USDA: No new soybean sales this week

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

In their latest U.S. Export Sales report released on Sept. 1, the USDA reported no new sales during the week.

Net sales of 593,800 MT for delivery in 2011/2012 were mainly reported for China (257,000 MT), unknown destinations (140,000 MT), Mexico (75,800 MT), Costa Rica (38,000 MT), and Indonesia (36,000 MT).  Exports of 235,600 MT were down 17 percent from the previous week, but up 15 percent from the prior 4-week average.  

The destinations were primarily to China (124,400 MT), Japan (37,900 MT), Indonesia (20,500 MT), Mexico (17,600 MT), and Egypt (10,000 MT).

Soybean futures closed slightly higher on Wednesday. Gains were limited by profit-taking after hitting the highest spot price in nearly three years. But futures held small gains on declining yield prospects and more dry weather in the Midwest this week. On Thursday futures opened 12 to 13 cents lower. Some further profit-taking was noted overnight from the recent rally that pushed soybean futures to new highs. Outside markets are helping to weigh on the market.

  Sales 8 107,505 -107,497
Average 50,793 133,102 203,089
High 305,660 412,117 1,032,342
Low 8 8 -405,598

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Related Articles

No matching related articles at this time.

Comments (0) Leave a comment 

e-Mail (required)


characters left

Aluminum Grain Trailers

Maurer Manufacturing offers a complete line of high quality aluminum grain trailers. Manufactured in Spencer, Iowa, Maurer aluminum grain trailers ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form