By Michael Deliberto
LSU AgCenter
There were no major surprises in the March 31st USDA Prospective Plantings report, but the March 1st Quarterly Grain Stock report was seen as somewhat of a surprise “missing the mark” for corn and soybean stocks. Historically the April WASDE is not a major report, but the USDA reduced South America production, which could increase U.S. export demand and therefore reduce U.S. and major exporter ending stocks. As such, the market continues to trade tightness in ending stocks for the 2022/23 marketing year. As the market digests the plantings and stocks reports, focus now shifts to weather and U.S. planting progress.