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Soybean oil export sales hit marketing year high

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U.S. export sales were mixed during the week ending February 29th. Global trade in most major commodities continues to be impacted by the strength of the dollar relative to the currencies of other major exporters, big crops out of South America and Russia, and trader barriers. Soybean oil did hit a marketing year high, with corn, soybeans, beef, pork, and rice seeing week to week increases, while wheat, sorghum, soybean meal, and cotton sales were down on the week.

Soybean oil export sales hit marketing year high