USDA is forecasting the highest ever global corn crop in 2023-24, according to the latest USDA World Agricultural Supply & Demand Estimates report. Global corn production is estimated at 1.22 billion metric tons, 6 percent higher than last year and a record high resulting from expanding acreage and higher yields. USDA is also projecting the global soybean crop to increase, with global soybean production estimated at 410.59 metric ton, up 10.8 percent from 2022-23. Read More
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