US inventories have dropped to a nine month low
Declining US corn supply underlines surge in futures, US inventories have dropped to a nine month low and have declined by 15% from a year eariler.
Corn futures gained 6.7% this week alone due to lower global outlook and rising demand for gain based ethanol.
Soybeans futures fell for May delivery based on lower margins to produce animal feed and cooking oil from soybeans and this will reduce demand from China.
Soybeans have climbed 46% in the past year due mainly to Chinese demand.
