Source: Michael Raine, Producer.com, January 12, 2018
It all adds up to too much. Canola, wheat, corn, soybeans, there is more than expected by the grain trade and that isn’t for good prices.
The U.S. corn crop was big in 2017-18, but now that the tallies are in, it was bigger.
Today’s USDA World Agricultural Supply and Demand Estimates (PDF format) aren’t coming as a big surprise to the industry, but the big yellow cereal was bigger than predicted in the middle of December.
