From Meatingplace (http://www.meatingplace.com/Industry/News/Details/79570), a summary of the May World Agricultural Supply and Demand Estimates (WASDE) for 2018-2019 in the US:

• Total corn supplies down at 16.3 billion bushels, 675 million lower than last year.
• Ending corn stocks down at 1.7 billion bushels, 500 million bushels lower than last year.
• Total US corn use in 2018-2019 is forecast to decline modestly from a year ago.
• Yet, industrial use for ethanol and is expected to increase.
• U.S. corn exports are forecast to decline 125 million bushels in 2018-19.
• If the above is realized, the season-average farm price for corn is projected at $3.30 to $4.30 per bushel, up 40 cents at the midpoint from 2017-18.
• The global coarse grain outlook for 2018-19 is for higher production, increased use and lower ending stocks.