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The Biden Administration has sent its Fiscal Year 2024 budget request to Congress. (Gary Crawford. President Joe Biden. Agriculture Secretary Tom Vilsack)
Extreme drought conditions in various wheat growing regions are contributing to lower wheat production forecasts compared to the previous year. (Rod Bain and USDA Chief Economist Seth Meyer)
USDA's quarterly stock forecasts revealed a surprise regarding ending stocks for corn and soybeans, compared to industry projections. (Rod Bain and Chief Economist Seth Meyer)