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“The USDA announced a flash sale of 136k mt (5 mil. bu.) to China. Announced sales of new crop soybeans to China/unknown reached 856k mt last week. With the Chinese demand potential and uncertain U.S. weather, I expect price pullbacks to be well supported. Export inspections at 15 mil. bu. were in line with expectations while just above the 14 mil. needed per week to reach the revised USDA forecast,” Soderberg said.
