Corn Futures Bounce Following USDA Stocks Report
CBOT corn futures rose 0.6%, recovering from earlier weakness that followed the USDA's quarterly stocks report. Analysts noted the report was bearish due to higher-than-expected old crop corn stocks.
6% after the weakness seen following the USDA's quarterly stocks report. Naomi Blohm of Total Farm Marketing said in a note that yesterday's report was bearish, adding that it was convenient for the USDA to find more old-crop corn. The latest weekly export sales report also sho…