WEEKLY EXPORT REPORT: Old-crop soybeans cancelled

Old-crop soybean sales still exceed pace needed to meet USDA's annual sales forecast.

Cancellations caused a net reduction in old-crop soybean export sales in the latest week, and new-crop soybean sales were down 32% from the prior week, the U.S. Department of Agriculture reported on Thursday. However, any bearishness related to USDA’s weekly export numbers may have been offset by three daily sales this week.

In daily reporting on Thursday, USDA said China bought about 4.7 million bu. of soybeans, and

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