# May WASDE Offers First Look at Upcoming Marketing Year | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's May WASDE report gives the first look at the 2024/25 balance sheets. It projects U.S. corn ending stocks at 2.102 billion bushels, up 4% from 2023/24, and an average corn price of $4.40 per bushel, down 5.4%. The corn outlook is less bearish than it was at planting, and the projections do not yet account for slow Midwest planting.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30284-may-wasde-offers-first-look-at-upcoming-marketing-year-farm-bureau-intel
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger projected carryout and a lower season-average price point to softer new-crop corn values. Slow planting could still cut production estimates later and offset some of that pressure.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-30 | [U.S. Corn Condition Second Highest on Record \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/64879-u-s-corn-condition-second-highest-on-record-farm-bureau-intel-markets-american.md) | -2.3% | -8.2% |
| CORN | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.5% | -6.5% |
| CORN | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +0.3% | +2.4% |
| CORN | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | -2.6% | +3.6% |
| CORN | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -13.6% | -16.3% |

## Sources

- fb.org: https://www.fb.org/intel/markets/may-wasde-offers-first-look-at-upcoming-marketing-year

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