Strong demand changes crop balance sheets

Strong demand changes crop balance sheets

Grain trade's focus shifting to South American production and demand.

THE U.S. Department of Agriculture's National Agricultural Statistics Service released the latest "Crop Production" and "World Agricultural Supply & Demand Estimates" reports on Dec. 10, revealing some small supply/demand surprises.

USDA slightly reduced U.S. corn ending stocks to 1.998 billion bu. after the food, seed and industrial use category was raised 10 million tons due to increased use of corn sweetener (Table 1). The average pre-report

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