The June WASDE Report was fairly benign as expected, but with a few interesting head scratchers. U.S. ending stocks on corn were raised on the new crop category to 1.4 bb with a 50 mb drop in exports and USDA raised world ending stocks by 5.3 mmt with an increase in Ukraine production. Soybean ending stocks were lowered 30 million bushels, with an increase in exports. Wheat production was raised 8 mb and ending stocks were raised the same amount to 627 mb. Michelle Rook has analysis with Matt Bennett of AgMarket.Net.
WASDE Benign as Expected
The June WASDE Report was fairly benign as expected, but with a few interesting head scratchers.
June 13, 2022 08:54 AM
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