MARKETS NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Fri Mar 8, 2013 11:39 AM CST

OMAHA (DTN) -- USDA chose to delay major changes to its domestic corn and soybean ending stocks figures until later in the month, when it releases its Quarterly Grain Stocks report.

Citing lower expected exports in the coming months and increased competition from South America, the World Agricultural Supply and Demand Estimates for March effectively held pat on both corn and soybean ending stocks.

USDA didn't touch Brazilian crop estimates, leaving corn at 72.6 million metric tons and soybeans at 83.5 mmt.

USDA's estimates for Argentine corn were cut from 27 mmt to 26.5 mmt while soybean production was trimmed ...

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