Mostly slow week for U.S. export sales

The USDA says export sales for several key commodities dropped during the week ending April 14th. That’s likely because of a combination of high prices due to tight supply and recent strength in the U.S. dollar, which makes U.S. goods less competitive on the export market. Wheat, pork, sorghum, and cotton all notched marketing year lows, while sales of corn, soybeans, soybean products, and beef posted week-to-week declines. The USDA’s next set of supply and demand estimates is out May 12th.

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