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Huatai Securities: New soybean supply and demand easing, global corn production may be reduced
The USDA slightly lowered the forecast for Brazilian soybean production by 1 million tons due to the severe flooding in southern Brazil. The impact is still ongoing, and continuous follow-up is required.
US Sees Tighter Grain Supplies, Sending Prices Higher
Global grain supplies will be tighter in the coming season, setting the stage for higher prices for agricultural commodities as economies are still coping with stubborn inflation, according to a key US forecast.
U.S. Grain Export Sales Fall Within Estimates
U.S. grain export sales reported by the Department of Agriculture fell within the estimates of analysts surveyed by The Wall Street Journal this week.
Worst Drought in Four Decades Cuts Zimbabwean Corn Crop by 72%
Corn output in Zimbabwe will drop by almost three-quarters this year as the nation experiences its worst drought in four decades, according to the government.
Canadian Stocks of Wheat Fall, Canola Rise
OTTAWA--Canadian stocks of wheat are down sharply on last year, while canola stocks have risen with a sharp fall in exports.
Corn and soybeans follow the rise of wheat, and pig futures are expected to test previous highs
Kent Beadle, an analyst at Paradigm Futures, said wheat continued Monday's gains, and wheat continued to play a leading role due to the crop's lower ratings, combined with weather and war premiums.
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