Reading Time: 2 minutes The United States Department of Agriculture’s (USDA) monthly supply/demand estimates, released on March 8, were largely left unchanged, the exceptions being South American corn and soybeans as well as U.S. wheat.
Increased projections for South American corn, soybeans, U.S. wheat carryout
Corn, soy firm ahead of USDA data
Corn drifted upward, soybeans declined
Exports the most likely category to see changes, analyst says
Most analysts expect USDA to lower its Brazil harvest estimate
Soybean acres also expected to increase
Brazil soy harvest running ahead of schedule compared to last year
Biden administration expected to announce within weeks if ethanol will qualify for sustainable aviation fuel tax credit
Booming renewable diesel industry seen as a positive
Competitive advantages from superior U.S. transportation have all but evaporated