The USDA reports wheat export sales for the week ending August 3rd were above most pre-report estimates. Old crop sales for corn and soybeans were lower than expected, including a new marketing year low for beans. Physical shipments of soybeans and wheat were more than what’s needed to meet USDA projections for their respective marketing years. The 2016/17 marketing year for corn, soybeans, and sorghum runs through the end of August. The 2017/18 marketing year for wheat started June 1st.
Continue reading Old crop soybean exports hit marketing year low at Brownfield Ag News.
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