Soybean, wheat export sales hit marketing year lows

Soybean, wheat export sales hit marketing year lows

U.S. soybean export sales have hit a marketing year low for two consecutive weeks. The USDA says soybean sales during the week ending November 12th fell 6% from the previous week at 1.4 million tons and while China did buy most of the total, overall demand has slowed as prices have shot higher and South American planting has moved forward. Wheat was also a marketing year low, dropping 36% on the week, with the USDA continuing to project record global ending stocks.

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