CHICAGO- Chicago corn ended lower after the US Department of Agriculture assessed global supply and demand within analyst estimates.
Wheat strengthened as global supply shrank on Chinese feed consumption, while soybeans eased on larger stocks in South America.
The most active corn contract on the Chicago Board of Trade ended 2-1/2 cents lower at $5.77-1/4 per bushel, after reaching $5.95 in earlier trading.
CBOT wheat added 10 cents to $6.38-3/4 per bushel. CBOT soybeans fell 12-1/4 cents to $14.03 per bushel.
In its monthly World Agricultural Supply and Demand Estimates report, the US Department of Agriculture reported domestic corn stockpiles will fall to 1.352 billion bushels by Sept. 1, down from 1.502 billion bushels in its March outlook, but in line with analyst expectations.