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USDA Numbers 8/12/22

Quite Friendly Corn

US New Crop Carryout 1,388 mil. bu.

1,402 expected

World New Crop Carryout 306.68 mil. mts.

312.4 expected

Negative Soybeans but not enough to change our expectations

Numbers reflect conditions as of August 1st, not August 12th

Increased bean yield, but reduced harvested acres

US New Crop Carryout 245 mil. bu.

230 expected

World New Crop Carryout 89.73 mil. mts.

88.95 expected

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