The USDA says the week ending November 24th was a generally bearish week for export sales. Corn, pork, wheat, rice, and soybean product sales were all below the previous week’s levels and while soybeans, beef, sorghum, and cotton did see improvements, they were modest. Export trade is governed by several factors, including seasonal demand shifts from one seller to another and currency movement. The USDA’s next set of supply and demand estimates is out Friday, December 9th at Noon Eastern/11 Central.
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