Soybean Export Sales Surge on Chinese Buying
By Kirk Maltais
Sales of U.S. soybean exports exceeded the expectations of grain
traders this week, buoyed by strong buying of new crop soybeans by
In its weekly report covering sales for the week ended August
11, the USDA said that sales of soybeans across the 2021/22 and
2022/23 marketing years totaled 1.4 million metric tons. Sales in
2022/23 totaled 1.3 million tons, with 779,000 tons sold to
Soybean sales across both marketing years exceeded the forecasts
of grain traders surveyed by The Wall Street Journal this week.
Traders forecast sales to land anywhere between 300,000 tons to
Meanwhile, corn sales across both marketing years totaled
849,300 tons, and wheat sales for 2022/23 totaled 207,200 tons.
Corn sales landed on the high end of trader forecasts, while wheat
sales - which were at a marketing-year low - fell below the low end
of trader expectations.
To see related data, search "U.S. Export Sales: Weekly Sales
Totals" in Dow Jones NewsPlus.
Write to Kirk Maltais at firstname.lastname@example.org
(END) Dow Jones Newswires
August 18, 2022 09:05 ET (13:05 GMT)
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