# Record Crops, Tight Stocks - Mecardo

> Mecardo's commentary on the May 2025 WASDE highlights record global wheat and corn production for 2025-26, with consumption expected to outpace output and cut stocks slightly. Wheat stocks-to-use is forecast to fall to 32.9%, the lowest since 2012-13.

- Date: 2025-05-13 · published 2025-05-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/24632-record-crops-tight-stocks-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tightening stocks-to-use for wheat and corn is supportive of prices over the medium term, even though record output limits near-term gains.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-02-16 | [Feb WASDE Stocks-to-Use Ratios for Major Crops](https://feedsoft.ai/events/37266-feb-wasde-stocks-to-use-ratios-for-major-crops.md) | -1.3% | -6.4% |
| WHEAT | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -1.1% | -6.9% |
| WHEAT | 2018-05-11 | [Record grain consumption drives stocks down : USDA - Grain Central](https://feedsoft.ai/events/64985-record-grain-consumption-drives-stocks-down-usda-grain-central.md) | -0.6% | +3.1% |
| WHEAT | 2021-07-12 | [U.S. corn ending stocks top forecasts in WASDE report](https://feedsoft.ai/events/46002-u-s-corn-ending-stocks-top-forecasts-in-wasde-report.md) | -0.8% | +0.2% |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| CORN | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.0% | +1.9% |
| CORN | 2023-02-16 | [Feb WASDE Stocks-to-Use Ratios for Major Crops](https://feedsoft.ai/events/37266-feb-wasde-stocks-to-use-ratios-for-major-crops.md) | -0.4% | -4.9% |
| CORN | 2020-07-24 | [Wheat stock record, US maize trimmed: IGC - Grain Central](https://feedsoft.ai/events/52151-wheat-stock-record-us-maize-trimmed-igc-grain-central.md) | -1.9% | +1.4% |

## Sources

- mecardo.com.au: https://mecardo.com.au/record-crops-tight-stocks/

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