Highlights
Yesterday morning, the USDA announced the sale of:
130,000 mts of old crop soybeans to China
259,000 mts of old crop soybeans to unknown
100,000 mts of old crop corn to unknown, the 6th straight business day of a corn export sale announcement.
Angie Setzer of Consus Ag Consulting reported yesterday:
"According to AgTraderTalk, a brokerage and analytical firm, yesterday’s sale brings the full month total to nearly 4.7 million metric tons, the fourth largest monthly flash sale total on record with a week left to go. What is most interesting about the current export pace is not the fact that export shipments are already ahead of last year by over 30%, or that sales are almost 150 million bushels greater than last year through the first 6 weeks of the market year, it is that our competition from South America, Europe and the Black Sea is nearly non-existent over the next several months."