# Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News

> USDA's May 12 WASDE included first 2023-24 crop forecasts, with corn yield at 181.5 bushels per acre and production at 15.265 billion bushels. Soybean production was forecast at 4.51 billion bushels, and wheat ending stocks at 556 million bushels. Several figures came in above Reuters-polled market expectations.

- Date: 2023-05-14 · published 2023-05-14T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations
- 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

Corn and soybean carryout figures above trade expectations signal ample supply and bearish price pressure, while the tight wheat carryout provides some support.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -1.6% | -7.1% |
| CORN | 2022-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/40431-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -11.6% | -12.4% |
| CORN | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -0.1% | -7.3% |
| CORN | 2022-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39093-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | +1.9% | -1.0% |
| CORN | 2024-04-12 | [Key data in USDA's April 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30672-key-data-in-usda-s-april-11-wasde-report-and-difference-from-market.md) | -0.2% | +1.2% |
| SOY | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | +0.2% | -3.8% |
| SOY | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -0.3% | -3.0% |
| SOY | 2022-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/40431-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -7.3% | +6.3% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2023/05/14/key-data-in-usdas-may-12-wasde-report-and-difference-from-market-expectations-2/

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