Export sales generally down on the week

U.S. export sales continue to face some strong headwinds. That’s due to several factors, including recent relative strength in the U.S. dollar, seasonal trends, including Brazil’s record soybean crop hitting the market, and high prices. The USDA says old crop soybean, soybean meal, and cotton sales during the week ending June 16th were marketing year lows, with soybean oil, pork, beef, and rice also down on the week. Old crop corn and sorghum and new crop wheat did see week-to-week improvements, but the respective sales paces for all three are slower than expected.

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Export sales generally down on the week