The March World Agricultural Supply and Demand Estimates (WASDE) report each year is typically a quiet one as the market looks ahead to grain stocks and prospective planting data released later in the month. And this year’s, released Tuesday, was no exception. The trade expected the report to show modest declines in domestic corn and soybean supplies given the recent pace of export sales, but USDA left those numbers — as well as grain export demand from China — basically unchanged from its February report. Though it caused a dip in prices immediately following the report’s release, the grains staged a recovery later in the day’s trade, and the market’s attention is expected to remain focused on export demand, adverse crop conditions in South America and the upcoming USDA Prospective Plantings report that will give the trade an idea of how farmers are planning to meet continued brisk grain corn and soybean export demand. See more from Tuesday’s WASDE report.