WASHINGTON, June 4, 2020—Private exporters reported to the U.S. Department of Agriculture export sales of 120,000 metric tons of soybeans for delivery to unknown destinations. Of the total, 60,000 metric tons is for delivery during the 2019/2020 marketing year and 60,000 metric tons is for delivery during the 2020/2021 marketing year.
The marketing year for soybeans began Sept. 1.
Strong export demand continues to direct price action in soybeans.
Weakening USD and firming Russian Ruble and Brazilian Real are supportive across the US agricultural complex.
Russian wheat prices are rallying, US markets follow despite advancing harvest activity in the southern plains.