The USDA says beef and soybean export sales fell to marketing year lows during the week ending March 2nd. Beef was significantly lower than average following small cancellations by several key customers, while soybeans had a net reduction after big cancellations by unknown destinations and Pakistan. Pork, wheat, and cotton also saw week to week declines. Rice hit a marketing year high, and corn, sorghum, soybean products were all up solidly on the week. The USDA’s next round of supply and demand estimates is out April 11th.
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