According to June’s WASDE Report, the global Corn supplies for 2015/16 are projected at 989.30 Mio t and the global Soybean supplies are projected at 317.58 Mio t.
Projected U.S. production is unchanged from last month. Corn stocks are raised with a reduction in 2014/15 forecast Corn use in ethanol production. Lower Soybean stocks reflect higher crush and export projections for 2014/15.
Brazil Corn production for 2014/15 is raised 3 Mio t to a near-record 81 Mio t, with higher area and yields, reflecting extended rainfall through May.
Russian Corn and Soybean production is raised on a higher area and yield. Planting progress data indicate a year-to-year increase in seeded area, which is also reflected in higher year-to-year imports of agricultural chemicals.