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USDA, Other Agencies Forecasting Lower Production in Argentina Following Months of Poor Weather

Recent production estimates by the USDA, Rosario Grain Exchange, and Buenos Aires Grain Exchange all point to the effect of poor weather conditions in Argentina, the worlds third-largest producer of soybeans, and fourth-largest producer of corn.
John Baranick Agricultural Supply Demand Estimates South American Crop Production South American Agriculture News South American Ag Production
Source: dtnpf.com

US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate

The US CBOT soybean futures price climbed by 4.7% month-on-month (m-o-m) to USc 1,529/ 60 lbs Bushel on 12th January 2023, in line with a bullish World Agricultural Supply and Demand Estimates (WASDE) release. In the January 2023 WASDE report, the US soybean 2022/23 marketing year (MY) crop estimate was revised lower by 1.6% from the previous report to 4.3 billion bushels, due to reduction in harvested area. This also represents a 4% decline year-on-year (y-o-y) in production. This bullish repor...
United States World Agricultural Supply Demand Estimates South American

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