The key highlights from this report include:
- Corn: The USDA has left all numbers unchanged for old crop corn, with stocks remaining at 2.172 billion bushels. There were minor changes in world numbers, with Argentina's increasing by 1 million tons and slight decreases in Russia, South America, and Ukraine. Notably, China's numbers remained unchanged.
- Soybean: For soybeans, the USDA left exports and crush unchanged, resulting in stocks remaining at 315 million bushels. Argentina's crop was unchanged at 50 million tons, while Brazil's crop saw a minor decrease of 1 million tons. China's import numbers were significantly raised by 3 million tons.
- Wheat : The domestic balance sheet for wheat saw export estimates lowered by 15 million tons, leading to an increase in ending stocks to 673 million. World numbers showed slight increases in Argentina, Australia, and Russia's crop production.
