From Successful Farming, June 12:
USDA projects slightly lower Brazilian soybean production
USDA released the latest WASDE report on June 12.
In This Article
2023/2024 U.S. ending stocks
The WASDE report held corn and wheat ending stocks for the 2023/2024 marketing year steady, The trade expected this for wheat but was expecting a lower number for corn. Soybean ending stocks were raised more than expected.
2023/2024 U.S. ending stocks estimates (bushels) June Trade expectations May Corn 2.022 billion 2.005 billion 2.022 billion Soybeans 350 million 348 million 340 million Wheat 688 million 688 million 688 million
....MUCH MORE
Wheat is the biggest loser, rice the biggest gainer. Via FinViz:
Here's the complete report (40 page PDF)
