U.S. corn production was little changed in the November supply and demand report from the U.S. Department of Agriculture (USDA). The average corn yield increased 0.5 bushel per acre to a 177 bushel per acre forecast. 

Total corn production increased 43 million bushels to 15.06 billion bushels total. Corn use increased 50 million bushels due to elevated ethanol demand, and this was enough to lower ending stocks to 1.49 billion bushels, 7 million bushels less than in October. The cash corn value...