USDA reduces global soybean supply and adjusts corn

The monthly update on the international grain market brought new adjustments to supply and demand projections, with revisions affecting soybeans and corn in different regions. The report from the United States Department of Agriculture indicates a reduction in global soybean production, now estimated at 421.75 million tons, while final stocks decline to 121.99 million tons. In Brazil, the soybean production projection remains at 175 million tons, but final stocks fall to 36.36 million tons. Exports advance slightly to 112.5 million tons. In the United States, production is reduced to 115.75 million tons, with a drop in productivity to 59.41 bags per hectare. Final stocks reach 7.89 million tons and exports are adjusted to 44.5 million tons. Argentina maintains its production estimate at 48.5 million tons, but records a drop in final stocks to 22.85 million tons and an increase in exports to 8.25 million tons. In China, production remains at 21 million tons, and final stocks rise ...