U.S. grain exports are continuing to struggle as the current marketing year nears its final month.
Old crop U.S. corn sales most recently hit back-to-back marketing year lows while old crop soybean sales have reached marketing year lows three weeks in a row with more cancelations than sales the last two weeks.
The head of the University of Missouri’s Food and Agricultural Policy Research Institute, Pat Westhoff, tells Brownfield a lot of recent export cancelations have come from unknown destinations which is likely China.
