NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Wed Apr 9, 2014 11:00 AM CDT

WASHINGTON (DTN) -- USDA slashed ending stocks for both corn and soybeans in its supply and demand report released on Wednesday morning.

Soybean ending stocks fell to 135 mb, a 10 mb cut that resulted from increased imports and exports as well as changes to seed use and residual use, USDA said. The ending stocks-to-use ration dropped to 4% from 4.5%.

USDA trimmed corn ending stocks by 125 million bushels by increasing its forecast for U.S. exports by a like amount.

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World Agricultural Supply and Demand Estimates (WASDE) link: http://www.usda.gov/…

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