Soybean Market Analysis

The global soybean market is expected to remain strong in 2023, driven by increasing demand for animal feed and food products.

• US soybean exports are forecasted to rise by 15% in 2023, reaching over $12 billion.
• The Chinese government has pledged to increase its imports of US soybeans from the US and Canada, further boosting demand.

Corn Market Analysis

The global corn market is expected to experience a moderate growth in 2023, driven by increasing demand for ethanol and food products.

• US corn exports are forecasted to rise by 10% in 2023, reaching over $9 billion.
• The European Union has implemented new regulations on corn imports, which could lead to increased competition from US corn producers.