# May WASDE report gives first look at new crop outlook - Agweek | #1 source for agriculture news, farming, markets

> The May WASDE gave the first look at 2021-22 U.S. crops, with corn production projected at 14.99 billion bushels based on a 179.5 bushel per acre yield and 91.1 million acres planted. Old-crop corn ending stocks were cut 95 million bushels to 1.257 billion.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/47042-may-wasde-report-gives-first-look-at-new-crop-outlook-agweek-1-source-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The projected new-crop corn production outlook sets the supply baseline for feed prices through the coming season, and the old-crop cut supports near-term tightness.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-05-17 | [WASDE not as bad as expected, for now - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53062-wasde-not-as-bad-as-expected-for-now-agweek-1-source-for-agriculture-news.md) | -0.1% | +3.0% |
| CORN | 2017-03-19 | [Markets preparing for spring - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10725-markets-preparing-for-spring-agweek-1-source-for-agriculture-news-farming.md) | -2.1% | -0.6% |
| CORN | 2022-03-31 | [Hog report numbers look bullish but can be deceiving, analyst says - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/42424-hog-report-numbers-look-bullish-but-can-be-deceiving-analyst-says-agweek-1.md) | +4.1% | +5.9% |
| CORN | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | +5.9% | +8.0% |
| CORN | 2022-01-01 | [AgweekTV Full Show: Grain and livestock outlook, falling behind in trade, QR code hunting sign and Beauty of Agriculture - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5769-agweektv-full-show-grain-and-livestock-outlook-falling-behind-in-trade-qr-code.md) | +3.8% | +6.6% |
| SOY | 2020-05-12 | [WASDE report shows new crop ending stocks shrinking, corn stocks rising - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53058-wasde-report-shows-new-crop-ending-stocks-shrinking-corn-stocks-rising-agweek-1.md) | -0.9% | +1.3% |
| SOY | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -0.5% | -1.9% |
| SOY | 2017-03-19 | [Markets preparing for spring - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10725-markets-preparing-for-spring-agweek-1-source-for-agriculture-news-farming.md) | -2.4% | -4.7% |

## Sources

- agweek.com: https://www.agweek.com/business/may-wasde-report-gives-first-look-at-new-crop-outlook

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