Weekly Export Sales

Soybean export sales dropped 66% for the old crop season and 60% for the combined marketing seasons. At 167.9 TMT, old crop sales were well below market expectations that ranged from 300-575 TMT; they were also 70% less than the prior four-week average. Total export commitments are 98% of USDA forecast with 25 weeks to go. Leading purchasers were China,…