A quiet March WASDE

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 [...]

Higher sugar stocks: Lower use, not lower demand for U.S. sugar?

USDA now estimates beginning sugar stocks for the 2018/19 marketing year at 2.008 million short tons raw value (STRV). The bump in estimated stocks comes from a reduction in miscellaneous use in USDA’s February WASDE report, which is explained as an adjustment to data [...]

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