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USDA projected a record FY2022 U.S. agricultural export level of $191 billion, 11% above last year's record. Export values are rising mainly because commodity prices are higher, while volumes are projected lower for most products.
Soybean exports set a record January-April pace in value.
Higher export values reflect tight global supplies from weather, logistics and the Ukraine war, which supports U.S. feed grain and oilseed prices even as volumes shrink.
agecon.mgcafe.uky.eduWill Snell, Extension ProfessorJun 30, 2022After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
