
Soybeans were also a very good number for virtually any week of the marketing years. 2.204mmt and we only needed a 173 thousand tons to reach USDA expected forecast.
We do believe that losses in South America will result in US export sales, through early summer, consistently running above USDA totals.
Soybean exports are also likely to exceed USDA totals. The fact that we believe US corn and soybeans will exceed USDA current estimates, that means that our ending stock numbers will slip lower in the April-June report.