USDA’s FAS forecasts major reduction in ending stocks in 2022-23.

At least 50% of facilities are closed or operating at limited capacities.

Increased competition, financial incentives among improvement proposals.

Dry weather, rising production costs will limit acreage, output.

Rising commodity prices expected to moderate.

Council sees 6% decrease from previous quarterly forecast in January.

Port blockades, mined fields, fuel shortages among the challenges facing farmers, exporters.

Biorefining company says its process achieves greater than 60% protein concentrations.

Calls 2022-23 figures ‘especially tentative.'

Change is because of reduced feed wheat supply, smaller domestic corn crop.