# Bearish USDA crop report shakes corn and soybean sectors | 2017-08-10 | Agri-Pulse | Agri-Pulse Communications, Inc.

> USDA's August crop report projected U.S. corn yield at 169.5 bushels per acre and soybean yield at 49.4 bushels per acre, both well above trade expectations. Corn production was pegged at 14.2 billion bushels, and futures fell sharply on the Chicago Board of Trade.

- Date: 2017-08-10 · published 2017-08-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/69393-bearish-usda-crop-report-shakes-corn-and-soybean-sectors-2017-08-10-agri-pulse
- 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 U.S. corn and soybean supplies lower futures and point to cheaper feed grains and soybean meal for buyers through the new crop year.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-12 | [USDA trims corn, soybean acres off June estimates \| 2019-08-12 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/11741-usda-trims-corn-soybean-acres-off-june-estimates-2019-08-12-agri-pulse-agri.md) | -6.0% | -8.6% |
| CORN | 2023-06-30 | [More corn, less soybeans revealed in USDA crop acreage, grain stocks reports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35530-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports-agri.md) | -2.3% | +1.5% |
| CORN | 2021-10-12 | [USDA officials increase soybean, corn yield estimates \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44382-usda-officials-increase-soybean-corn-yield-estimates-agri-pulse-communications.md) | +0.0% | +9.0% |
| CORN | 2021-09-10 | [USDA raises corn and soy yield forecasts, pushing down price expectations \| 2021-09-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45108-usda-raises-corn-and-soy-yield-forecasts-pushing-down-price-expectations-2021.md) | +1.1% | -1.9% |
| CORN | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -5.7% | -8.7% |
| SOY | 2026-01-13 | [Daybreak Jan. 13: Soybean growers let down by crop report \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/21078-daybreak-jan-13-soybean-growers-let-down-by-crop-report-agri-pulse.md) | +1.9% | +8.7% |
| SOY | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | -2.7% | -3.8% |
| SOY | 2021-10-12 | [USDA officials increase soybean, corn yield estimates \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44382-usda-officials-increase-soybean-corn-yield-estimates-agri-pulse-communications.md) | -0.5% | -4.1% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/9720-bearish-usda-crop-report-shakes-corn-and-soybean-sectors

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