date:Apr 14, 2016
that there were no major surprises.
Don Roose of U.S. Commodities called the report neutral overall. It was negative on corn and wheat, and neutral on soybeans.
Here are some of the key numbers from Tuesdays data release:
Corn: U.S. corn ending stocks were estimated at 1.862 billion bushels, which is higher than the trade expected. According to USDA, corn for ethanol was higher than expected, but feed and residual use was lowered.
Soybeans: U.S. soybean ending stocks were estimated at 445 mi