# USDA Reports Summary

> USDA lowered 2020-21 U.S. corn ending stocks by 95 million bushels to 1.257 billion bushels in its May WASDE, citing higher export demand. It left old-crop soybean stocks at 120 million bushels and raised new-crop soybean stocks by 140 million bushels.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/47039-usda-reports-summary
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The old-crop corn cut tightens nearby supplies, supporting feed grain prices, while the new-crop soybean stocks outlook remains tight, keeping soymeal costs firm.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2021-05-12 | 1 | -4.8% | -4.1 | The USDA report summary shows new-crop soybean stocks raised by 140 million bushels, a bearish supply signal for meal on the day of the drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-11 | [USDA Reports Summary](https://feedsoft.ai/events/62479-usda-reports-summary.md) | +4.1% | +4.1% |
| CORN | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +3.1% | +2.4% |
| CORN | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +0.3% | +2.4% |
| CORN | 2018-05-09 | [USDA Reports Preview](https://feedsoft.ai/events/65067-usda-reports-preview.md) | +0.8% | -1.8% |
| CORN | 2020-06-12 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/52558-usda-reports-review-proag.md) | +0.2% | +1.6% |
| SOY | 2019-08-09 | [USDA Reports Summary](https://feedsoft.ai/events/57549-usda-reports-summary.md) | -0.8% | -2.3% |
| SOY | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | -3.4% | -10.4% |
| SOY | 2019-03-08 | [USDA Reports Summary - ProAg](https://feedsoft.ai/events/60034-usda-reports-summary-proag.md) | -0.1% | +1.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/05/12/usda-releases-may-crop-production?referrer=twitter

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