WASDE: U.S. Grain Stocks Reduced on Higher Corn Exports
COARSE GRAINS: Projected U.S. feed grain ending stocks for 2013/14 are reduced with higher corn exports and lower oats imports. Corn exports are projected 25 million bushels higher on stronger world imports and the rising pace of shipments in recent weeks. Continued strong export sales also support the higher figure. Projected corn ending stocks are lowered 25 million bushels. Oats imports are projected 10 million bushels lower as Canadian logistical problems reduce the availability of importable supplies. Small reductions in U.S. oats domestic use and ending stocks are projected. The season-average farm price for corn is narrowed 5 cents on both ends of the projected range to $4.25 to $4.75 per bushel. Price ranges are similarly narrowed for sorghum and oats. The barley farm price is raised 10 cents on the low end of the range to $5.95 to $6.25 per bushel based on recently higher reported prices for feed barley....continuedThe reaction since the report was issued at 12:00EDT:
