USDA SHOCKS CORN MARKET WITH SURPRISE SUPPLY BOOST

USDA's October crop report blindsided corn traders, raising the U.S. yield estimate to 181.2 bushels per acre from 178.5 in September. The upgrade lifted projected ending stocks to 1.85 billion bushels, 282 million above last month's forecast, pointing toward one of the largest corn harvests on record. Traders had bet on a smaller crop, not a bigger one. $CORN