Soybean exports strong, but a new low for beef sales

The USDA reports combined old and new crop soybean export sales for the week ending July 19th were larger than what most analysts were expecting, while corn and wheat were within pre-report estimates. Physical shipments of beans, corn, and wheat continue to trail the respective previous marketing years. The 2018/19 marketing year for wheat got underway June 1st, while 2017/18 continues through August for corn, sorghum, and soybeans, and September for soybean products.

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