date:May 13, 2014
estimate more than anticipated, to 330 million bushels.
USDA also increased its Brazilian soybean crop estimate to 91 MMT--higher than expected. USDA estimated 2014-15 world soybean carryover at 82.23 MMT, higher than pre-report estimates.
Wheat futures got a mixed bag of data from USDA's reports Friday. The data was overall neutral to slightly bullish.
The government projected the U.S. winter wheat crop at 1.403 billion bushels-- lower than expected. USDA put the size of the all-wheat crop