# Corn, Soybean Stocks-to-Use Ratios

> DTN analysis of USDA's May WASDE finds the 2023/24 corn stocks-to-use ratio at 13.8%, the highest old-crop May ratio since 2020, and the 2024/25 soybean ratio at 10.2%, the highest initial forecast since 2019. Corn planting is seen down 4.6 million acres on a record yield forecast of 181 bushels per acre, with tepid demand pointing to a carryout above 2.0 billion bushels.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30286-corn-soybean-stocks-to-use-ratios
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher stocks-to-use ratios signal ample U.S. supply and weaker prices for corn and soybeans unless demand or weather changes. Limited Chinese purchases add to the bearish case.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-16 | [Global Stocks-to-Use Ratios](https://feedsoft.ai/events/66936-global-stocks-to-use-ratios.md) | +1.1% | +2.8% |
| CORN | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.6% | -0.6% |
| CORN | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -6.6% | -4.5% |
| CORN | 2023-06-12 | [USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg](https://feedsoft.ai/events/35444-usda-increases-corn-soybean-wheat-ending-stocks-proag.md) | +6.8% | -3.2% |
| CORN | 2017-07-13 | [USDA: Corn stocks increase, soybeans decrease - Mid-West Farm Report](https://feedsoft.ai/events/69889-usda-corn-stocks-increase-soybeans-decrease-mid-west-farm-report.md) | +0.3% | -1.2% |
| SOY | 2018-01-16 | [Global Stocks-to-Use Ratios](https://feedsoft.ai/events/66936-global-stocks-to-use-ratios.md) | +4.3% | +6.1% |
| SOY | 2022-05-19 | [Current Soybean Meal-Corn Ratio](https://feedsoft.ai/events/41486-current-soybean-meal-corn-ratio.md) | +1.1% | +2.8% |
| SOY | 2018-11-08 | [USDA cuts corn, soybean crops](https://feedsoft.ai/events/61984-usda-cuts-corn-soybean-crops.md) | +0.3% | +5.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2024/05/30/corn-soybean-stocks-use-ratios

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