As far as today's numbers for old crop U. S. corn, well, USDA lowered ending stocks by 50 million bushels. Keep in mind, the trade expected a 70 million bushel decline on these numbers here. Feed residual was raised by 25 million bushels and corn for ethanol was raised by 25 million bushels. One thing we will point out about this balance sheet change is there is no change for exports estimates.
Listen in as Chief Strategist, Rich Nelson, breaks down the Quarterly Grain Stock and Planting Intensions Report. Big day for the corn market as USDA finds 4 million less corn acres will be planted compared from last year.
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Energy Enthusiast
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I love to trade, not wheat.
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