Soybean, Soybean Meal, and Soybean Oil Exports Surge

Category: Grain and Feed Ingredients

Soybean, Soybean Meal, and Soybean Oil Exports Surge

Soybean export sales for the 2019/20 marketing year of 1,205 thousand metric tons (TMT), were 598 TMT over last week's total and 80 percent over the four-week average of 671 TMT.  New crop sales totaled 464 TMT, lifting total sales to 1,669 TMT.  Combined crop year sales were up 59 percent from last week and exceeded analyst estimates that ranged from 900 to 1,500 TMT. 2019/20 export commitments are 74 percent of the USDA revised forecast and need to average 951 TMT per week to meet...

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