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WATCH: June Crop Production and WASDE ASB Briefing

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By Agweek Staff Reports

June 10, 2022 at 10:05 AM

U.S. soybean stocks will be smaller than previously forecast as export demand for U.S. offerings remains strong even with recently harvested supplies from Brazil and Argentina available for overseas buyers, the government said on Friday in the U.S. Department of Agriculture's monthly World Agricultural Supply and Demand Estimates.

Also, late sugarbeet planting in the Red River Valley is expected to lead to lower yields, leading the U.S. Department of Agriculture to cut ending stocks, leaving an unusually low stocks-to-use ratio and opening the door to more raw sugar imports from Mexico.

Watch the video covering crop production and yield here.

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