USDA lowered U.S. corn ending stocks by 50 million bushels from the January report to 1.502 billion bushels, mainly on a matching increase in exports to China. U.S. soybean ending stocks are lowered 20 million bushels from January to 120 million bushels. U.S. wheat ending stocks are mostly unchanged from January, with an increase in spring wheat exports being offset by a decrease in winter wheat exports.
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