Small adjustments in stocks
The U.S. Department of Agriculture’s (USDA) World Agricultural Supply and Demand Estimates (WASDE) report released last week showed no surprises, analysts said.
This month’s 2017/18 U.S. corn outlook was for reduced feed and residual use, slightly lower food, seed and industrial (FSI) use, and increased ending stocks. Those adjustments were small and reflected larger than expected stocks in the recent quarterly grain stocks report released on March 29, according to the Daily Livestock Report.
The projected range for the season-average corn price received by producers is $3.20 to...
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