# USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017

> USDA's February 24 outlook forum projected smaller 2017 U.S. crops: corn at 14.065 billion bushels (down 7%), soybeans at 4.18 billion (down 3%), and wheat at 1.837 billion (down 20%). The wheat decline reflects a 3.8-million-acre cut in winter wheat seedings, the lowest in 108 years.

- Date: 2017-02-24 · published 2017-02-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower projected corn, soybean and wheat supplies, with ending stocks for corn and wheat tightening, support feed grain prices and raise the cost of feed ingredients for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.5% | -5.9% |
| CORN | 2018-11-08 | [USDA cuts corn, soybean crops](https://feedsoft.ai/events/61984-usda-cuts-corn-soybean-crops.md) | -6.8% | -0.4% |
| CORN | 2019-07-19 | [Corn and soybean crops at mid-season, 2019 - farmdoc](https://feedsoft.ai/events/57920-corn-and-soybean-crops-at-mid-season-2019-farmdoc.md) | -0.6% | -11.3% |
| CORN | 2022-02-24 | [USDA cuts corn, raises soy and wheat acreage for 2022](https://feedsoft.ai/events/13389-usda-cuts-corn-raises-soy-and-wheat-acreage-for-2022.md) | +6.5% | +12.3% |
| CORN | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +9.7% | +8.7% |
| SOY | 2022-06-10 | [USDA Sees Smaller Soybean Stocks for Old and New Crops](https://feedsoft.ai/events/40896-usda-sees-smaller-soybean-stocks-for-old-and-new-crops.md) | -3.4% | -7.2% |
| SOY | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.1% | -7.8% |
| SOY | 2019-07-19 | [Corn and soybean crops at mid-season, 2019 - farmdoc](https://feedsoft.ai/events/57920-corn-and-soybean-crops-at-mid-season-2019-farmdoc.md) | +0.1% | -2.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017

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