The primary destinations were China (317,400 MT), Indonesia (111,200 MT), Japan (83,000 MT), the Netherlands (81,000 MT), and Mexico (50,000 MT).
Continued talk of domestic tightness is boosting the soy complex on Thursday morning. The U.S. soybean market reportedly remains quite tight despite last year’s big crop, which reemphasizes the underlying strength of demand. May soybeans rallied 7.75 cents to $14.4775/bushel in early Thursday trading, while May soyoil edged up 0.06 cent to 40.79 cents/pound, and May soymeal added $4.6 to $473.7/ton.
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