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The Specialty Soya and Grains Alliance reports that US containerized agricultural exports rose 6.7 percent in 2019 despite a 4.5 percent drop in shipments to China, according to Journal of Commerce data. Gains to Japan, Taiwan and South Korea offset the China decline.
Trade disruptions continued into early 2020 due to COVID-19.
Growth in containerized ag exports to North Asia signals steady demand for US specialty products, though the story reports past data and does not shift near-term bulk feed prices.
soyagrainsalliance.orgKatelyn EngquistMay 26, 2020Not 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.
