USDA releases bearish WASDE data04/08/2011 - 04/19/2011
Corn feed usage offsets a projected bump in ethanol use, yielding a U.S. corn ending stocks number unchanged from a month ago, according to Friday's USDA World Supply/Demand (WASDE) Report.
Friday's report shows total 2010/2011 corn ending stocks are 675 million bushels, a number, a number sharply higher than most market analysts expected, and one that will be bearish for Friday's trade.
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