# USDA Supply/Demand Summary - May 2022 — The Hightower Report

> The May 2022 USDA report put 2022/23 US corn yield at 177 bpa and production at 14.46 billion bushels, both below trade expectations. December corn tested its April 29 contract high after the report, while world corn stocks came in above expectations.

- Date: 2022-05-12 · published 2022-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/41351-usda-supply-demand-summary-may-2022-the-hightower-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Production below trade estimates supports corn prices, though larger-than-expected stocks and bearish global usage temper the rally.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | +0.7% | -7.7% |
| CORN | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.8% | +9.0% |
| CORN | 2024-11-08 | [USDA Reports Summary](https://feedsoft.ai/events/13133-usda-reports-summary.md) | -1.4% | -2.0% |
| CORN | 2020-07-10 | [USDA Reports Summary](https://feedsoft.ai/events/52075-usda-reports-summary.md) | -4.9% | -7.5% |
| CORN | 2022-02-09 | [USDA Reports Summary](https://feedsoft.ai/events/42673-usda-reports-summary.md) | +0.5% | +15.2% |

## Sources

- hightowerreport.com: https://www.hightowerreport.com/blog/2022/5/usda-supply-demand-summary-may-2022

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