DTN Daily Feedstuffs Comments
Mary Kennedy DTN Basis Analyst
Fri Nov 21, 2014 02:28 PM CST


Soybeans closed higher even after USDA reported export sales of 483,000 metric tons of soybeans last week, which was the lowest level since the new crop year began on Sept. 1, and down 55% from the prior week's report week, but the pace of exports so far this crop year still remains strong. DTN grain market analyst Todd Hultman said that, "The reported 265,700 metric tons of soybean meal sales were also bullish and, 11 weeks into the new 2014-15 season, sales and shipments of soybeans and meal now account for 79% and 60% of USDA's export estimates, ...

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