StoneX raised its forecast for the US corn crop
In their November report, StoneX analysts raised their forecast for the U.S. corn crop in 2023 to 15.302 billion bushels, up from 15.282 billion bushels in the previous estimate.
Experts also increased the forecasted yield of the American grain crop to 175.7 bushels/acre against 175.5 bushels/acre earlier.
On the contrary, the forecast of soybean production in the U.S. was reduced from 4.175 billion bushels to 4.162 billion bushels amid a decrease in the forecast of oilseed yield to 0.3 (0.4) bushels/acre.
Read also
Romania plans to restrict unscheduled freight train access to Constanta port
Global blueberry market faces tighter supplies and rising prices
China’s used cooking oil exports surge 55%, with Europe becoming the largest...
Kazakh flaxseed prices surge in Europe amid transit restrictions
Global food inflation intensifies amid declining grain shipments and rising logist...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon