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A USDA-linked trade outlook projects FY2024 US agricultural exports of $170.5 billion and imports of $202.5 billion, implying a record $32 billion trade deficit. The analysis attributes the trend to export declines and rising imports.
A widening trade deficit reflects weaker US export volumes, but the report gives no immediate direct price signal for specific feed commodities.
southernagtoday.orgAndrew MuhammadJun 27, 2024After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
