U.S. corn supplies are reduced from last month as a smaller crop more than offset larger beginning stocks. In Friday’s USDA report, the agency lowered corn ending stocks 253 million bushels on increased exports of 100 million bushels. USDA also lowered ethanol demand by 100 million bushels leaving corn ending stocks at more than 2.5 billion bushels. U.S. soybean supplies were reduced by 150 million bushels to 460 million bushel and wheat supplies were unchanged from August at 925 million bushels.
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