WASHINGTON (DTN) -- USDA increased its export forecasts for corn, soybeans and wheat in Monday's World Agricultural Supply and Demand report.
Corn exports increased 150 million bushels while wheat exports were increased 50 mb. USDA increased soybean exports for the 2013-14 crop year by 15 mb.
The changes lowered corn and wheat ending stocks below the range of pre-report estimates. Soybean ending stocks were held steady as USDA offset the increased exports by adding 5 mb of imports and cutting residual use by 10 mb.
USDA also made several revisions to South American corn and soybean production estimates.
Monday's reports ...