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Post-Report HOT TAKE

Post-Report HOT TAKE

August 11

Aug 11, 2023
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CORN

Old crop:

  • Imports +10mbu

  • Exports -25mbu

  • Other industrial use (I honestly need to dig into what this actually is) -20mbu

  • Ending stocks +55mbu at 1.457bbu

  • The Brazilian crop was raised 2mmt to another record 135mmt and there were no changes to Argentina’s crop

New Crop:

To start - here’s a friendly reminder about US corn conditions:

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