U.S. raises estimate for domestic corn inventories, production
CHICAGO, Nov 9 (Reuters) - U.S. corn supplies will be bigger than previously thought as production increased from earlier estimates, the government said on Wednesday.
U.S. end stocks of corn for the 2022/23 marketing year will be 1.182 billion bushels, according to the U.S. Agriculture Department's monthly World Agricultural Supply and Demand Estimates report.
That compares with the government's previous forecast for 1.172 billion bushels. Analysts had been expecting corn ending stocks of 1.207 billion bushels, according to the average of estimates given in a Reuters poll. (Reporting by Tom Polansek and Mark Weinraub)
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