# Grain Traders Already Questioning USDA’s WASDE Report | Red River Farm Network

> Commodities broker Clayton Pope said the May USDA numbers were less friendly than the trade expected, with old-crop corn carryover down 95 million bushels versus larger expected cuts. He noted that new-crop corn stocks are comfortable and that traders are skeptical of USDA figures.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/47041-grain-traders-already-questioning-usda-s-wasde-report-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Traders doubting the report and seeing ample new-crop corn supplies points to limited support for corn prices until the June 30 acreage report.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-05-16 | 5 | -8.8% | -3.1 | Traders said the WASDE was less bullish than expected, with old-crop carryover cut by only 95 million bushels and new-crop stocks comfortable, which supports a sharp sell-off. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-02-11 | [February USDA Report “Underwhelming” \| Red River Farm Network](https://feedsoft.ai/events/54561-february-usda-report-underwhelming-red-river-farm-network.md) | +0.7% | +0.7% |
| CORN | 2021-05-07 | [Grain Market Surprised at Higher Ending Stock Estimates \| Red River Farm Network](https://feedsoft.ai/events/47040-grain-market-surprised-at-higher-ending-stock-estimates-red-river-farm-network.md) | -3.0% | -7.4% |
| CORN | 2023-11-09 | [USDA's WASDE report throws a few curveballs - Grainews](https://feedsoft.ai/events/33119-usda-s-wasde-report-throws-a-few-curveballs-grainews.md) | -1.5% | -1.0% |
| CORN | 2017-07-12 | [Grain market tumbles following USDA report - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6473-grain-market-tumbles-following-usda-report-iowa-agribusiness-radio-network.md) | -4.1% | -5.2% |
| CORN | 2026-09-30 | [USDA Grain Stocks: Corn Tops All Trade Guesses \| Dakota News Network](https://feedsoft.ai/events/17409-usda-grain-stocks-corn-tops-all-trade-guesses-dakota-news-network.md) | -2.9% | -9.4% |

## Sources

- rrfn.com: https://www.rrfn.com/2021/05/12/grain-traders-already-questioning-usdas-wasde-report/

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