Watching Export Sales

I am watching the weekly export sales. Even with China out of the market last week, we again posted another week of better-than-expected export sales. To hit the USDA target for corn exports, we only have to average 27.5 million bushels per week. For soybeans, we only need to average 2.5 million bushels per week. I expect the USDA to move exports higher and ending stocks lower in the supply/demand report in March.

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