Corn, Soybean Oil Lead Export Leaps

U.S. ag export sales continue to post high values. Both corn and soybean oils topped marketing year highs last week. USDA reports corn topped 3 million tons, nearly 2.3 million of which were purchased by China.

Thanks to Mexico and Canada, soybean oil climbed significantly higher at 10,800 tons. Cotton, beef and pork also saw improvements. Sorghum, however, hit a marketing year low after a Chinese shipment cancellation. Rice sales fell 42% at 14,900 tons, a noticeable 73% lower than last week.

The next USDA report will be released on April 11.

Read more on the latest USDA supply and demand estimates here.