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Corn futures are mostly 19 cents higher at midday. The quarterly Grain Stocks report shows that US planted corn acreage is 88.897 million acres, a slight decrease from March 31 intentions of 89.199 million acres. Pre-report trade estimates had it at about 89.136 million acres. The USDA also reported that corn stocks were 4.447 bbu as of June 1. Estimates averaged 4.555 bbu, with a 281 mbu range from 4.419 to 4.700 bbu. The weekly Crop Progress report yesterday showed that corn conditions continue to slip, with 68% good to excellent, down three percentage points from a week ago. The Brugler500 Index now has corn down 6 points from last week to 372. There is now 4% of the corn silking, compared to the five-year average of 8%. The Chinese agricultural minister stated that China plans to decrease corn acreage next year, due to large corn stocks, and an estimated record 2015 production.