Report Reactions
Corn and cotton ending stocks up slightly, soybeans decline
Markets remain under pressure amid higher than expected corn stocks.
USDA surprised to the upside on Corn yields
Corn acres come in above expectations
Corn plantings and June 1 stocks topped expectations.
Market focus will remain on U.S. and global weather as traders await acreage and grain stocks data at the end of June.
Grain futures extended gains after the report, while cotton increased losses.
Markets had a muted reaction to USDA’s April Supply & Demand Report.
Corn planting intentions and March 1 stocks came in lower than expected.
Domestic ending stocks were unchanged for corn and soybeans, higher for wheat and lower for cotton.