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Export sales are up, but why?

U.S. corn and soybeans have been competitively priced on the global market and a grains analyst says that’s one reason there’s been an uptick in sales.

Bryan Doherty is with Total Farm Marketing.

“Importing countries in late winter or spring and even in summer were buying only as needed because the price trend was down,” he says. “The price trend is really sideways now. When you look at the price now, it’s at the same price that it was several weeks or several months ago.”

He tells Brownfield there was increased buying ahead of the U.S. presidential election.

“It’s a commodity where an end user is paying $3.75 or $4.50, and the world’s only one weather market away from seeing those type of prices again,” he says.

Doherty says if tariff concerns under the new Trump administration persist, global customers could continue to make large purchases.