# Initial Reaction to the May WASDE Report

> Teucrium's initial reaction to the May WASDE says 2025-26 corn stocks of 1.8 billion bushels are 242 million below expectations but up 27% year over year. The firm expects grain prices to remain under pressure absent a weather rally, and sees wheat as weak.

- Date: 2025-05-12 · published 2025-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/24611-initial-reaction-to-the-may-wasde-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The surprise corn carryout is supportive for feed costs, but the firm's view that robust demand and a year-over-year stock build cap prices limits the upside.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-05-12 | [May WASDE report throws 2 unexpected curveballs](https://feedsoft.ai/events/41346-may-wasde-report-throws-2-unexpected-curveballs.md) | -0.3% | -0.9% |
| CORN | 2024-05-10 | [What You Need to Know About USDA's May WASDE Report - AgWeb](https://feedsoft.ai/events/13182-what-you-need-to-know-about-usda-s-may-wasde-report-agweb.md) | +2.4% | +2.7% |
| CORN | 2019-06-20 | [June WASDE Report Released](https://feedsoft.ai/events/58536-june-wasde-report-released.md) | +1.9% | -2.0% |
| CORN | 2022-09-12 | [USDA WASDE report for September \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/39553-usda-wasde-report-for-september-the-mighty-790-kfgo-kfgo.md) | -1.1% | -1.5% |
| CORN | 2021-02-09 | [Markets take USDA WASDE report in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan.md) | -5.2% | +1.6% |
| WHEAT | 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) | +10.7% | -0.6% |
| WHEAT | 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) | +5.7% | +1.9% |
| WHEAT | 2020-07-10 | [July WASDE report fails to inspire corn gains](https://feedsoft.ai/events/52076-july-wasde-report-fails-to-inspire-corn-gains.md) | -0.1% | -0.8% |

## Sources

- blog.teucrium.com: https://blog.teucrium.com/teucrium-insights/initial-reaction-to-the-may-wasde-report

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