News & Publications
January 17, 2023 |
USDA’s January data drop surprises trade
The New Year found the USDA providing several changes to the corn and soybean balance sheets last week. Forecasted carry-out for both corn and soybeans became a little tighter, but there were some interesting underlying fundamental changes.
The markets continue to be underpinned by weather worries in South America – particularly Argentina, which is facing its worst drought in nearly 40 years according to some experts.