Allendale Special Update: USDA Supply and Demand Report - December 2023

Rich Nelson delivers an Allendale report, detailing the updates from the USDA's supply and demand report launched on December 8, 2023. The report presents minor changes to U.S. and worldwide corn and soybean end stocks, while not forgetting the adjustment in the U.S wheat export sales. Some changes in the Russian, Ukrainian, and Mexican corn crops are also covered. The report suggests awaiting the January reproductive phase of the Brazilian soybean crop before making significant shifts to U.S. export sales estimates.

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Rich Nelson
Chief Strategist
Rich writes daily for Allendale and is a frequent guest on various radio stations around the country.

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