# What You Need to Know About USDA's May WASDE Report - AgWeb

> USDA's May WASDE projected a 14.86 billion bushel 2024/25 corn crop at 181 bu/acre and a 4.45 billion bushel soybean crop at 52 bu/acre. Corn ending stocks came in below trade estimates, soybean stocks above, and wheat production below expectations, sending wheat sharply higher.

- Date: 2024-05-10 · published 2024-05-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/13182-what-you-need-to-know-about-usda-s-may-wasde-report-agweb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower corn stocks and smaller wheat supplies tighten feed grain balance sheets, supporting feed costs, though an analyst views the soybean stocks figure as bearish.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-12 | [USDA Releases May 2023 WASDE Report \| American Ag Network](https://feedsoft.ai/events/35889-usda-releases-may-2023-wasde-report-american-ag-network.md) | -1.1% | -6.9% |
| WHEAT | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +1.2% | +0.3% |
| WHEAT | 2019-09-13 | [AgroPages-USDA, WASDE Reports Rallies The Soybean Market 29¢.-Agricultural news](https://feedsoft.ai/events/10851-agropages-usda-wasde-reports-rallies-the-soybean-market-29-agricultural-news.md) | +2.2% | +0.7% |
| WHEAT | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -1.6% | -7.1% |
| WHEAT | 2022-05-12 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/41349-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | +5.9% | +0.7% |
| SOY | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +3.7% | +1.7% |
| SOY | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +0.7% | +3.8% |
| SOY | 2025-03-11 | [USDA Report Reaction \| Markets have muted response to USDA's March WASDE Report - Pro Farmer](https://feedsoft.ai/events/25513-usda-report-reaction-markets-have-muted-response-to-usda-s-march-wasde-report.md) | +1.6% | -1.7% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/corn/what-you-need-know-about-usdas-may-wasde-report
- fb.org: https://www.fb.org/intel/markets/may-wasde-offers-first-look-at-upcoming-marketing-year

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