Grain TV: Strong Exports Unable to Beat Disappointing Soy Crush

Corn and soybean export sales both came in well above expectations which provided some price support in the early trade. NOPA crush numbers, while just under a record high, were 1.5 million bushels lower than expected which knocked the legs out from under soybean prices. Soybeans have a good chance to continue lower with the bearish numbers from Monday’s WASDE and positive production forecasts for South America.