U.S. corn stocks outlook rises as ethanol usage falls
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CHICAGO, Feb 8 (Reuters) - Domestic corn supplies will be bigger than previously expected due to waning demand for ethanol, the government said on Wednesday.
The U.S. corn stockpile at the end of the 2022/23 marketing year would likely come in at 1.267 billion bushels, the U.S. Agriculture Department said in its monthly World Agricultural Supply and Demand Estimates report.
Analysts had been expecting the report to show U.S. corn stocks of 1.266 billion bushels, according to the average of estimates given in a Reuters poll. In January, USDA pegged corn stocks at 1.242 billion bushels. (Reporting by Mark Weinraub)
