US corn inventories drop ahead of record-large autumn harvest

CHICAGO, Sept 30 (Reuters) – U.S. farmers and grain handlers had 13% less corn in storage ahead of the autumn harvest than a year earlier, U.S. Department of Agriculture data showed on Tuesday, though a record-large crop was set to replenish inventories. The USDA said in a quarterly report that there were 1.532 billion bushels of corn in storage as of September 1. That was down from 1.763 billion bushels a year earlier and compared to analysts' expectations for 1.337 billion bushels. (Reporting by Tom Polansek)

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