The USDA reports old crop soybean and wheat export sales for the week ending May 18th were larger than most analysts were expecting, while corn was below pre-report estimates. Physical shipments of soybeans were above what’s needed to meet USDA projections for the 2016/17 marketing year, but corn and wheat fell short of their respective marks. The 2016/17 marketing year runs through May for wheat, the end of August for corn, soybeans, and sorghum, and the end of September for soybean products.
Continue reading Weekly corn, wheat exports top expectations at Brownfield Ag News.
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