According to The Progressive Farmer, through the third week of November, the U.S. has sold 831.4 million bushels of soybeans, the lowest total since the 2011/12 marketing year and the second lowest total in the past decade.
The 400.2 million bushels shipped as of the third week of November is also the least for this point in the marketing year since the 2011/12 marketing year and again the second lowest total in the past decade.
It appears that unless sort of breakthrough is achieved this week in Buenos Aires, the USDA's current soybean export forecast will have to be revised lower in subsequent WASDE reports.
Read the full report at The Progressive Farmer.
