The USDA reports wheat and soybean meal export sales for the week ending December 7th topped most pre-report expectations, while corn, soybeans, and soybean oil were within analysts’ estimates.
Wheat came out at 588,800 tons (21.6 million bushels), up 83% from the week ending November 30th and 97% higher than the four week average. Thailand purchased 96,000 tons and Morocco bought 90,000 tons, while the United Arab Emirates canceled on 30,000 tons.
Continue reading Wheat, soybean meal exports top expectations at Brownfield Ag News.
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