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USDA projects record US agricultural exports of $196 billion in fiscal 2022, revised up $5 billion, mainly on livestock, poultry and dairy. Fiscal 2023 exports are forecast to fall $2.5 billion to $193.5 billion, with lower sorghum exports among the drivers.
A forecast drop in sorghum exports for 2023 signals softer foreign demand for US sorghum, a modest bearish factor for feed grain prices.
dtnpf.comKatie Micik DehlingerAug 31, 2022Not enough comparable past events yet for a historical read.
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.
