USDA Combined Agri Exports +80% MoM in latest resurgence during harvest period

Combined agri exports out of US has made an astounding recovery in recent weeks, improving +80% MoM to reach levels closer to 2022 albeit -14% YoY lower.

USDA - Combined Agri Exports

Though reports of historical low water levels in the Mississippi River remain, farmers seem to have been able to adapt in this critical harvest period with reports of corn & soybean crop harvests proceeding ahead of their respective 5-year average. Higher rainfall in the region expected to ease the situation further in upcoming days!

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