USDA takes some comfort out of global grain balance sheet

By Grain Brokers Australia
July 7 2020 - 5:00pm
Latest crop estimates from the USA point to lower than expected corn plantings this year, which has helped to reverse a recent downward price trend.
Latest crop estimates from the USA point to lower than expected corn plantings this year, which has helped to reverse a recent downward price trend.

The United States Department of Agriculture (USDA) released its June Acreage and Quarterly Grain Stocks Report last week and, for the second consecutive year, the data blindsided the market.

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