CHICAGO, May 12 (Xinhua) -- Grain futures in Chicago Board of Trade gained a little on Tuesday after the U.S. Department of Agriculture released its latest monthly supply and demand report.

    Soybean future for July delivery gained 1.5 cents to 11.175 U.S. dollars per bushel. July corn rose 6.25 cent, closing at 4.275 dollars a bushel. July wheat was up 2 cents, settled on 5.9275 dollars per bushel.

    The USDA posted the supply and demand report for May, which was considered bullish to corn, but neutral to soybean and wheat.

    According to the report, USDA pegged 2008/09 U.S. ending corn stocks at 1.6 billion bushels compared to 1.7 billion bushels last month, a little lower than traders' expectations of 1.68 billion. Ending stocks for 2009/10 were lowered to 1.145 billion bushels, well below trade expectations of 1.285 billion. What's more, U.S. total corn usage for 2009/10 is expected to reach 12.56 billion bushels, up 420 million from this season.

    The report lowered soybean ending stocks for 2008/09 to 130 million bushels, slightly higher than traders' expectations. At the same time, Argentina's soybean crop output was cut to 34 million tones from 39 million on last month's report. Argentina harvested 46.2 million tons soybeans last year.

    Although U.S. 2008/09 wheat ending stocks was lowered to 669 million bushels, about 20 million bushels below the estimates, world ending stocks for the current marketing year were raised by about 9 million tones to 167 million.

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