USDA's release of the Quarterly Grain Stocks report on March 31 will provide an estimate of corn stocks in storage as of March 1, 2017. This estimate provides the ability to calculate the magnitude of feed and residual use of corn during the second quarter of the marketing year. The calculation offers the basis for evaluating the probable feed and residual use during the entire marketing year and imparts information on the potential size of ending stocks. While the planting intentions estimates released on the same day in the Prospective Plantings report will likely eclipse the information provided in the Quarterly Grain Stocks report, the estimated corn stocks have important implications for the current marketing year.
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