16 August 2022
Global maize balance supporting grain price: Grain market daily
As mentioned in yesterday’s Market Report, on Friday, in its latest World Agricultural Supply and Demand Estimates (WASDE), the USDA trimmed global maize production for 2022/23 by 6.3Mt from July's estimate, to 1,179.6Mt. This is on account of smaller EU and US crops, despite larger Ukrainian and Russian crops forecasted month-on-month.