Whereas export gross sales have been down considerably for a lot of commodities this previous week, beef gross sales hit a marketing-year excessive and have been up 40% on the week. Will increase have been primarily for South Korea, China, Japan, and Taiwan. Rice export gross sales have been additionally noticeably on the week.
On the flip facet, soybean export gross sales dropped 67% on the week, corn gross sales have been down 47%, and wheat gross sales have been down 7%. Cotton gross sales declined 17% for the week.
The USDA’s subsequent set of provide and demand estimates is out April eighth.
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