bearish
The Highlights of USDAs 2023 Commodity Outlook // Where Stock Prices Are Headed in 2023
SUMMARY
- The agency estimates that roughly 46% of Ukraine’s wheat production lies in areas where the war is currently threatening the planting process.
- US Soybean Crush Margin remains very high and therefore continues to support soybean meal prices
- USDA is expecting a larger uptick in planted acres for Wheat and Rice but a large drop in planted acres for Cotton.
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