Weekly Winners & Losers
Let’s start with corn where Sep 1 stocks came in at 1.361 billion bushels on Friday - 75 million less than the average pre-report estimate and 16 million bushels less than last year’s 1.377 billion carryout.
2022/23’s ending stocks are now set at 1.361bbu which means the 2023/24 carry-in will see a automatic 91-million-bushel reduction in the October WASDE…
Why it doesn’t matter:
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