The USDA’s weekly export inspections report shows the impact of increased competition on corn. U.S. corn prices have rallied on concerns about planting and yield, pushing prices above competition origins, including South America and Ukraine. The numbers for the week ending June 20th do show some improvements in the respective paces for sorghum, soybeans, and wheat, but overall, export demand for U.S. grains and oilseeds can be called no better than moderate. The 2019/20 marketing year for wheat started June 1st, while the 2018/19 marketing year for beans, corn, and sorghum runs through the end of August.
Continue reading Slow pace continues for corn export inspections at Brownfield Ag News.
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