This month’s 2017/18 U.S. corn outlook is for larger supplies, greater feed and res­­­i­dual use and higher ending stocks, the U.S. Department of Agriculture (USDA) said in its World Agricultural Supply and De­­mand Estimates (WASDE) re­­port last week.

Corn beginning stocks are raised 75 million bushels, reflecting lower feed and residual use in 2016/17 based on indicated...