Corn – Bearish o Projection of 7.745 billion was well above expectations with average trade estimate at 7.609 billion. o Implied feed use was below current USDA estimates which anticipated higher per animal feeding. Soybeans – Neutral o Projections were near expectations at 1.334 billion bushels versus average estimates of 1.346 billion. Wheat – Neutral o Projections were near expectations at 1.124 billion bushels versus average estimates of 1.14 billion. Click below for a downloadable pdf file. Mar ’15 USDA Stocks Report