Urner Barry Releases January Soy & Wheat Report
In the latest WASDE report, the USDA reported the 2022/23 U.S. wheat outlook in January is for increased supplies, larger domestic use, unchanged exports, and lower ending stocks. Supplies are raised on higher beginning stocks as reported in the National Agriculture Statistics Service (NASS) Grain Stocks report. Feed and residual use is increased 30 million bushels to 80 million bushels based on higher second-quarter implied disappearance based on the Grain Stocks report. The season-average farm price is ...
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