STRONG PRICES EXPECTED: An expected year-on-year fall of 3pc in global corn production is expected to eat into global corn stocks by about 1pc, meaning the global coarse grain market, including for barley and sorghum, will remain supported.
Given how tight the global commodities market is, the United States Department of Agriculture’s (USDA’s) first outlook on the 2022/23 global grains, oilseeds and cotton marketing year was even more eagerly anticipated than normal.
For those just finished, or still in the process of, planting their 2022/23 winter crop, it was good news as the USDA’s May…
