Soybean, corn export sales up sharply on week

The USDA reports old crop soybean export sales for the week ending August 2nd topped most pre-report expectations. The 2017/18 marketing year runs through the end of August for beans, corn, and sorghum, and through the end of September for soybean products. 2018/19 for wheat started June 1st.

Wheat came out at 317,100 tons (11.7 million bushels), down 17% from the week ending July 26th, but up 5% from the four-week average.

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