# Allendale broker calls May WASDE a ?mixed bag? | Iowa Agribusiness Radio Network

> Soybean futures gained on May WASDE day while corn and wheat fell sharply. Allendale broker Greg McBride noted that old-crop corn carryout of 1.257 billion bushels was slightly better than expected, while new-crop corn at 1.507 billion and wheat stocks were higher than anticipated.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47044-allendale-broker-calls-may-wasde-a-mixed-bag-iowa-agribusiness-radio-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Bearish new-crop corn and wheat stocks outweigh the tight old-crop corn picture, pressuring those markets relative to soybeans.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/allendale-broker-calls-may-wasde-a-mixed-bag/

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