Despite the February WASDE report leaving U.S. ending stocks unchanged at 350 million bushels, the soybean market rallied.

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USDA surprised traders by cutting corn ending stocks 100 million bushels below expectations. Soybean projections unchanged while wheat stocks rise.

The next WASDE report will be released March 10. On March 31, USDA will issue two major reports: Quarterly Grain Stocks and Prospective Plantings (often referred to as the Planting Intentions report).