USDA made minor changes in the April supply and demand report. Wheat ending stocks were raised to 698 million bushels from 673 million in March. Corn ending stocks were nearly unchanged at 2.12 million bushels. Soybean ending stocks were raised from 315 million bushels last month March to 340 million bushels. The report made no changes to Brazil’s corn or soybean production but did lower Argentina’s corn production by 1 million metric tons.
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