S&D Highlights
USDA made slight reductions to the demand side for 2023-24 marketing year for corn, beans and wheat, which increased soybeans carryover by 4 days use to 28 days and wheat by 3 days use to 129 days.
CONAB reduced their total corn crop by 3.9 million mts to 113.7 million, the second safrinha crop was estimated 3.1 million lower to 88.1 million. Soybeans were updated to 149.4 million metric tons, 5.87 million lower from last month.
