Strong pace continues for new crop soybean exports

Strong pace continues for new crop soybean exports

The USDA says the week ending August 13th was another strong week for new crop soybean export sales. The total of 94.5 million bushels was down from the previous week, but still represents a very strong start to next marketing year, driven by demand from China, which has stepped up purchases of U.S. soybeans over the past few weeks because of competitive prices and Beijing’s need to shore up domestic supplies, even as political tensions continue.

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