The U.S. Department of Agriculture (USDA) made a slight increase to the U.S. corn crop in the January World Agriculture Supply and Demand Estimates (WASDE) report. The USDA now estimates the crop at 15.11 billion bushels compared to 15.06 billion bushels last month. 

Harvested corn acres were increased by 300,000, which led to this increase. This is a full 1 billion bushels larger than the previous year’s crop. 

U.S. corn carryout was estimated at 1.54 billion bushels, up from last month’s 1.49...