Supply of the main grains and soybeans looks set to rise in 2016/17, after adverse weather –notably in Latin America – dented harvests in 2015/16. That said, many analysts suspect that the United States Department of Agriculture (USDA) production estimates are optimistic. In this Commodities Watch, we will discuss the latest data from the USDA and what they imply for our forecasts of grains and soybeans prices.
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