U.S. Export Sales Report (5-19-22)

by | May 19, 2022 | 5 Ag Stories, News

It was another fairly neutral report today for corn and soybean exports. Both commodities came within expectations. Allendale commodity broker Greg McBride said this fits the annual pattern for exports.

McBride also talked about this week?s wheat export numbers. He said that, given the global issues like India?s ban on wheat exports, they hope to see more sales come in.

Over the past two days, we?ve seen wheat prices continue to crash back down. McBride said this is because India?s wheat export ban wasn?t as big of a story as they initially thought.

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.