John Baize yesterday wrote about the increasing pace of U.S. soybean export sales and the general tightening of the world oilseed markets, including both soybeans and canola/rapeseed. The drought-reduced production in South America started the bullish soybean snowball rolling, and even today there are many reports of still declining soybean yields in Brazil and Argentina. It appears likely that those crops will be reduced again before the final numbers are in. Smaller crops coupled with some logistical problems have pushed more export business to the U.S. China has become a very active buyer of old crop and new crop U.S. soybeans with announcements of additional sales to China coming almost daily over the past few weeks. It was estimates...