US Soybean Sales On Pace to surpass USDA Forecast – 03/10/2022
US soybean sales increased to 60 plus million tonnes in the period ending March 3, 2022 which is the second fastest pace after last season when Chinese soybeans purchases exceeded the historical pace. China has been buying new crop US soybeans over the last month as crop conditions in South America deteriorated. This month USDA increased the old crop US soybean export forecast by 40 million bushels.