With the government slowly reopening, the weekly government reports- including the export sales- are covering the data that was missed during the shutdown. Allendale commodity broker Greg McBride said it will take a while for the government to catch up.
This report covers the data from September 26-October 2. McBride said the corn sales were some of the best for that timeframe.
McBride said the soybean numbers weren’t as good, but they were still acceptable.
McBride said there were flash sales on three out of the four trading days so far this week.
McBride added that China made a purchase of over 1 million tons of soybeans, which is a start to their apparent commitment to purchase 12 million tons by the end of the year.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
