Soybeans See Another Weak Week of Export With WASDE Report Ahead May 11, 2023
Weekly export sales remained poor for soybeans this morning. Old crop sales were reported at 62,170 tonnes last week. That was under the wide 150,000 – 500,000 tonne expectation. It was the lowest sale for last week in 10 years. It was -77% from the five year average. Let's go over the prior 14 weeks here. The prior week was -15%. The week before was -38%.
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