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World feed grain supplies are tight

World feed grain supplies are tight

The industry has been aware that the old-crop fundamental structure is tightening because of the problems in South America this year. But we don’t think the industry was expecting the USDA’s first official new-crop world feed grain supply/demand to be as tight as it was. The USDA expects the world stocks to decline 37 million metric tons (mmt) in the coming year; 19...




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