Grain markets finished mixed following the release of the monthly WASDE report. March Corn futures settled higher at $4.48, holding above the 200-day moving average, while January Soybean futures declined to $10.8725, marking the lowest close since late October. March Chicago Wheat futures ended slightly lower at $5.345. The report revealed a bullish surprise for corn, with U.S. ending stocks tightened to 2.029 billion bushels—a reduction of 125 million bushels from the prior month. World ending stocks for both corn and soybeans also came in below analyst estimates, while production forecasts for Brazil and Argentina remained unchanged.
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