USDA reports strong U.S. export sales for corn, soybeans, wheat, etc., despite challenges like drought and a strong dollar.
The USDA reported strong U.S. export sales for the week ending October 10th, with notable gains in corn, soybeans, wheat, sorghum, cotton, beef, and a marketing year high for rice. While pork sales dipped slightly, they remained above average. The U.S. offers the cheapest corn and soybeans globally, boosting international demand. Overall, this positive trend reflects a favorable outlook for American agricultural exports, despite challenges like drought and a strong dollar.
October 18, 2024
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