The USDA has released the July World Agricultural Supply & Demand Estimates report.
See the full report by clickinghere.
Highlights include:
WHEAT:The outlook for 2019/20 U.S. wheat this month is for lower supplies, higher domestic use, larger exports, and reduced stocks.
COARSE GRAINS:This month’s 2019/20 U.S. corn outlook is for larger production and beginning stocks, greater feed and residual use, lower food, seed, and industrial (FSI) use, and increased ending stocks.
RICE:The outlook for 2019/20 U.S. rice is for increased supplies, higher domestic use and exports, and lower ending stocks.
OILSEEDS:This month’s U.S. soybean supply and use projections for 2019/20 include lower beginning stocks, production, exports, and ending stocks.
