Based on stronger world imports and the rising pace of shipments in recent weeks, the latest World Agricultural Supply and Demand Estimate (WASDE) report projected corn exports to be 25 million bushels higher.
U.S. feed grain ending stocks for 2013-2014 were reduced by the U.S. Department of Agriculture (USDA) due to the projected increase of corn exports and lower oats imports, according to Drovers CattleNetwork.
The season-average farm price for corn was narrowed by 5 cents on both ends to $4.25 to $4.75 per bushel.
The full report can be found here.