WASHINGTON (DTN) -- Corn stocks were pegged at slightly more than 7 billion bushels in the USDA Quarterly Grain Stocks report on Monday, coming in just below the pre-report average but within the market range.
Soybean quarterly stocks came in at 992 million bushels, which is 3 million bushels above the pre-report average.
USDA also released its March Prospective Planting report that projected a record soybean crop of 81.5 million acres, which comes in close to the average pre-report forecasts. Farmers are expected to plant 4.97 million more soybean acres than in the 2013-14 crop.
USDA forecasts corn planting at ...