# Mike Silver Analyzes USDA May Report and the Win for Soybeans | Hoosier Ag Today

> USDA's May WASDE projected the 2018 U.S. corn crop at 14.0 billion bushels with a 174 bushel yield, and soybeans at 4.2 billion bushels, down 112 million from last year. The 2018/19 wheat crop was raised 5% to 1.8 billion bushels, with drought affecting winter wheat in Kansas, Oklahoma and Texas.

- Date: 2018-05-11 · published 2018-05-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/64972-mike-silver-analyzes-usda-may-report-and-the-win-for-soybeans-hoosier-ag-today
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller soybean crop and drought-hit Plains winter wheat support prices, while the larger overall wheat crop limits gains.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-10-02 | [Bower Trading Market Strategy Report: Finally, Friendly Numbers from USDA \| Hoosier Ag Today](https://feedsoft.ai/events/7535-bower-trading-market-strategy-report-finally-friendly-numbers-from-usda-hoosier.md) | +0.4% | +0.7% |
| SOY | 2022-03-10 | [Impacts of Russia-Ukraine War On Grain Markets Detailed In USDA Report \| Hoosier Ag Today](https://feedsoft.ai/events/42325-impacts-of-russia-ukraine-war-on-grain-markets-detailed-in-usda-report-hoosier.md) | -2.2% | -4.0% |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |
| SOY | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.6% | +1.1% |
| SOY | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.1% | -7.8% |
| CORN | 2017-10-02 | [Bower Trading Market Strategy Report: Finally, Friendly Numbers from USDA \| Hoosier Ag Today](https://feedsoft.ai/events/7535-bower-trading-market-strategy-report-finally-friendly-numbers-from-usda-hoosier.md) | +2.7% | +1.7% |
| CORN | 2018-06-13 | [Corn and Wheat Pop on June WASDE Report \| Hoosier Ag Today](https://feedsoft.ai/events/64484-corn-and-wheat-pop-on-june-wasde-report-hoosier-ag-today.md) | -4.1% | -8.2% |
| CORN | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | +4.1% | +5.9% |

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2018/05/10/mike-silver-analyzes-usda-may-report-and-the-win-for-soybeans/

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