# WASDE update: Supportive grain estimates for 2024/25 | articles | ING THINK

> ING's review of the May WASDE found 2024/25 US corn output falling over 3% to 14.86 billion bushels on a 4% acreage cut to 90 million acres. Corn and wheat ending stocks came in below expectations, while US and global soybean ending stocks were higher than expected.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30214-wasde-update-supportive-grain-estimates-for-2024-25-articles-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower corn and wheat stocks support feed grain prices, while the bigger soybean stock build pressures soybeans and soybean meal. Buyers should weigh firmer corn costs against softer soy-based feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-13 | [WASDE update: US supply cuts \| articles \| ING THINK](https://feedsoft.ai/events/39103-wasde-update-us-supply-cuts-articles-ing-think.md) | +1.6% | -1.2% |
| CORN | 2023-01-13 | [WASDE update: Tighter US grain balances \| articles \| ING THINK](https://feedsoft.ai/events/37729-wasde-update-tighter-us-grain-balances-articles-ing-think.md) | +0.4% | +0.2% |
| CORN | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +1.7% | +1.8% |
| CORN | 2024-07-15 | [WASDE update: Better supply prospects for wheat and corn \| articles \| ING THINK](https://feedsoft.ai/events/29205-wasde-update-better-supply-prospects-for-wheat-and-corn-articles-ing-think.md) | -1.5% | -2.1% |
| CORN | 2022-08-15 | [WASDE update: Further tightening for corn expected \| articles \| ING THINK](https://feedsoft.ai/events/6533-wasde-update-further-tightening-for-corn-expected-articles-ing-think.md) | -1.1% | -0.5% |
| WHEAT | 2022-10-13 | [WASDE update: US supply cuts \| articles \| ING THINK](https://feedsoft.ai/events/39103-wasde-update-us-supply-cuts-articles-ing-think.md) | +3.8% | +4.5% |
| WHEAT | 2023-01-13 | [WASDE update: Tighter US grain balances \| articles \| ING THINK](https://feedsoft.ai/events/37729-wasde-update-tighter-us-grain-balances-articles-ing-think.md) | -0.9% | +1.8% |
| WHEAT | 2021-07-13 | [WASDE update: Global wheat stocks tighten \| articles \| ING THINK](https://feedsoft.ai/events/46007-wasde-update-global-wheat-stocks-tighten-articles-ing-think.md) | +1.3% | -0.4% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-supportive-grain-estimates-for-2024-25/

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