Net sales of 437,500 MT for 2014-2015 were reported primarily for China (243,000 MT), unknown destinations (146,500 MT), and Indonesia (30,000 MT).
Exports of 1,119,100 MT were up 38 percent from the previous week, but down 11 percent from the four-week average. The primary destinations were China (662,800 MT), Mexico (102,300 MT), Indonesia (94,000 MT), Taiwan (83,600 MT), and Portugal (67,100 MT).
The soy complex posted a mixed Wednesday night showing. Although soybean and product markets were generally strong yesterday, they set back significantly from their intra-day highs. That development, along with the financial market reaction to Chairman Yellen’s statement, very likely discouraged bulls last night. May soybeans rose 4.25 cents to $14.355/bushel in pre-dawn Thursday action, while May soyoil sank 0.19 cents to 41.91 cents/pound, and May soymeal gained $3.2 at $465.2/ton.
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