US corn stocks fuel doubts over USDA feed data
Larger than expected US corn stocks are leading analysts to expect a lower USDA livestock feeding estimate. The data has renewed questions about the accuracy of agency crop reports amid declining survey response rates.
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United States grain inventories rose to 2 billion bushels, prompting analysts to expect a downward revision in livestock feeding data. The higher storage figures challenge prior agricultural metrics. Market participants are questioning historical demand models.
