USDA Predicts Record Corn Production, Bearish News for Soybeans
TL;DR
The USDA's World Agricultural Supply and Demand Estimates (WASDE) report for July forecasts a record corn crop at 15.32 billion bushels, despite lowering the corn yield estimate to 177.5 bushels per acre. The soybean ending stocks forecast for the new-crop season was lowered to 300 million bushels, while wheat production estimates were increased. The report also provided updates on global exports and ending stocks for corn, soybeans, and wheat.
Topics:businessagriculture#agriculture#corn-production#global-exports#soybean-ending-stocks#usda#wheat-production
- USDA Forecasts Record Corn Production DTN The Progressive Farmer
- USDA makes atypical corn yield revision - Crops Farm Progress
- Soybeans, corn were up, watching weather and preparing for USDA numbers: Market Minute for 7/11/23 Brownfield Ag News
- Bullish, bearish or wait and see? - Bullish, bearish or wait and see? Farm Progress
- USDA report bearish news for corn and soybeans Successful Farming
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on DTN The Progressive Farmer