Van Ahn and Company market analyst Kristi Van Ahn has seen a lot of old crop soybeans sold in the last two months. This is typically a quiet time for U.S. soybean exports. “We have most of our export sales going to South America. China or other unknown buyers are also starting to buy old crop. That will dwindle down our carryout.” There is a lot of uncertainty about U.S. acreage. “There are people who don’t believe USDA’s acreage numbers. We won’t know until June 30. If we sell a bunch of old crop and those acreage numbers change, it could be a very interesting dynamic.”
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