USDA World Crop Production Summary

The USDA's WASDE report was out at 13.30GMT today. Here is a quick summary of the main changes from last month:

Feb Jan
Aussie Wheat 20.15mmt 20.00mmt
Argy Wheat 8.40mmt 9.50mmt
Argy Corn 13.50mmt 16.50mmt
Argy Soybeans 43.80mmt 49.50mmt
Braz Soybeans 57.00mmt 59.00mmt

No huge surprises really. They maybe dropped Argy soy & corn a tad more than it was anticipated they would. A bit of a surprise that they didn't drop Braz corn at all. Argy wheat dropped in line with local exchange estimates.