USDA boosts corn end stocks amid modest rise
The USDA lifts 2014 15 corn ending stocks to 1.83 billion bushels, ahead of March projections, driven by reduced feed and residual use. Soybean ending stocks fall to 370 million bushels, in line with forecasts, from 385 million previously. Analysts note the report provides little new information.
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Jobless claims hit 15-year low signaling strong labor market
Fewer Americans filed for unemployment benefits over the past four weeks than since June 2000, with the four week average at 282,250 and weekly claims at 281,000 for the latest period. The Labor Department notes continued improvement as hiring pace steadies after a slower first quarter.
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