Each month USDA updates various estimates of supply and demand and revises its moving target for where stocks will end at the end of the marketing year, August 31 for corn and soybeans and May 31 for wheat. December is typically a month with minimal changes. USDA does not update production on this report. Only minor changes to demand are normally seen.
Corn: There was no change to the old crop ending stock estimate from the November report 2.114 billion bushels.
New crop stocks were left unc
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