# Commodities Overview May 2024 Edition - ADM Investor Services

> The ADM Investor Services May 2024 commodities overview said the May WASDE was supportive for corn, with 2023/24 ending stocks at 2.022 billion bushels, at the low end of expectations. It also noted 2024/25 corn stocks at 2.10 billion bushels, almost 200 million below the average trade guess. Soybean and wheat stocks were also discussed.

- Date: 2024-05-20 · published 2024-05-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30216-commodities-overview-may-2024-edition-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn stocks below trade expectations support feed corn prices and reduce the cushion for buyers heading into the new crop. The outlook depends on whether the record yield assumption holds.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -0.5% | +3.3% |
| CORN | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -3.3% | -5.7% |
| CORN | 2022-10-25 | [Commodities Overview Oct 2022 Edition - ADM Investor Services](https://feedsoft.ai/events/8069-commodities-overview-oct-2022-edition-adm-investor-services.md) | -1.4% | -2.7% |
| CORN | 2024-11-21 | [Commodities Overview November 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/11135-commodities-overview-november-2024-edition-adm-investor-services.md) | -3.5% | +1.6% |
| CORN | 2023-12-22 | [Commodities Overview Dec 2023 Edition - ADM Investor Services](https://feedsoft.ai/events/11285-commodities-overview-dec-2023-edition-adm-investor-services.md) | +2.4% | -1.8% |
| SOY | 2024-10-22 | [Commodities Overview October 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/27993-commodities-overview-october-2024-edition-adm-investor-services.md) | -0.7% | +2.9% |
| SOY | 2024-08-02 | [Global Ag News for Aug 2.24 - ADM Investor Services](https://feedsoft.ai/events/28977-global-ag-news-for-aug-2-24-adm-investor-services.md) | -1.2% | -4.7% |
| SOY | 2022-09-27 | [Global Ag News for Sept 27.22 - ADM Investor Services](https://feedsoft.ai/events/39685-global-ag-news-for-sept-27-22-adm-investor-services.md) | -2.6% | -2.8% |

## Sources

- admis.com: https://www.admis.com/commodities-overview-may-2024-edition/

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