USDA Lowers Expected U.S. Corn Exports, Raises Ending Stocks

Dan Corn, Exports/Imports, Field Crops, National Corn Growers Association (NCGA)

Last week, the U.S. Department of Agriculture (USDA) released their December World Agricultural Supply & Demand Estimates (WASDE) report, which shows most U.S. grain and oilseeds estimates were unchanged from the previous month. Citing slow sales and shipments through early December and competition from other exporters, the USDA lowered corn exports for the 2022/23 marketing year by 75 million bushels resulting in an …