USDA Supply and Demand Report | November 9, 2022
For corn, USDA pegged the U.S. 2022-2023 ending stocks at 1.182 billion bushels. This is below the trade’s estimate of 1.212 billion bushels but above USDA's October estimate of 1.172 billion bushels.
For soybeans, the U.S. ending stocks were 220 million bushels, above the trade’s expectation of 215 million bushels and USDA’s October estimate of 200 million bushels.
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