Export sales of soybeans miss analyst estimates

  • U.S. soybean export sales miss targets
  • Soybean sales for 2023/24 marketing year totaled 159,700 metric tons
  • Corn sales hit the high end of forecasts at 1.25 million tons
  • Wheat sales on the lower side of forecasts at 322,100 tons
  • CBOT grains down in pre-market trading

Export sales of U.S. soybeans for the week ended Feb. 22 were below analyst estimates, according to the Department of Agriculture. Sales for the 2023/24 marketing year totaled 159,700 metric tons, missing the low end of forecasts. Corn sales, on the other hand, hit the high end of forecasts at 1.25 million tons. Wheat sales were on the lower side of forecasts at 322,100 tons. CBOT grains are down in pre-market trading, with corn down 0.7%, soybeans down 1.1%, and wheat down 0.4%.

Factuality Level: 8
Factuality Justification: The article provides specific information about the export sales of U.S. soybeans, corn, and wheat for the week ended Feb. 22, based on the latest report from the Department of Agriculture. The details are clear and focused on the main topic without unnecessary digressions or sensationalism. The information is based on official data and analyst estimates, providing a factual overview of the situation.
Noise Level: 3
Noise Justification: The article provides relevant information about the latest export sales of U.S. soybeans, corn, and wheat. It includes data from the Department of Agriculture and compares the sales figures to analyst estimates. The article stays on topic and does not contain irrelevant information. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. Overall, it is a straightforward report on export sales.
Financial Relevance: Yes
Financial Markets Impacted: CBOT grains market
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the export sales of U.S. soybeans, corn, and wheat, which are relevant to the financial markets. However, there is no mention of any extreme events or their impact.
Key People: Kirk Maltais (Author)

Reported publicly: www.marketwatch.com