# USDA Releases May 2023 WASDE Report | American Ag Network

> USDA released its May 2023 WASDE, offering the first look at 2023/24 balance sheets. Corn 2023/24 ending stocks were put at 2.222 billion bushels, soybean stocks at 335 million, and wheat stocks at 556 million, the lowest in 16 years. The soybean crush was projected at 2.31 billion bushels and US corn exports for 2023/24 were raised by 325 million bushels to 2.1 billion.

- Date: 2023-05-12 · published 2023-05-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/35889-usda-releases-may-2023-wasde-report-american-ag-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large corn and soybean stocks and a higher export outlook for corn are mixed, with ample supply weighing on prices. The lowest wheat carryout in 16 years supports wheat values.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-11-14 | [USDA Provides Fresh Data with November WASDE Report and Flash Sales Data \| American Ag Network](https://feedsoft.ai/events/21890-usda-provides-fresh-data-with-november-wasde-report-and-flash-sales-data.md) | -0.8% | -0.3% |
| CORN | 2026-03-10 | [USDA Releases March Crop Production, WASDE Reports](https://feedsoft.ai/events/20107-usda-releases-march-crop-production-wasde-reports.md) | +3.2% | +2.8% |
| CORN | 2023-02-27 | [USDA Releases Lower Ag Export Forecast for 2023](https://feedsoft.ai/events/37388-usda-releases-lower-ag-export-forecast-for-2023.md) | -1.3% | -1.8% |
| CORN | 2019-07-12 | [USDA releases July WASDE report - High Plains Journal](https://feedsoft.ai/events/58045-usda-releases-july-wasde-report-high-plains-journal.md) | -3.2% | -7.0% |
| CORN | 2019-05-10 | [USDA releases ?big, bearish numbers? in WASDE \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/59046-usda-releases-big-bearish-numbers-in-wasde-iowa-agribusiness-radio-network.md) | +5.8% | +12.3% |
| SOY | 2025-07-11 | [USDA Releases July 2025 WASDE Report \| Agriculture of America](https://feedsoft.ai/events/23709-usda-releases-july-2025-wasde-report-agriculture-of-america.md) | +0.9% | -4.0% |
| SOY | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -0.3% | +8.4% |
| SOY | 2025-11-14 | [USDA Provides Fresh Data with November WASDE Report and Flash Sales Data \| American Ag Network](https://feedsoft.ai/events/21890-usda-provides-fresh-data-with-november-wasde-report-and-flash-sales-data.md) | -0.8% | -4.9% |

## Sources

- americanagnetwork.com: https://www.americanagnetwork.com/2023/05/12/usda-released-may-2023-wasde-report/

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