WASDE Reports Lower Corn End Stocks Than Forecast

Hyperdash NewsCommodities

The USDA's latest World Agricultural Supply and Demand Estimates (WASDE) report indicated lower corn end stocks than anticipated. Actual corn end stocks registered at 1,790 million bushels, falling short of the 1,889.5 million bushels forecast. This figure also represents a decrease from the 1,960 million bushels reported previously.

The reduction in corn end stocks suggests a tighter supply in the market. This could lead to upward pressure on corn prices. Such supply-side shifts are closely watched by traders in agricultural commodities. On Hyperdash,

WTI Crude is up +0.29% since the news.

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