Monday's Monthly USDA Report Deemed Neutral to Slightly Bearish for Grain Futures
date:Mar 12, 2014
MMT in March, up from 183.73 MMT in February.

Old-crop corn exports are now estimated by USDA at 1.625 billion bushels, up 25 million bushels from February. USDA's projection of the national average on-farm cash corn price is now $4.25 to $4.75. For soybeans, USDA did a 20-million-bushel increase in estimated 2013-14 exports.

The export estimate now stands at 1.53 billion bushels. USDA raised the national average on-farm cash soybean price projection to $12.20 to $13.70. On wheat, USDA made no
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