US soybean exports rise

Soybean export sales reached the highest level since the start of the marketing year on September 1, the United States Department of Agriculture (USDA) said in a report. Soybean sales to foreign buyers jumped to 3.92 million tonnes in the seven days ended Nov. 9, up from 1.08 million tonnes in the previous week, the agency said. China was the biggest buyer, as expected, with 2.61 million tons, followed by an unidentified country with 721.3 thousand tons and the Netherlands with 123.5 thousand tons. Vietnam purchased 72,600 tonnes from the US and Turkey purchased 72,300 tonnes. Exports for the week were 1.99 million tonnes, down 11% week on week, the government said. Corn sales last week also soared, rising 78% to 1.81 million tons, the USDA reported. This also represents an 81% increase compared to the average. Mexico bought 1.06 million tons, Japan bought 532,900 tons, Colombia bought 124,000 tons, South Korea bought 59,000 tons and Honduras bought 50,900 tons, the department ...