U.S. corn stocks view rises as exports fall – government
U.S. corn supplies will be bigger than previously thought as the country’s export program faces stiff competition from a massive crop in Brazil, the government said on Wednesday.
Domestic end stocks of corn for the 2022/23 marketing year were pegged at 1.342 billion bushels, the U.S. Agriculture Department said in its monthly World Agricultural Supply and Demand Estimates report.
That compares with the government’s February outlook for 1.267 billion bushels. Analysts had expected the March report to show U.S. corn ending stocks of 1.308 billion bushels, according to the average of estimates given in a Reuters poll.
Read also
Wheat in Southern Brazil Impacted by Dry Weather and Frosts
Oilseed Industry. Leaders and Strategies in the Times of a Great Change
Black Sea & Danube Region: Oilseed and Vegoil Markets Within Ongoing Transfor...
Serbia. The drought will cause extremely high losses for farmers this year
2023/24 Safrinha Corn in Brazil 91% Harvested
Write to us
Our manager will contact you soon