Grains Unfazed By USDA Numbers February 8, 2023

World corn stocks were lowered from 296.4 million tonnes to 295.3. Argentina’s crop was lowered another 5 mt to 47. This was under the trade estimate of 48.5. USDA now sees the crop -15% from their original staring estimate of 55. Other estimates are 44.5 mt from the Buenos Aires Grains Exchange and the newly lowered 42.5 from the Rosario Grains Exchange. Brazil’s crop was left unchanged at 125.0.

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Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.