The March 2022/23 U.S. corn outlook is for lower exports and increased ending stocks compared to February estimates. USDA lowered exports by 75 million bushels due to the slow pace of shipments and sales. Ending stocks were raised, above expectations.
The 2022/23 U.S. soybean outlook this month is for increased exports and lower crush. The adjustments on the balance sheet led to reduced ending stocks, which were lower than average analysts’ expectations.
This month’s 2022/23 U.S. wheat outlook is unchanged, as expected for this period of the wheat marketing year.
The U.S. sugar outlook for March 2022/23 is for reduced supply, increased use, and reduced ending stocks. Ending stocks were down by 152 thousand short tons.
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