USDA Lowers Corn Outlook After Brazil’s Harvest Falls

The USDA has cut its forecast for global corn production, pointing to Brazil’s reduced crop as the main reason. This Thursday, the agency predicted a drop in corn output to 943.73 million tons, down from 946.89 million tons. Brazil’s shortfall of 3 million tons is the critical factor. Brazil now expects to export 52 million […]

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