
USDA corn and soybean projections for 2026/2027 – July 2026
In its latest update, the global corn balance has been revised to reflect production cuts in the United States and Argentina, reducing exports and ending stocks, while China is gaining ground as a buyer of Argentine corn and reshaping South American trade flows. In contrast, soybeans continue to show strong growth, supported by robust production in Brazil and the United States—which offsets Argentina's slowdown—with Chinese demand further fueling this momentum by driving soybean processing in Brazil.







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