April WASDE Highlights

Wheat and corn saw minor balance sheet changes. Wheat ending stocks are raised 30 million bushels to 1.064 billion, all on lower feed and residual use.  The corn balance sheet saw Food/Seed/Industrial (FSI) use lowered 5 million bushels, as a 10-million-bushel reduction in corn used for glucose and dextrose is partially offset by a 5-million-bushel increase in corn used for starch. Projected feed and residual…