Home > News > USDA Lowers Corn Exports in Latest WASDE

USDA Lowers Corn Exports in Latest WASDE

Posted December 13, 2022
in Top Ag News

This month’s World Agricultural Supply and Demand Estimates (WASDE) report wasn’t exactly a market mover – not unusual for this time of the year. The USDA lowered the U.S. export forecast by 75 million bushels (mb) and raised ending stocks to 1.257 billion bushels (bb), in line with a pre-report from Dow Jones traders, who expected corn export forecasts to adjust downward due to sales being 48% lower than last year.

No other changes were recorded for corn and no changes were recorded for domestic wheat and soybean stocks. While the net effect of the report was insignificant, market focus will likely now turn to South American weather and demand.

Read more on the latest WASDE report and USDA export forecasts here.

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