USDA lowered new crop corn ending stocks from 1.47 billion bushels to 1.38 billion in Friday’s Supply and Demand report. The season average corn price is unchanged at $6.65 per bushel. Soybean ending stocks are raised 15 million bushels to 245 million bushels. The season average soybean price is down five cents per bushel to $14.35 per bushel. Wheat ending stocks are down 29 million bushels to 610 million bushels with the season average price down $1.25 per bushel to $9.25 per bushel.
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