USDA has lowered its forecast of the U.S. corn stockpile for five months in a row and the current estimate, of 1.33 bln bu, is down 29 pct from November, when growers were harvesting a record-large crop, writes economist Darrel Good of U-Illinois. Exports, corn-for-ethanol and livestock feed use all are up. “Based on current… » Read More
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