Grain Futures Fall Following Latest WASDE Report
In the latest World Agricultural Supply and Demand Estimates (WASDE) report, the USDA outlook for 2023/24 U.S. corn calls for fractionally larger supplies and ending stocks.
Production for 2023/24 is forecast 55 million bushels higher as greater planted and harvested area from last month's annual Acreage report is partially offset by a 4.0 bushel reduction in yield to 177.5 bushels per acre.
Foreign corn production is projected fractionally higher with increases for Canada and Ukraine, which are partly offset by a reduction for the EU...
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