U.S. reserves on May 31 will be 558 million bushels, compared with 608 million bushels (16.5 million metric tons) forecast in January, the U.S. Department of Agriculture said today in a monthly report.
Weather concerns and falling expected crop quality are sending corn and soybeans higher.
Carryout expectations drop for corn, but funds remain on the sidelines. In soybeans, weather pushes prices higher.