U.S. wheat and corn exports for their current respective marketing years are on track with the prior year and ahead of their five-year averages. 

U.S. soymeal exports are on track with both last year and the five-year average. By contrast, soyoil exports are thus far below both last year and the longer-range trend.

The real standout has been soybean exports, ahead on both metrics and largely due to buying by China. But there have been no newly announced soybean sales to China in 19 days. The U.S. electorate may have fired President Trump yesterday and this raises the question of whether China remains committed to the Phase One purchasing agreement they struck with Mr. Trump? It can be argued that the Middle Kingdom needs the supp...