McLean County Farm Bureau

USDA REPORTS REVIEW: CORN GIVES UP GAINS, WHEAT FINISHES STRONG FOLLOWING APRIL WASDE –

The April 9 USDA World Agricultural Supply and Demand Estimates (WASDE) report featured a slightly larger than expected cut in U.S. ending corn stocks to 1.352 billion bushels (bb), as exports, as well as corn use for ethanol, feed and residual, were all raised. Soybean ending stocks were left unchanged, despite a rise in export sales, while domestic wheat ending stocks came in a bit higher than expected due to a cut in feed and residual. (DTN)