By Michael Deliberto
LSU AgCenter
The April WASDE report was neutral with no major surprises. Perhaps the most noteworthy piece of information was the estimate of U.S. ending stocks for the 2023/24 crop year. Prior to the release of the April report, the trade’s attention focused on the USDA’s estimates of the South American corn and soybean crops. Specifically, the difference between the USDA and CONAB estimates of the Brazil soybean crop (USDA’s 155 MMT versus CONAB’s 146.5 MMT).