Grain markets experienced a choppy session on Tuesday as traders reacted to the latest monthly WASDE report. May corn futures settled 1'4 lower at 452'2, trading within a 9'4 range. May soybean futures showed significant volatility, settling 5'4 higher after trading in a 30 cent range. Wheat was the relative weak link, with May Chicago futures dropping 12'2 to settle at 591'0. The USDA report showed U.S. ending stocks for corn, soybeans, and wheat remained unchanged from February levels, largely aligning with market expectations. Additionally, Brazilian soybean production was estimated at 180 million metric tons, while Brazilian corn production saw a slight increase of 1 million metric tons from the previous month.
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