# Corn, soybean markets drop after USDA hikes production

> Corn futures fell about 10 cents and soybean futures about 22 cents after USDA raised U.S. production and yield estimates to record levels. Corn was put at 15.23 billion bushels and soybeans at 4.36 billion, both above trade expectations. Analysts said the bigger crops pushed ending stocks higher.

- Date: 2016-11-09 · published 2016-11-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/73821-corn-soybean-markets-drop-after-usda-hikes-production
- 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

Record production and higher carryout are bearish for feed grain and oilseed prices. Lower crush estimates for soybeans also reduce demand for soybean meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +5.1% | +3.6% |
| CORN | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -0.3% |
| CORN | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +0.1% | +1.9% |
| CORN | 2022-11-09 | [November USDA Report Increases Corn and Soybean Production](https://feedsoft.ai/events/38642-november-usda-report-increases-corn-and-soybean-production.md) | +1.6% | -5.7% |
| CORN | 2018-08-10 | [Soybeans, Grains Plunge After USDA Raises Production Forecasts](https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts.md) | -7.5% | -9.1% |
| SOY | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +1.5% | +7.7% |
| SOY | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +2.2% | +0.7% |
| SOY | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +6.7% | +4.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/corn-soybean-markets-drop-after-usda-hikes-production

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