No Real Market Move With New Report

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In that WASDE report, USDA made some slight adjustments, but no real market-movers.

Corn ending stocks rose over the psychological barrier of 1.8 billion bushels, now forecast at 1.827 billion bushels for the 2014-2015 marketing year.

Soybean ending stocks dipped to 370 million bushels from 385 million, slightly below the trade average guess heading into the report.

USDA also narrowed range of average farm prices on corn this season, between $3.55 and $3.85 per bushel. On soybeans, the range is tighter as well – between $9.60 cents and $10.60 per bushel.


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