USDA raised U.S. old crop corn ending stocks by five million bushels in the latest report to 2.1 billion bushels. New crop corn ending stocks increased by five million bushels 3.3 billion bushels. USDA left corn acres at 97 million, with a yield of 178.5 bushels per acre. USDA also left the corn used for ethanol and the feed and residual use unchanged from last month. The season average farm price for corn is unchanged at $3.20 per bushel.
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