 Corn and soybean futures surged Tuesday after the U.S. Department of Agricultures January World Agricultural Supply and Demand Estimates, or WASDE, slashed projected ending stocks for both commodities, reflecting cuts to last years U.S. production estimates and a worsening outlook for South American crops. March corn futures jumped 25 cents, the daily limit, to 5.17 14 a bushel, a gain of 5.1. 