As they continue to navigate the ongoing trade war with key partner China, U.S. grain shippers will need to post big numbers in the months ahead to meet government export forecasts for the current marketing year.
Reuters reports that in the second half of the 2018-19 marketing year that ends on Aug. 31, corn shipments need to average about 5.6 million tonnes per month to meet the government’s current projection of 2.45 billion bushels.
This would be the second-highest pace on record for the time frame behind last year’s blistering 7 million.
Soybean exports need to average a record 3.9 million tonnes per month between March and August to hit the full-year forecast of 1.875 billion bushels.
