Much of the domestic supply and demand data in the USDA's April World Agricultural Supply and Demand Estimates (WASDE) report was as expected. 

Corn carryout was reduced 150 million bushels as feed usage increased 50 million bushels, ethanol demand was raised 25 million bushels and exports were bumped up 75 million bushels. This left ending stocks at a comfortable 1.35 billion bushels, which was in line with trade estimates. 

Soybean ending...