Corn Ahead of USDA Estimates, Soybeans Lagging

October 10, 2016 04:13 PM
 
 

U.S. corn exports are up 70 percent from the five-year average, and that’s leaving many to wonder if that is a short-term boost or sustainable.

Brian Splitt of Allendale, Inc. doesn’t think the U.S. can sustain such large exports. He says with problems in Brazil with second crop corn, the U.S. will have to fill corn needs until January, which is why Brazil has approved GMO corn.

Ahead of the USDA crop progress report to be released Wednesday, Splitt said corn is ahead of the pace to hit the USDA target, and soybeans are running behind.

Hear more of Splitt's thoughts on the meat market and Mexico's purchase of U.S. corn on AgDay above.

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