Corn sales were a little disappointing, but soybeans sales are performing above average right now since South America had a poor crop. Overall, Allendale commodity broker Greg McBride said it all adds up to be a neutral report.
Corn did see some additional action today, though, with a flash sale of corn to China this morning. McBride said this could be because China generally buys from Ukraine around this time.
Additionally, wheat sales continue to come in low. McBride said we should see demand coming in due to the war in Ukraine, but we just haven?t seen that yet.
McBride added some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
