Soybean export sales up, several others down

The USDA is reporting another mixed week for U.S. export sales. For the week ending May 25th, old crop soybean, soybean meal, cotton, and sorghum sales were up, while corn, rice, and soybean oil were down with another marketing year low for wheat. Reported new crop sales for those commodities were routine. Pork export sales fell from the previous week and beef was modestly lower. Export demand is influenced by several factors including the strength of the dollar relative to other currencies and seasonal trends in demand.

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