New crop soybean export sales up on week – Voice Of Muscatine


New crop soybean export sales up on week

The USDA’s reporting another solid week for new crop soybean export sales. The total of 1.4 million tons for the week ending August 10th was up from the prior week, continuing to reflect solid demand from China, with U.S. soybean prices temporarily competitive against Brazil. The new marketing year starts September 1st and while new crop sales got off to a slow start, this recent uptick in demand is viewed as a positive by analysts and the markets.

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