Strong Demand from Mexico and China Lifts Soybean Exports

Category: Grain and Feed Ingredients

Strong Demand from Mexico and China Lifts Soybean Exports

Weekly soybean export sales for the 2020/21 marketing year of 292.5 thousand metric tons (TMT) were noticeably above last week's total and the four-week average of 42 TMT. There were 315.3 TMT in sales recorded for the 2021/22 crop season, lifting total sales to 731.5 TMT. Combined crop year sales were 93 percent over last week and exceeded analyst estimates that ranged from 150 to 550 TMT. 2020/21 export commitments are 98.5 percent of the revised USDA forecast with 18 weeks remaining in the...

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