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U.S. grain exports less price competitive
An international grain merchandiser suggests inflation has eaten into export business.
CHS CEO Jay Debertin says U.S. commodity prices remain higher than most global competitors.
“We saw it in our export volumes, the United States was sitting a little bit higher than other parts of the world in terms of our commodity prices. Which impacted exports as the world searches for where they see an advantage in prices.”
He tells Brownfield dynamics like these are cyclical.
“Markets just move that way and it swings around, and that’s why CHS has capabilities to supply customers around the world from various markets. But I would point to that as being a bit of an impact on grain exports.”
CHS serves customers in 65 countries.
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