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Black Sea consulting firm SovEcon raised its 2023 Ukrainian corn crop estimate by 900,000 MT.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net recaps the December WASDE and explains why grains end lower after the report.
Weekly overview of ag commodity market news & price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.
The world stocks to use ratios were not raised in the December WASDE, which was a victory for the market.
Despite weather concerns sprouting in Brazil, USDA didn’t make any major adjustments to the South American crop in Friday’s reports. Increased demand from China and Mexico prompted USDA to trim U.S. ending stocks.
The company, with sales of $94 billion last year, will create legally separate entities for the three units, trade union IGBCE said in a statement on Thursday, which was confirmed by a company spokesperson.