In Tuesday’s report, USDA lowered the corn yield to 179.6 bushels per acre, down 1.6 bushels per acre from October. Corn ending stocks declined 91 million bushels. The soybean estimate was bumped 0.2 bushels per acre to a record 53.3 bushels per acre. Soybean ending stocks fell 15 million bushels. No major changes were seen in wheat.
