Corn Futures Lower After USDA Supply and Demand Report

The USDA World Agricultural Supply and Demand Estimates Report (WASD) was released Thursday. The USDA report showed ending corn stocks of 2.32 billion bushels, unchanged from the agency report last month. Global corn ending stocks were 220.7 million tonnes versus 217.56 million tonnes on the February report. The USDA estimated Brazil's corn production at 91.5 million tonnes and Argentina's corn production was estimated at 37.50 million tonnes. May Corn is trading at 365 1/2, down 1 1/2 cents/bushel. July Corn is trading at 372 3/4, down 1 3/4 cents/bushel. December Corn is trading at 386 1/2, down 1 3/4 cents/bushel.