NEWS
USDA Reports Summary
Chris Clayton DTN Ag Policy Editor
Fri Jan 11, 2013 11:00 AM CST

WASHINGTON (DTN) -- While USDA bumped up corn production numbers in its January report released Friday, quarterly stock reports for corn still came in below all pre-report estimates from traders.

USDA's World Agricultural Supply and Demand Estimates pegged quarterly corn stocks in early December at just over 8 billion bushel, which came in below even the lowest trade estimates.

The WASDE report lowered U.S. corn exports for the marketing year by 200 million bushels. If that holds, the U.S. will export 593 million bushels less than the 2011-12 marketing year. The WASDE report raised domestic feed and residual corn use ...

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