Ahead of tomorrow’s WASDE report, this week’s export sales didn’t bring too much excitement. Allendale commodity broker Greg McBride provided a breakdown of the latest U.S. Export Sales Report.
While we will obviously learn more about the USDA’s shipment goals tomorrow, McBride said shipments are only slightly behind right now.
Also, when looking at the short term, McBride said there’s almost no price difference between the U.S. and Brazil, which could provide a last push for current grain contracts.
McBride also provided some advice for Iowa producers.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
