In the latest USDA Grain and Oilseed Outlook, the agency is expecting U.S. corn ending stocks at the end of the current marketing year at 1.5 billion bushels. The new crop corn production is based on 92 million acres and a record 179.5 bushels per acre. This may result in the production of 15.1 billion-bushels. USDA increased demand for feed, exports and ethanol for the 21/22 marketing year, with ending stocks at the end of the new crop marketing year estimated at 1.55 billion bushels.
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