Strong Corn and Soybean Exports Offset by Global Market Pressure
The latest U.S. Export Sales Report shows strong corn and soybean sales for the week ending July 30, but market pressure from global conflicts and domestic weather issues overshadowed these gains.
Allendale commodity broker Greg McBride discussed the corn export data in a report.
Sales of both corn and soybeans were described as 'strong' by McBride, who noted that China is fulfilling its end of the trade agreement so far.