USDA lowered 2019-20 global ending stocks for corn and soybeans, but raised global wheat ending stocks. Global corn production is forecast to be down 1.8 million tonnes to 1.39 billion tonnes. USDA lowered global soybean ending stocks by 600,000 tonnes to 95.4 million tonnes. The 2019-20 global wheat stocks are expected to rise 1.5 million tonnes to 288.3 million tonnes.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.