# More Corn Acres and the Prospect of Large Stocks and Low Prices - farmdoc daily

> USDA's September WASDE showed a small change in U.S. corn and soybean production, with higher planted corn acreage offsetting lower yields. Farm Service Agency acreage data suggests corn acreage could stay high, and the authors expect 2023/24 corn stocks to remain large.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7187-more-corn-acres-and-the-prospect-of-large-stocks-and-low-prices-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Larger corn acreage and ample stocks point to a return to lower corn prices, which favors cheaper feed grain for buyers.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-01-01 | [Large Corn and Soybean Yield Forecasts Hurt Price Prospects](https://feedsoft.ai/events/67026-large-corn-and-soybean-yield-forecasts-hurt-price-prospects.md) | +0.3% | +2.5% |
| CORN | 2019-04-01 | [Large Corn Stocks, Seedings Surprise the Market - ProAg](https://feedsoft.ai/events/59546-large-corn-stocks-seedings-surprise-the-market-proag.md) | +0.2% | -2.9% |
| CORN | 2018-09-17 | [Record Corn Yield Forecast Weakens Corn Prices - farmdoc daily](https://feedsoft.ai/events/63055-record-corn-yield-forecast-weakens-corn-prices-farmdoc-daily.md) | +3.1% | +4.7% |
| CORN | 2024-06-28 | [Corn Falls on Friday as USDA Reports Larger Acreage and Stocks](https://feedsoft.ai/events/29803-corn-falls-on-friday-as-usda-reports-larger-acreage-and-stocks.md) | -0.3% | -0.9% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2023/09/more-corn-acres-and-the-prospect-of-large-stocks-and-low-prices.html

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