This week’s export sales were mostly within the range of estimates. Both corn and soybeans continue to see a lot of good news in the weekly reports. Allendale commodity broker Greg McBride said the corn numbers were slightly low, but that doesn’t change the positive direction of those exports.
McBride said China has been showing up on the soybean balance sheet, so they are holding up their end of the trade agreement so far.
McBride said the flash sales have been full of purchases from China.
While those sales are a positive step in the right direction, McBride said China still has a lot of purchasing left to do in order to honor the agreement fully.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
