Soybean sales at 706 thousand tons also okay and within the range of expectations and double the level needed to reach USDA forecast.

This is the time of year we need to continue seeing good exports.

Soybeans were also at the lower end of expectations at 694 thousand tons, that was above the level needed to reach the UDSA forecast.

But this is well below last year.

Soybean exports are running at a pace that’s fairly close to the UDSA’s current projections.

Soybean export sales down from last week at 830 thousand tons, that may be above the level needed but this is the tie of year we need to be seeing big exports.

USDA is likely to leave its export forecast unchanged in next weeks crop report.

Soybeans had a tremendous increase over the last few weeks.

Last week soybeans were at 106.1 million bushels which is near record large.

Half of them coming out of the gulf and the other half out of the pacific northwest.

Soybeans improved nicely but they are still well below the year ago level.

Last year we had over 60 million bushels exported, last week just 35 million bushels.

We need to see soybean inspections advancing dramatically over the next few weeks if we are going to reach the USDA export forecast.