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USDA Nov 9th Supply/Demand Recap

Report Highlights

  • No major standouts
  • USDA decided to wait another 30 days to address lower corn exports and South America weather
  • USDA left Russia wheat crop unch
  • USDA may also wait another 30 days for Ukraine export corridor
  • USDA left China imports unch despite lower buying pace and increase cases of Covid and slower economy
  • USDA did increase slightly US 2022 corn and soybean crops

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