2017 corn guess, lowers soybeans - Brownfield Ag News

> USDA's October report raised the 2017 U.S. corn crop to 14.280 billion bushels with a 171.8 bu/ac yield, up from September. Soybean production was pegged at a record 4.431 billion bushels, with the yield trimmed to 49.5 bu/ac from 49.9.

- Date: 2017-10-12 · published 2017-10-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/68314-usda-raises-2017-corn-guess-lowers-soybeans-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger corn crop estimate is bearish for corn prices, while the slightly lower soybean yield is a small offset to the record soybean supply, leaving both markets with ample stocks.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | +0.3% | -4.3% |
| WHEAT | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +8.8% | -0.9% |
| WHEAT | 2018-08-08 | [Bigger crop estimates send soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8653-bigger-crop-estimates-send-soybeans-corn-lower-brownfield-ag-news.md) | -3.0% | +3.0% |
| WHEAT | 2017-12-12 | [USDA lowers corn ending stocks estimate - Brownfield Ag News](https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news.md) | +1.4% | +2.5% |
| WHEAT | 2019-05-23 | [USDA: China buys U.S. soybeans, pork - Brownfield Ag News](https://feedsoft.ai/events/58948-usda-china-buys-u-s-soybeans-pork-brownfield-ag-news.md) | -13.0% | -6.4% |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks estimate - Brownfield Ag News](https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news.md) | -2.1% | -3.6% |
| SOY | 2019-04-09 | [Soybeans mixed, corn mostly firm after USDA report - Brownfield Ag News](https://feedsoft.ai/events/59548-soybeans-mixed-corn-mostly-firm-after-usda-report-brownfield-ag-news.md) | -0.0% | -9.0% |
| SOY | 2020-01-10 | [USDA 2019 corn, soybean totals show weather effects - Brownfield Ag News](https://feedsoft.ai/events/54932-usda-2019-corn-soybean-totals-show-weather-effects-brownfield-ag-news.md) | -1.0% | -5.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/usda-raises-2017-corn-guess-lowers-soybeans/
- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2017/10/12/usda-bumps-corn-production-yield

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