CHICAGO, April 9 (Reuters) - U.S. corn supplies will shrink
by more than previously forecast due to rising demand from the
ethanol, livestock feed and export sectors, the U.S. Agriculture
Department said on Friday.
In its monthly World Agricultural Supply and Demand
Estimates report, USDA forecast that the domestic corn stockpile
will fall to 1.352 billion bushels by Sept. 1, down from 1.919
billion bushels in September 2020. That compares to the
government's March outlook for corn ending stocks of 1.502
Analysts had been expecting the report to show corn stocks
of 1.396 billion bushels, according to the average of estimates
in a Reuters poll.
(Reporting by Mark Weinraub; Editing by Caroline Stauffer)