Export sales are continuing their recent trends. Corn sales are looking good, while the same certainly cannot be said for the soybeans. Allendale commodity broker Greg McBride gave an update on the latest export sales report.
U.S. soybean prices are still far from Brazil’s, but that gap is slowly narrowing. McBride said this could have an impact if Brazil has a smaller crop this year.
McBride added that we could see the USDA lower its expectations for soybeans even further in the future.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
