USDA World Crop Production Summary

Posted by Nogger - a legend in his own mind at 13:45 | Categorized as

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.