US export sales for soybeans hit marketing-year low

Published Mar 2, 2023

Tridge summary

Export sales of major commodities in the United States saw a decline in the past week, with soybean sales reaching a marketing-year low and corn, rice, and cotton sales also experiencing substantial drops. Beef and pork sales also decreased, while soybean meal sales were the only bright spot with an increase. The USDA will release new supply and demand estimates on March 8th.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It was a less-than-stellar week for export sales as all the major commodities saw declines. Soybean sales hit a marketing-year low and were down 14 percent from the previous week and 25 percent from the 4-week averages. Corn export sales continue with its lackluster pace as sales dropped 27 percent on the week and 48 percent compared to the prior 4-week average. Wheat sales declined 16 percent on the week, but the 4-week average is up 39 percent. There were substantial declines in sales for rice and cotton. Beef sales dropped 48 percent on the week and 62 percent from the prior 4-week average and pork sales were down 40 percent ...

Source: Brownfield Ag