USDA Cuts Corn Inventory Forecast to 1.79 Billion Bushels

CORN-0.14%
According to the U.S. Department of Agriculture, the projected end-of-year corn inventory stands at 1.79 billion bushels, down from the USDA's previous estimate of 1.96 billion bushels. Market analysts had anticipated 1.9855 billion bushels, placing the USDA's latest forecast below both prior expectations.
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