Corn Little Changed
July Corn is trading at 359 3/4, down 1 1/4 cents. December Corn is trading at 375 1/2, down 1/4 of a cent. Trading has been range-bound.
The USDA reported that old crop ending stocks were 1.851 billion bushels. New Crop estimates by the USDA are 1.746 billion bushels. Yields are estimated to be 166.8 bushels per acre. World ending stocks for the 2015/2016 growing season are estimated to be 191.94 million tons.
Chatter about weather is likely to become more pronounced.
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