The US Department of Agriculture (USDA) again revised down US corn ending stocks for the 2014-15 crop year due to higher projected exports and feed use. Its March World Agricultural Supply and Demand Estimates (WASDE) reported projected US corn ending stocks at 1.8bn bushels, down 50m bushels from last month and down 220m from December. While corn ethanol use was reduced by 50m bushels, exports and feed use are both projected to increase by 50m bushels.
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