US Corn Stocks Expectedly Higher
The USDA lowered US ethanol, feed and residual, and exports. In total, use was slashed 200 Mil Bu. Ending stocks were pegged at 2,035 Mil Bu, slightly above the average of trade expectations of 2,013 Mil Bu. For the most part, the trade’s attention was focused on the USDA’s feed and residual projection after the…