USDA raised left South America’s corn production unchanged with Brazil’s crop pegged at 101 million tonnes and Argentina’s corn crop at 50 million tonnes. Globally, old crop soybeans were estimated at 99.2 million tonnes, down from 100.3 million in May. New crop global soybean ending stocks are estimated at 96.3 million tonnes, down from 98.4 million in May.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.