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U.S. Soybean Export Sales Climb, Meeting Expectations

Alexandra Watts | 06.15.2023

Market Update

CME grain pricing displayed positive movement across the board, with corn going up by $0.1550 to reach $6.23/st, despite renewed concerns over drought impacting 2023 yields. Meanwhile, soybeans were at a three-month high of 487 (TMT) due to robust export sales, leading to an increase of $0.4000 to $14.28/st. Furthermore, soymeal was up $4.50 to $394.20/st and wheat rose $0.3125 to $6.61/st.

Weekly Export Sales – Released June 15, 2023

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