USDA WASDE Numbers Summary

The main changes to world 2008/09 production in today's WASDE report from the USDA are:

Chinese corn production increased by 5.5mmt to 165.50mmt.

Argentine corn production reduced 1.5mmt to 16.5mmt.

Argentine wheat production reduced 1mmt to 9.5mmt.

Argentine soybean production reduced 1mmt to 59.5mmt.

EU-27 wheat production reduced 390,000mt to 150.51mmt.