USDA expects record world 2020/21 corn production and use and larger ending stocks. Ending stock are expected to be 339.6 million metric tons. Global soybean production is forecast to be up 26.6 million tonnes to 362.8 million, with the Brazil crop increasing seven million tonnes to a record 131 million tonnes. Argentina’s soybean crop is expected to up 2.5 million tonnes to 53.5 million tonnes.
