World: USDA grain report for the month of December

The United States Department of Agriculture (USDA) released a new monthly report on global grain supply and demand on Friday. His figures did not generate large movements in prices, but they did leave some certainties, such as that US soybean stocks will need a record 2023/2024 campaign to come out of a very low level or that US corn external sales are prospering. disappointing results or that the European Union and Russia will continue to manage the wheat export market, where the supply from Australia seems to show no impact from the floods and where Argentina will have an almost token presence after the double whammy dealt by the drought and late frosts. Below we offer the main aspects contained in the official report: SOYBEANS In the United States, the USDA estimated the volume of the soybean crop at 118.27 million tons, unchanged from November. There were also no changes for total use, which remained at 64.48 million, and for exports, which were sustained at 55.66 million. ...