Shifts in Corn Consumption
Alan Brugler DTN Contributing Analyst
Tue Sep 30, 2014 04:56 PM CDT

The USDA Grain Stocks report released Tuesday showed Sept. 1 corn stocks of 1.236 billion bushels, up from 821 million bushels in September 2013. The figure was above the average trade estimate for the sixth time in the past eight years. The September report continues to be the most difficult quarterly report to forecast, a subject I have covered in previous columns. The uncertainties about feed and residual use and consumption of some new-crop supplies in the old-crop slot are the largest contributors to this uncertainty.

This report was actually a fairly small "miss" for the trade by recent standards, ...

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