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Sponsored in part by Copyright 2018 Steiner Consul ng Group, DLR Division, Inc. All rights reserved. Vol. 16, No. 49 / March 9, 2018. Normally we do not expect USDA to make any signi cant updates Corn Supply and Use to its corn balance sheet in March but the recent pace of corn exports caused the latest USDA numbers to vary signi cantly from expecta ons. Prior to the 2015/16 2016/17 2017/18 % Change 2018-19. report analysts polled by Reuters said they expected US corn ending stocks for USDA USDA USDA USDA vs. vs. USDA Outlook the 2017-18 marke ng year to be billion bushels, with the low end of the Actual Estimate Feb Est Mar Est 2015/16 2016/17 Forum range at billion.

Vol. 16, No. 49 / March 9, 2018 Normally we do not expect USDA to make any significant updates to its corn balance sheet in March but the recent pace of corn exports caused

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