After the release of USDA’s quarterly stocks report, Midwest Market Solutions President Brian Hoops said the supply of corn and soybeans will be replenished quickly with this season’s crop. The corn estimate may have been tighter than some expected “because of strong ethanol demand and possibly strong usage for feed because cattle weights and hog weights are increasing. We’re probably using more feed usage there but that’s a big draw down. That’s the positive number for corn.”
