# Corn prices fall as supplies expected to increase

> Corn prices are falling after a bearish May 2023 WASDE report, with December futures closing at $5.08 on May 12. USDA forecasts 2023-24 U.S. corn ending stocks of 56.43 million tonnes, and analysts expect prices to drop below $5, with StoneX seeing farm prices as low as $4.35.

- Date: 2023-05-17 · published 2023-05-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5013-corn-prices-fall-as-supplies-expected-to-increase
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Projected large ending stocks signal ample corn supplies ahead, pointing to lower feed corn prices and reduced cost pressure for feed buyers.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-05-14 | 1 | -3.9% | -5.7 | Describes corn December futures falling to $5.08 on May 12 after the bearish WASDE, with analysts expecting further declines, which confirms the report-driven move. |
| CORN | 2023-05-18 | 5 | -8.8% | -3.2 | Analysts expected prices to fall below $5 following bearish WASDE, reflecting sentiment and supply outlook. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-16 | [Tight Supplies Expected to Boost Cattle and Hog Prices in 2024](https://feedsoft.ai/events/31615-tight-supplies-expected-to-boost-cattle-and-hog-prices-in-2024.md) | +0.5% | +4.8% |
| CORN | 2022-07-12 | [USDA Expects Higher Corn Supplies](https://feedsoft.ai/events/40429-usda-expects-higher-corn-supplies.md) | -13.6% | -16.3% |
| CORN | 2021-05-18 | [Corn Production Expected to Grow in 2021](https://feedsoft.ai/events/47087-corn-production-expected-to-grow-in-2021.md) | +0.7% | +3.5% |
| CORN | 2018-09-28 | [U.S. grains: Bigger-than-expected supplies knock down prices - Grainews](https://feedsoft.ai/events/63056-u-s-grains-bigger-than-expected-supplies-knock-down-prices-grainews.md) | -0.4% | -1.8% |
| CORN | 2026-10-08 | [USDA Delivers Unexpected Blow to Corn Bulls, Corn Prices Tank](https://feedsoft.ai/events/429-usda-delivers-unexpected-blow-to-corn-bulls-corn-prices-tank.md) | -2.4% | -5.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/corn-prices-fall-as-supplies-expected-to-increase/

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