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USDA 1.12.23 Supply/Demand Recap

Report Highlights

  • Corn and Soybean Markets React to Surprises in Jan 12 USDA Report
  • USDA lowered US 2022 corn crop more than expected. They also lowered US exports.
  • USDA lowered US 2022 soybean crop more than expected. They also lowered US exports .
  • USDA estimated US 2023 winter wheat acres more than expected.
  • March soybeans and March corn is higher on lower US supply.


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