AgResource Analysis of the Nov WASDE Report
Additionally, barring an outright elimination of the Black Sea export corridor, the market must again include Ukrainian supply and demand when measuring the exporter balance sheet. Combined US, South American and Ukrainian corn stocks/use in 22/23 is pegged at 8.8%, vs. 7.9% last year and vs. 2020’s record low 6.9%. Stocks/use will in 22/23 will…