Soybean exports top expectations, but show tariff effects


The USDA reports combined old and new crop soybean export sales for the week ending June 28th were above most pre-report estimates. The 2018/19 marketing year for wheat got underway June 1st, while 2017/18 runs through the end of August for corn, sorghum, and soybeans and the end of September for soybean products.

Wheat came out at 440,100 tons (16.2 million bushels). Taiwan purchased 97,600 tons and Mexico bought 88,300 tons.

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