USDA Export Sales; Soybean, Corn Futures Trading higher

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The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending June 30th totaled 637,300 tonnes. Sales for 2016 to 2017 totaled 585,700 tonnes. Corn sales for the current year were 369,800 tonnes, sales for the next year were 443,200 tonnes. Wheat sales totaled 825,300 tonnes. Soymeal sales for the current year totaled 77,400 tonnes. Soybean Oil sales for the current year totaled 18,100 tonnes. Sales for 2016 to 2017 were 40,000 tonnes. Cotton sales for 2015 to 2016 totaled 201,900 running bales. Sales for 2016 to 2017 totaled 128,400 running bales. August Soybeans are trading at 1065, up 14 1/2 cents/bushel, September Corn is trading 346 3/4,up 5 cents/bushel and September Chicago Wheat is trading at 429, up 3 1/2 cents/bushel.

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