US Farmers Face Shifting Export Outlook | Presented by CME Group

US farmers are on track for a record corn and soybean harvest. However, the current export outlook for the two products could not be more opposite. As of the most recent world agriculture supply and demand estimates from USDA, the United States is expected to export a record 2.975% billion bushels of corn, up a modest 5.1% from a year ago, but a staggering 32.5% above the prior 10-year average. Soybeans, on the other hand, are expected to see exports drop to 1.685% billion bushels, a 10.1% slide from last y ...