*Significant changes are highlighted ’14/’15 Corn o Ethanol grind was reduced 25 million bushels leaving ending stocks near estimates. ’15/’16 Corn o No changes. o Ending stocks were projected at 1.77 billion bushels or 47.0 days of use and above private estimates. ’14/’15 Soybeans o Crush and exports were revised higher by 10 million bushels leaving ending stocks at 330 million and below private estimates. ’15/’16 Soybeans o Crush was increased 5 million bushels leaving ending stocks below private estimates at 475 million bushels or 46.4 days of use. Other Markets o Brazil corn production was revised higher by 3 million metric tons on higher area and yield nearly matching the record 12/13 season. This left world stocks projected at a record high 197 million metric tons. Click below for a downloadable pdf file. June ’15 USDA World Agriculture Supply and Demand Estimates