With the government shutdown in full effect, there won’t be any export sales reports until Congress can pass a budget resolution. However, we can still look at the estimates this week for a rough idea of what the sales might look like. Allendale commodity broker Greg McBride talked about this week’s estimates for both corn and soybeans.
McBride also gave a guess of what the flash sales might’ve been like for this report.
Navigating the marketplace will be difficult for the time being, but McBride there’s one thing we know for sure- the prices will be very volatile.
Much of that volatility will come from price action and any social media posts that are made by the Trump administration about global trade deals.
However, these trade meetings were announced months ago, so there shouldn’t be as big of a reaction as we have been seeing in the markets. McBride said he’s concerned about the longevity of this market enthusiasm.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
