USDA brings quarterly US soybean and corn inventories below average expectations

Published 2023년 3월 31일

Tridge summary

The USDA's report on the quarterly grain stocks as of March 1st showed lower than expected volumes of soybeans and corn, with soybean stocks at 45.86 million tons and corn stocks at 187.99 million tons, both below the average market expectations. On the other hand, wheat stocks came in slightly above expectations at 25.74 million tons. These figures represent a decrease in soybean and corn stocks from the previous year, while wheat stocks have increased slightly since March 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This Friday (31), the USDA (United States Department of Agriculture) reported its bulletin of the country's quarterly grain stocks in the March 1st position. The volumes of soybeans and corn brought by the agency were below the average of market expectations, while wheat exceeded expectations. In the case of soybeans, quarterly stocks were estimated by the USDA at 45.86 million tons, against 47.41 million expected by the market, according to average projections. In March 2022 the number was 52.58 million. Corn stocks, in turn, came in at 187.99 million tons, while the expected average was 189.75 million. Expectations ranged from 183.90 to 198.89 million tons ...

Source: NoticiasAgricolas