An ag economist says a significant increase in global corn ending stocks was a surprise in a largely unsurprising USDA global supply and demand report.

USDA’s global corn ending stocks estimate was increased by 13 million metric tons.

The University of Missouri’s Ben Brown…

“Seventy-seven percent of that increase came from ending stocks in China on increased production for last year and then, also increased beginning stocks for last year,” he said.

…