U.S. soybean export sales shot higher during the week ending February 3rd. The USDA says old crop soybean sales of 1.6 million tons were 81% larger than average, mainly to unknown destinations, with the recent spike likely tied to lower South American production estimates. Rice hit a marketing year high for the second week in a row and sorghum and wheat both had solid week-to-week improvements, while corn, cotton, and soybean products all saw declines.
