PDF attached
USDA
reported private exporters sold:
Export
sales of 400,000 metric tons of soybeans for delivery to China during the 2020/2021 marketing year; and
Export
sales of 264,000 metric tons of soybeans received during the reporting period for delivery to China during the 2020/2021 marketing year;
Export
sales of 101,600 MT of corn for delivery to unknown destinations during the 2020/2021 marketing year.
Good
rains fell across much of the Midwest the last couple of days. This was good for lessoning crop losses and boosting soil moisture for the SRW wheat crop areas ahead of plantings. Crude oil is down sharply as the Suadi’s have said they will cut oil prices
and the USD is stronger today. Managed money continued to add to length in the soy complex last week with beans now estimated to be long 177k, oil long 79k and meal long 25k. Wheat is long 15k and the corn net long about 19K. Turkey seeks 500,000 tons of wheat.