U.S. soybean exports remain strong in a time when South American production should be coming to market. Advance Trading Commodity Research Analyst Brian Basting is researching the contra-seasonal export pace of soybeans. “The full realization of those smaller crops, especially in Brazil, has set in. The last two months we’ve seen an uptick from all of those destinations counting on the bigger crop in Brazil. Those countries are playing catch up.” Basting says there is still plenty of time to get the U.S. crop in the ground, but traders will be watching for any further delays. “Traders will be watching this closely as May 1 approaches.”
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