Little Change for Corn and Soybeans in March 2011 WASDE

 

Today’s WASDE report shows little to no significant change in corn and soybeans, from supplies to production to prices. Global corn supplies are down a bit, production is down 0.5 million tons and imports are raised. Corn prices are projected at $5.15-5.65/bu. Soybean production is up a bit from last month. Ending stocks are down, and could be at their lowest in six years. Soybean prices are down 10¢ on each end, with projections at $11.10-12.10/bu.