Highlights
On yesterday’s S&D, the USDA:
Reduced Brazil’s bean crop by 2 mil mts to 161 million mts. Soybean and corn production in Argentina and Paraguay were left unchanged.
Increased China’s soybean imports for this marketing year by 2 mil mts to 102 mil. mts. For the marketing year that ended August 31st, USDA says China imported 100.85 mil mts. It was the first year China imported 100 mil. mts.
Increased Ukraine’s corn production by a million mts to 30.5 million and increased Ukraine’s corn exports by a million mts to 21 million.