The USDA is now expected reduced corn use for ethanol in the U-S this crop year.
However, the department figures that's going to be offset by an increase in projected feed and residual use.
So the USDA's latest WASDE report has lowered it's projected U-S ending corn stocks by 50 million bushels.
The department has the season-average farm price for corn in the U-S at between 3.50 and 3.90 a bushel.
It's forecasting global corn ending stocks will be 4 point 4 million tons lower than in it's February report.
No significant change in the department's U-S soybean stocks forecast - still looking at an 8 year high of 385 million bushels.
The U-S projected season-average soybean price range for the crop year is from 9.45 to 10.95 a bushel.
Global oilseed ending stocks, which include soybeans, are now expected to be up fractionally from last month's forecast.
The USDA has reduced it's expected U-S wheat ending stocks by 1 million bushels because of an increase in expected seed use.
It's global ending stocks are reduced fractionally with world supplies apparently falling faster than use.
