UIUC Weekly Outlook: Revisiting Recent Corn Stocks Estimates

"The recent decline in corn prices has resulted in profitable margins for almost all users of corn, suggesting that prices are low enough to encourage an increase in consumption. The USDA's October reports will provide a new benchmark for evaluating consumption. After that, weekly estimates of exports, ethanol production, and broiler placements will provide information to gauge the pace of consumption relative to projections and to judge the price level," he said.