WASDE Data Shows Reduced Global Corn Production
The USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday.
The data showed unchanged feed and residual use along with unchanged ending stocks for corn. Corn imports were lowered by 10 million bushels based on observed trade to date. The season-average farm price was flat at $6.60 per bushel.
Global coarse grain production for 2022/2023 is forecast 3.3 million tons lower on decreased production, trade, and stocks relative to last month in foreign markets...
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