Story perspectives
USDA Surprises Traders: Corn Stocks Steady Amid Global Decline
2/14/2025
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Story summary
- The USDA's report maintained US corn stocks for 2024/25, surprising traders who anticipated a reduction.
- Global corn stocks reached a decade-low, primarily due to declining inventories in China and South America.
- China’s export bans on Brazilian soybeans affected major trading firms, with grain imports plummeting by 51% in January 2025.
- The USDA reduced Ukraine's wheat export forecasts due to lower production estimates.