Corn, soybean oil export sales hit marketing year highs

Corn, soybean oil export sales hit marketing year highs

Corn export sales rocketed to a marketing year high during the week ending March 16th. The USDA says corn sales topped 3 million tons, with nearly 2.3 million of that purchased by China, which has returned to the U.S. corn market as other sellers exhaust their supplies. Soybean oil also notched a marketing year high, while cotton, beef, and pork saw good week-to-week improvements. Sorghum hit a marketing year low following a cancellation by China and soybean, wheat, rice, and soybean meal sales were all down on the week.

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