Export demand is returning slowly as repairs continue at the Gulf ports. U.S. Commodities President Don Roose thinks end users are also stepping up to lock in prices. “It’s the end user that is just not sure of the crop year or what the farmer is going to do. We’re seeing ethanol plants and processors step back up. Actually, on the export front, we’re shipping out of the PNW, but the Gulf is starting to open back up. It feels like the end-user wants to buy the early harvest. We’ll see if that continues.” End users are also uncertain about yields. “We’re hearing about monster yields in areas and disappointing yields in others. It’s still early here. The upcoming USDA Stocks report, coming out on Thursday, will give us the next fundamental government market move.”
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