USDA report kept carry out stocks in the U.S. as 125. This should have been a bullish number, but they increased world carry out to 62.3 vs 60.20 last month. They also kept Brazilian production at 83.5 and Argentina at 51.5. By keeping these numbers unchanged, it increased world carry over by 2.0. So, it …read more.

(EDITOR’S NOTE: The following information is provided by Louis Dreyfus Commodities of Claypool.) USDA report contained some interesting numbers. Bean stocks as of March 1were 1.00 bil vs trade estimate of .935. Corn 5.400 bil vs trade estimate of 5.013. These numbers were a lot higher than anyone expected. Beans were down 48 and corn …read more.