USDA made very few changes in the March Supply and Demand Report. The agency left carryout unchanged on corn at 1.837 billion bushels, as well as wheat at 966 million bushels…while soybean ending stocks were upped 10 million bushels to 460 million bushels.
World ending stocks were lowered by around 2 million metric tons for both corn and wheat to 207 million metric tons and 237.6 mmt respectively. Global soybean stocks were lowered slightly to 78.9 mmt.
And South American corn and soybean production was also untouched by USDA in the March report.
