Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 12/18/17

The USDA releases the estimate of corn stocks held in the U.S. on January 12. On the same date, the final estimate of the size of the 2017 corn crop is revealed. The estimates show the level of corn consumption during the first quarter of the 2017-18 marketing year. These estimates allow for an updated projection of the level of stocks likely to be on hand at the end of the marketing year and will provide an indication of the direction for corn prices through the spring.

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