Strong Soybean Weekly Export Sales Once Again This Week

The latest USDA Weekly Export Sales report showed another strong week for soybean export sales at 30.5 million bushels. China was the top buyer once again of U.S. soybeans at a net of 27.4 million bushels, 14.9 million of which was switched from unknown destinations on the report.

Corn sales were still dismal at 14.7 million bushels with China cancelling a cargo of corn last week. Wheat sales were 12.8 million bushels.

Beef net sales were poor at just 9,200 MT with Japan, South Korea and Taiwan the top buyers while pork net sales were 47,900 MT with Mexico, China and Japan the top buyers.

Read the full report here:

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