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Soybean exports hit marketing year low in latest report

Photo by Brent Barnett

Corn exports had a solid week on the latest US Export Sales Report on Friday, while it was a different story for soybeans.

According to Greg McBride, commodities broker with Allendale, soybean exports hit a marketing year low as sales were down 42 percent from last week and 47 percent from the prior four-week average.

McBride says the main focus heading into 2021 is whether China will continue the steady buying of US grains that we saw earlier this fall.

The next US Export Sales Report will be released on Thursday, December 3rd. View the full report here.

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