# Optimism and ambiguity abound in the latest WASDE report - RealAgriculture

> The May WASDE pegged new-crop corn ending stocks at 3.318 billion bushels, below the 3.4 billion expected, and production at a record 16 billion bushels using 97 million planted acres and a 178.5 bushel trend yield. Corn for ethanol was set at 5.2 billion bushels, below the typical baseline of about 5.5 billion.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53061-optimism-and-ambiguity-abound-in-the-latest-wasde-report-realagriculture
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Record production combined with lower-than-trend ethanol demand builds supply that is bearish for corn prices, though USDA's demand estimates may be revised as the season progresses.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-09 | [November WASDE puts damper on grain markets — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/61983-november-wasde-puts-damper-on-grain-markets-this-week-in-the-grain-markets.md) | -6.9% | -0.6% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |
| CORN | 2024-06-13 | [The Latest WASDE Report Defies Expectations - ProAg](https://feedsoft.ai/events/29692-the-latest-wasde-report-defies-expectations-proag.md) | -2.1% | -8.8% |
| CORN | 2024-02-06 | [US Department of Agriculture grain report hits Australian prices \| The Land \| NSW](https://feedsoft.ai/events/31626-us-department-of-agriculture-grain-report-hits-australian-prices-the-land-nsw.md) | -1.7% | +0.3% |
| CORN | 2022-01-12 | [USDA World Agricultural Supply and Demand Estimates January Report \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/43265-usda-world-agricultural-supply-and-demand-estimates-january-report-the-mighty.md) | -2.6% | +3.6% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/05/optimism-and-ambiguity-abound-in-the-latest-wasde-report/

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