Yesterday?s WASDE report overshadowed the U.S. Export Sales Report, but that can be seen as a good thing. The report was bearish, but the markets ignored that as they focused on a surprisingly bullish WASDE. Allendale commodity broker Greg McBride provided a breakdown of the latest data.
McBride said the U.S. exports aren?t helped by the fact that Brazil grain is significantly cheaper right now.
McBride said exports this year will depend heavily on the status of Brazil?s grain supply.
McBride also provided some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
