New corn crop trade estimates are slightly higher than expected at 1.682 billion bushels while global inventories are well below the average.
The upcoming May WASDE reports may reflect optimism for corn futures as bushels' average continue to rise while soybean is expected to drop slightly.
Amid trade wars between the U.S. and China, corn stocks remain steady. Experts see a favorable market for corn in the coming days.
Corn shook up the agricultural stock market, ending with a massive close at 175 million bushels for exports and 2.127 billion bushels for ethanol.
The corn market has been stagnated for a while but corn prices may recover and could potentially rise.