Business & Marketing Editor
USDA’s July 8 export figures showed corn export sales 10% higher than the same time last year. “China has purchased 890,000 metric tons of U.S. corn, the most since 1995 and most of which had not yet been shipped,” says Johnny Hill of the Ag Marketing Service. Soybean export sales were up 15% from last year.
“Although the 2010/11 marketing year just started for wheat, export sales are 44% higher than last year, and unshipped balances of all three major grains are up 10%. This implies a slight increase in grain transportation demand.”
Click here for USDA’s full report on status of exports and freight.