On Wednesday, the USDA/WASDE released its May Supply/Demand and World Crop Production estimates. The U.S. soybean ending stocks number, thought to drop by the trade’s expectations, was left unchanged. The other highlight: The Brazilian corn crop, stricken by a drought, was not lowered as much as the trade expected. 2020/2021 U.S. ENDING STOCKS For corn, the USDA pegged the U.S. old-crop ending stocks at 1.25 billion bushels vs. the trade estimate of 1.20 billion bushels and the USDA’s April estimate of 1.35 billion. For soybeans, the U.S. ending stocks were 120 million bushels vs. the April estimate of 120 million bushels. The trade expected the USDA to print 117 million bushels today.