This week?s export sales report was neutral, but it?s easy to meet those expectations when analysts aren?t expecting much anyways. Allendale commodity broker Greg McBride provided a breakdown on the latest export numbers from the USDA.
Those lower export sales are largely due to Brazil?s much lower grain prices. McBride provided an update on that price disparity as well.
McBride said those export numbers should come up once other countries start pre-purchasing some new crop grains.
McBride also offered some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
