Global corn production has been reduced by the USDA

In its new supply and demand report for agricultural products, the United States Department of Agriculture (USDA) ended up raising global corn production, but increasing ending stocks. In this context, the world is expected to produce a total of 1,147.52 billion tons of corn, against 1,151.36 billion in the previous report, with ending stocks rising from 295.28 million to 296.46 million tons. In Brazil, only ending stocks were changed and down. Thus, Brazilian corn production should remain at 125 million tons, as stipulated in the previous report, as well as exports, which should remain at 50 million tons. Ending stocks were reduced from 7.55 million tons to 7.05 million tons. For the United States, corn production was revised and maintained at 348.76 million tons, with productivity at 181.28 bags per hectare. Furthermore, exports were reduced from 48.9 million tons to 46.99 million tons and ending stocks were increased from 32.18 million tons to 34.09 million tons. Argentina ...