# Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's May 10, 2017 WASDE gave its first full 2017/18 corn and soybean balance sheets. Corn yield is projected at 170.7 bu/acre with production near 14.1 billion bushels, and soybean yield at 48 bu/acre with production of 4.255 billion bushels.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Projected ending stocks and lower consumption point to ample supplies, which keeps new-crop feed grain prices subdued, with $3.40 corn projected unchanged.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.5% | -6.5% |
| CORN | 2018-05-30 | [U.S. Corn Condition Second Highest on Record \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/64879-u-s-corn-condition-second-highest-on-record-farm-bureau-intel-markets-american.md) | -2.3% | -8.2% |
| CORN | 2017-05-15 | [2017-18 Market Prospects for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/70852-2017-18-market-prospects-for-corn-and-soybeans-farmdoc-daily.md) | +0.5% | +3.5% |
| CORN | 2024-05-13 | [May WASDE Offers First Look at Upcoming Marketing Year \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/30284-may-wasde-offers-first-look-at-upcoming-marketing-year-farm-bureau-intel.md) | -0.0% | +0.5% |
| CORN | 2023-08-11 | [August WASDE cuts export expectations for corn, soybeans and wheat - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12249-august-wasde-cuts-export-expectations-for-corn-soybeans-and-wheat-agweek-1.md) | -1.6% | -2.3% |
| SOY | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | -2.2% | -1.8% |
| SOY | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.3% | +0.0% |
| SOY | 2024-08-13 | [August WASDE, Crop Production Reports Buoy Expectations for Large Crops \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/10467-august-wasde-crop-production-reports-buoy-expectations-for-large-crops-farm.md) | -5.5% | -3.4% |

## Sources

- fb.org: https://www.fb.org/intel/markets/updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18

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