Soybeans See Record Sale December 15, 2022
Soybean export sales last week were huge at 2,943,405 tonnes. This was a record sale for this specific week in history. We knew it would be good given the already-known 1.470 million reported for overnight sales. Today's number was over the 1,500,000 – 2,000,000 tonne expectation. It ran +80% vs. the five year average. The prior four weeks averaged +39%. To hit USDA’s goal remaining sales through August need to run -15% vs. normal. On our balance sheet we are using USDA’s current estimate.
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Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
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Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
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SA maps still look solid for rains in the 10 day
December 1, 2023
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Trade expects strong exports and more 8 AM announcements
November 30, 2023
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Open interest continues to fall drastically
November 29, 2023
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
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Snapshots