DJ Soybean Exports May Stay Muted Amid Hurricane Damage -- Market Talk
2021 Dow Jones & Company, Inc.
1323 ET - Lingering damage to port facilities in the Gulf from Hurricane Ida may pressure USDA grain export sales data this week--particularly for soybeans. According to traders surveyed by WSJ, soybean export sales for the week ended September 9 could total anywhere from 500,000 metric tons to 1.4M tons. For soybeans, these totals would be lower than they've been in recent weeks prior to the storm. Meanwhile, corn export sales are forecast as totaling anywhere from 350,000 tons to 1.2M tons and wheat sales are forecast at 200,000 tons to 700,000 tons. In trading Wednesday, CBOT soybean futures are up 0.8%, while corn gains 2.3% and wheat climbs 2%. (email@example.com; @kirkmaltais)
(END) Dow Jones Newswires
September 15, 2021 13:23 ET (17:23 GMT)
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