# USDA releases ?big, bearish numbers? in WASDE | Iowa Agribusiness Radio Network

> Analysts described the May WASDE as bearish across the board, with corn the most bearish. The report used a trend-line corn yield that puts 2019-20 corn ending stocks near 2.5 billion bushels, and old-crop corn stocks rose 65 million bushels to 2.1 billion. Soybean exports were trimmed by 100 million bushels, which added to ending stocks, while the 970 million bushel 2019-20 soybean ending stocks figure was viewed as optimistic.

- Date: 2019-05-10 · published 2019-05-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/59046-usda-releases-big-bearish-numbers-in-wasde-iowa-agribusiness-radio-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Trend-line yields that look too high raise the risk of a later downward yield revision, but for now the larger stocks outlook pressures corn and soybean prices, and a China trade deal could change export flows.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-08 | [April WASDE report a bit disappointing \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/41802-april-wasde-report-a-bit-disappointing-iowa-agribusiness-radio-network.md) | -0.7% | -6.4% |
| 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 | 2020-01-10 | [WASDE report: “Not as friendly? as expected \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/55024-wasde-report-not-as-friendly-as-expected-iowa-agribusiness-radio-network.md) | -1.0% | -0.7% |
| CORN | 2018-02-22 | [Traders look for increased trend line yield estimates \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66352-traders-look-for-increased-trend-line-yield-estimates-iowa-agribusiness-radio.md) | +1.4% | +3.0% |
| CORN | 2018-02-23 | [Iowa records second largest corn, soybean crop in 2017 \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66349-iowa-records-second-largest-corn-soybean-crop-in-2017-iowa-agribusiness-radio.md) | +1.9% | +2.9% |
| SOY | 2019-06-11 | [WASDE report gives bullish numbers to corn \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58540-wasde-report-gives-bullish-numbers-to-corn-iowa-agribusiness-radio-network.md) | +6.3% | +2.8% |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks, raises soybean \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-iowa-agribusiness-radio-network.md) | -2.1% | -3.6% |
| SOY | 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) | -3.5% | -6.1% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/usda-releases-big-bearish-numbers-in-wasde/

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