Grainnet Podcast: Marty Foreman, Doane Advisory Services, Analyzes the March USDA World Agricultural Supply and Demand Report
Date Posted: March 8, 2013
The USDA's March World Agricultural Supply and Demand Report left unchanged the carryout for both US corn and soybeans, but several changes were made within the balance sheet. Corn feed demand increased due to increased poultry production, but that was offset with increased corn imports and reduced exports. Soybean use numbers were static, but USDA forecast increased imports and exports of soybean meal. Wheat ending stocks were raised by 25 million bushels due to a similar decline in wheat exports.
Marty Foreman, Doane Advisory Services, (847-634-2600)adds his analysis to the domestic supply and demand numbers, as well as an overview of South American corn and soybean production estimates.
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