Solid week for new crop corn, soybean export sales

The USDA says new crop corn and soybean export sales were strong during the week ending August 11th. Soybeans topped 1.3 million tons, mostly to China and unknown destinations, while corn came out at 750,000 tons, primarily to unknown destinations and Mexico. That might be a sign of the seasonal shift away from Brazilian corn and soybeans to U.S. supplies. Beef export sales did improve from the previous week, but pork fell and wheat sales hit a marketing year low.

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Solid week for new crop corn, soybean export sales