Allendale’s AgLeaders features 2023/24 crop projections. January 24, 2023
Allendale has been clear about our concern for demand with a primary focus on exports and second on corn for ethanol. A rise in stocks, from 1.242 billion USDA 1/12 to 1.292 is an easy start for the next couple of months. It is very possible for this number to move into the high 1.3's later on. That would exaggerate the new crop supply increase more than what we are suggesting.
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