USDA 12-8-23 - MarketForum

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USDA 12-8-23

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Started by metmike - Dec. 14, 2023, 9:58 a.m.

Busy with chess this time of year and catching up.

Karen Braun @kannbwx

USDA reduces 23/24 production for #Brazil's #soybeans but also increases the 22/23 soy crop by 2 mmt. No change to Brazil #corn despite expected cut. No changes to #Argentina, including #wheat estimate (23/24 still at 15 mmt).

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Re: USDA 12-8-23

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By metmike - Dec. 14, 2023, 9:59 a.m.

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Karen Braun @kannbwx

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U.S. #corn and #wheat ending stocks come in below expectations on increases in exports. Balance sheet for #soybeans is unchanged.

Re: Re: USDA 12-8-23

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By metmike - Dec. 14, 2023, 9:59 a.m.

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Karen Braun @kannbwx

World highlights:#Soybeans: China imports +2 mmt to 102 mmt, old Brazil crop +2 mmt, new Brazil crop -2 mmt#Wheat: Aussie/Canada crops up, China imports +0.5 mmt, Ukraine exp +0.5 mmt#Corn: Ukraine crop +1 mmt, China imp unch at 23 mmt, US exports up, SAM exp unch