Corn, soybeans, and wheat were down; and cotton was up for the week. With U.S. harvest complete, commodity markets will now shift focus to South American crop progress and U.S. exports. Each Thursday, the USDA Foreign Agricultural Service provides a summary of export sales for agricultural products (weekly numbers for corn, soybeans, cotton, and wheat are quoted below). Data in the report are broken into two general categories of export sales: 1) exports (shipped); and 2) outstanding sales (sales that have not been shipped). Together these categories make total export sales commitments. These two categories are often compared to the USDA total marketing year projected exports – the export estimates contained (and revised) each month in the USDA WASDE report. Continue reading at Tennessee Market Highlights.
15 Dec 2017