June ’14 USDA Stocks Report
- Corn – Bearish
- Projections of 3.85 billion were well above expectations with average trade estimates near 3.72 billion bushels.
- Soybeans – Bearish
- Projections were above expectations at 405 million bushels versus average estimates of 378 million.
- Wheat – Neutral
- Projections were near expectations with 590 million bushels compared to average estimates of 598 million.