Generally quiet week for U.S. export sales

 

The USDA soybean meal exports for the week ending May 3rd notched a new marketing year low, while combined old and new crop corn, soybean, soybean oil, and wheat sales were generally towards the low end of most analysts’ expectations. Physical shipments of sorghum were more than what’s needed to meet USDA projections for the marketing year. The 2017/18 marketing year runs through May for wheat, August for beans, corn, and sorghum, and September for soybean products.

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