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Commodities

USDA Reports Strong Demand for New Crop Corn and Soybean Meal Exports

Guavy AI Editorial Team
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Corn
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The USDA reported that new crop corn and soybean meal sales saw significant improvements due to strong global demand for livestock feed usage.

New crop corn sales were up on the week, while new crop soybean sales declined but remained robust thanks to recent business with China. Global ag trade is influenced by factors such as the relative value of the dollar, seasonal changes in supply, and geopolitics.

The USDA's next round of supply and demand estimates will be released on September 11th.

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