Soybean Weekly Export Sales

Soybean export sales also very good at 481 thousand tons, the level needed is -1 which means we already reached USDA total export sales for this year.

USDA is going to be forced to increase its export forecast further, we believe that by the time this marketing year ends our exports will be a 1100 million bushels maybe a 150 million bushels larger than the current forecast.

Export sales should be good again next week as USDA has been announcing additional US sales of soybeans.