The WASDE report pegged the U.S. 2022/2023 corn ending stocks at 1.417 billion bushels, above the April estimate of 1.342 billion and the trade’s estimate of 1.366 billion bushels.
For soybeans, the U.S. ending stocks were pegged at 215 million bushels, above the April estimate of 210 million and the trade’s expectation of 212 million bushels.
USDA pegged the U.S. wheat…