UGA says decline was due to ‘inspection delays’ by Russian officials.

Work stoppage would have crippled agriculture industry.

Stocks-to-use ratio seen declining to the lowest mark since 2013-14.

Corn futures also lower on export concerns.

Country aiding Ukraine in exporting grain during war with Russia.

Calls for usage of 20.82 billion gallons next year.

Harvest is expected to reach 90 million tonnes, shattering previous record. 

It awaits signature by President Biden.

It still is 6.3% above its November 2021 level.

Marius Hermes previously worked as sales manager for the company.