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Iowa Farm Bureau's analysis of the May WASDE shows US corn, soybean and wheat ending stocks for 2024/25 falling month-over-month and below trade expectations. For 2025/26, corn stocks of 1,800 mb were well short of expectations, soybeans were 67 mb below, and wheat was 60 mb above.
Tighter corn and soybean stocks than trade expected support feed prices, while heavier wheat supplies pressure wheat values.
iowafarmbureau.comAlex Robinson, Research Economist, Decision Innovation Solutions on behalf of Iowa Farm BureauMay 13, 2025After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
