# Terrain | May 2025 WASDE Sets the Stage for Markets

> Terrain's analysis of the May 2025 WASDE says corn and soybean ending stocks came in below trade expectations while wheat was higher. US planting is ahead of the five-year average, with corn 62% planted as of May 11.

- Date: 2025-05-13 · published 2025-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/24699-terrain-may-2025-wasde-sets-the-stage-for-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower-than-expected corn and soybean carryout supports prices, while higher wheat stocks add pressure on wheat as a feed substitute.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-03 | [USDA Grain Stocks & WASDE Shock Markets \| Feed & Grain](https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2020-09-11 | [September WASDE resets goalposts — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/51209-september-wasde-resets-goalposts-this-week-in-the-grain-markets-realagriculture.md) | +4.5% | +5.3% |
| CORN | 2022-02-09 | [February 2022 WASDE Report Holds Few Surprises, but Grain Markets Surge](https://feedsoft.ai/events/14057-february-2022-wasde-report-holds-few-surprises-but-grain-markets-surge.md) | +0.5% | +15.2% |
| CORN | 2025-01-13 | [Main takeaways from the January 2025 WASDE - McKeany-Flavell](https://feedsoft.ai/events/13121-main-takeaways-from-the-january-2025-wasde-mckeany-flavell.md) | +1.7% | +1.8% |
| CORN | 2023-01-12 | [Turner's Take Ag Markets \| Jan WASDE Bullish](https://feedsoft.ai/events/37733-turner-s-take-ag-markets-jan-wasde-bullish.md) | +2.2% | +2.2% |
| SOY | 2020-09-11 | [September WASDE resets goalposts — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/51209-september-wasde-resets-goalposts-this-week-in-the-grain-markets-realagriculture.md) | +4.4% | +6.6% |
| SOY | 2022-02-09 | [February 2022 WASDE Report Holds Few Surprises, but Grain Markets Surge](https://feedsoft.ai/events/14057-february-2022-wasde-report-holds-few-surprises-but-grain-markets-surge.md) | -1.1% | +7.5% |
| SOY | 2026-03-10 | [Grain stocks stay steady in March WASDE](https://feedsoft.ai/events/20105-grain-stocks-stay-steady-in-march-wasde.md) | -2.1% | -1.9% |

## Sources

- terrainag.com: https://www.terrainag.com/insights/may-2025-wasde-sets-the-stage-for-markets/

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