Corn
In today’s report, old crop corn ending stocks were lowered 193 million bushels from last month to 988 million bushels and reflect the September 29 Grain Stocks report. Feed/residual use was increased 162 million bushels; food, seed, and industrial uses increased 31 million bushels; and imports and exports offset each other with 3 million bushel increase for imports and the same for exports. The stocks to use ratio dropped from 9.6% to 7.9%. Continue reading