Soybean: Weekly Export Sales

Soybean sales saw a nice improvement at 293 tmt. That’s the best number we’ve seen in almost 2 months. Historically it’s still a fairly small number for this time of year but it’s well above the 49 tmt needed to reach USDA’s forecast. We’re not suggesting stocks will be rising, we’re just suggesting going forwards world buyers could be looking for other sources of soybeans.