July Corn is trading at 357 1/2, up 1/4 of a cent and December Corn is trading at 375 1/2, unchanged on the session. Trading is range-bound Thursday morning. Wednesday's USDA report showed old crop corn ending stocks at 1.876 billion bushels versus 1.851 billion on the May report. New crop ending stocks came in at 1.771 billion bushels versus 1.746 billion last month. New crop corn demand was unchanged. Global ending stocks for old crop was 197.01 million tonnes versus 192.5 million in May. Global ending stocks for new crop was 195.19 million tonnes versus 191.94 million on May's report.
