Global surplus, strong Dollar weigh on U.S. ag exports

U.S. ag export demand is suffering from excess global supplies and a strong U.S. dollar. CoBank economist Tanner Ehmke says there is a surplus of grain globally. “You’ve got record crops down in South America, corn and beans. You’ve got record crops in the Black Sea (region) with Russia. And then we have a strong Dollar on top of all that.” He tells Brownfield domestic demand, especially for soybean oil, has helped support commodity prices. ...     ...