Global production being monitored

There is growing debate in the market over the accuracy of global production estimates, mainly in South America. 

In the October World Agricultural Supply and Demand Estimates (WASDE) report, the USDA projected Brazilian crops of 152 million metric tons of soybeans and 126 million metric tons of corn during the 2022-23 growing season. 

These are considerably larger than this year’s crop of 126 million metric tons...