The USDA released its weekly U.S. Export Sales Report on Thursday.
This week?s report was neutral overall. While mostly unremarkable, it?s nice to have a mild report every so often, especially with the current state of the world. Allendale commodity broker Greg McBride broke down the numbers from the report.
Among the more prominent news right now is China?s continued strict lockdowns. However, McBride said we?re still shipping, so we?re not really seeing any issues on that front as of right now.
Even though the report was mostly mild, there was one surprise from it. While it won?t have too much of an effect on Iowa producers, McBride said the cotton numbers were at a marketing year low.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
