USDA sees stronger crop exports
The U.S. Department of Agriculture (USDA) raised projections for U.S. corn and soybean exports in its latest World Ag Supply and Demand Estimates (WASDE) last week, reflecting changes in trade caused by the war in Ukraine and drought in South America.
The USDA raised soybean exports by 40 million bushels to a total of 2.09 billion bushels due to reduced supplies in South America. Ending stocks of soybeans subsequently slid 40 million bushels to 285 million. The...
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