Big week for beef, corn export sales

Corn and beef export sales hit marketing year highs during the week ending March 3rd. The USDA says old crop corn sales topped 2.1 million tons, with substantial purchases by unknown destinations, Japan, and Mexico. Beef sales were 27,500 tons, mainly to China, Japan, and South Korea. Combined old and new crop soybean sales were more than 3 million tons, continuing the spike related to lower South American production and concerns about global vegetable oil availability.

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