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USDA raises forecasts for global corn production and ending stocks

 Last Update: 2021-12-01
 Source: Internet
 Author: User

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News from Washington, November 9: On Tuesday, the US Department of Agriculture released its November supply and demand report, which raised the global corn production in 2021/22 to 1.
2046.
2 billion tons, which was 6.
4 million tons higher than the 1.
19822 billion tons expected last month, mainly due to the United States, Corn production in Argentina and the 27 EU countries have been raised
.

This month the U.
S.
Department of Agriculture raised US corn production to 382.
59 million tons, 1.
1 million tons higher than last month’s forecast of 381.
49 million tons; Argentina’s corn production increased to 54.
5 million tons, higher than last month’s forecast of 53 million tons.
1.
5 million tons
.
Corn production in the 27 EU countries is expected to be 67.
85 million tons, which is 1.
55 million tons higher than last month's forecast
.

　　The U.
S.
Department of Agriculture this month raised the global corn ending stocks for 2021/22 to 304.
42 million tons, higher than the previous month’s forecast of 30174 million tons, mainly because Brazil’s corn ending stocks increased by 500,000 tons, and the European Union and Japan stocks were also slightly higher.
There is an upward adjustment
.

　　Brazil’s corn production forecast for this month remains unchanged, but the beginning stocks have been raised by 500,000 tons
.

　　Before the release of the report, analysts on average expected that the global ending stocks for the 2021/22 year would be increased to 30082 million tons
.

U.
S.
Corn EU

　　Brazil’s corn production forecast for this month remains unchanged, but the beginning stocks have been raised by 500,000 tons
.

　　Before the release of the report, analysts on average expected that the global ending stocks for the 2021/22 year would be increased to 30082 million tons
.

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