Soybeans, Wheat Fall as U.S. Exports Trail Government Estimates
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Soybeans and wheat fell in Chicago after government figures showed U.S. exports of the crops trailed official estimates. Corn was little changed.
Soybean exports from Sept. 1 through May 12 totaled 36.6 million metric tons, the U.S. Department of Agriculture said in a report yesterday. Exporters need to ship 5.55 million tons in 15 weeks, or an average of 369,000 tons a week, through the end of the marketing year on Aug. 31 to meet the official goal. Exporters sold 166,100 tons last week, according to the USDA.