NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Tue Dec 10, 2013 11:00 AM CST

WASHINGTON (DTN) -- USDA gave corn demand a 100 million bushel boost by increasing ethanol production and exports by 50 mb each. USDA also noted that a record Canadian corn crop will increase U.S. corn imports by 5 mb, resulting in a 95 mb reduction to U.S. ending stocks.

That puts the domestic ending stocks figure toward the low end of pre-report estimates at 1.79 billion bushels. The stocks-to-use ratio also declined from 14.6% last month to 13.7%.

USDA incorporated the latest Statistics Canada data into its world estimates, leading to a 5 million metric ton increase in global wheat ...

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