Mixed week for U.S. export sales
U.S. export sales were mixed during the week ending January 5th. The USDA says wheat, cotton, soybean oil, rice, and beef all saw good week-to-week improvements, while corn, soybeans, and pork declined, and soybean meal hit a marketing year low. The report includes the New Year period, which can disrupt business. Exports are affected by several factors including seasonal demand trends and currency movement. The USDA’s next set of supply and demand estimates is out February 9th.
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