# May WASDE report throws 2 unexpected curveballs

> USDA's May WASDE used a 177 bpa corn yield for 2022/23, 4 bpa below the February Outlook Forum trend, and cut corn feed and ethanol use. Separately, CONAB raised Brazil's corn crop estimate to 116.2 MMT and increased its export estimate.

- Date: 2022-05-12 · published 2022-05-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/41346-may-wasde-report-throws-2-unexpected-curveballs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The lower US yield tightens new-crop corn supply, supporting corn prices, while Brazil's larger crop adds export supply that partly offsets it.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-04-11 | [WASDE Report Cuts Corn Ending Stocks More Than Expected - ProAg](https://feedsoft.ai/events/25066-wasde-report-cuts-corn-ending-stocks-more-than-expected-proag.md) | +1.7% | -4.0% |
| CORN | 2025-05-12 | [Initial Reaction to the May WASDE Report](https://feedsoft.ai/events/24611-initial-reaction-to-the-may-wasde-report.md) | +0.0% | +1.9% |
| CORN | 2019-06-20 | [June WASDE Report Released](https://feedsoft.ai/events/58536-june-wasde-report-released.md) | +1.9% | -2.0% |
| CORN | 2024-05-10 | [What You Need to Know About USDA's May WASDE Report - AgWeb](https://feedsoft.ai/events/13182-what-you-need-to-know-about-usda-s-may-wasde-report-agweb.md) | +2.4% | +2.7% |
| CORN | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | -1.8% | -2.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/may-wasde-report-throws-2-unexpected-curveballs

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