# Corn, soybean oil export sales hit marketing year highs | News-Talk 1230 KFJB

> U.S. corn export sales reached a marketing year high in the week ending March 16, with over 3 million tons sold and nearly 2.3 million tons bought by China. Soybean oil also hit a marketing year high, while sorghum sales fell to a marketing year low after a Chinese cancellation. Soybean, wheat, rice and soybean meal sales declined week-to-week.

- Date: 2023-03-23 · published 2023-03-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/14861-corn-soybean-oil-export-sales-hit-marketing-year-highs-news-talk-1230-kfjb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record corn export sales tighten U.S. corn supplies, supporting prices, while the sorghum cancellation weighs on sorghum demand and soybean meal sales slowing points to softer meal demand.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- CORN: bullish ▲
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-27 | [USDA exports – Soybean sales drop, new-crop corn has big gain](https://feedsoft.ai/events/69825-usda-exports-soybean-sales-drop-new-crop-corn-has-big-gain.md) | -1.3% | -7.0% |
| CORN | 2016-12-08 | [WEEKLY EXPORT REPORT: Corn, soybean, wheat sales increase](https://feedsoft.ai/events/73338-weekly-export-report-corn-soybean-wheat-sales-increase.md) | +0.9% | +0.3% |
| CORN | 2024-07-11 | [Weekly soymeal, beef sales carve new marketing-year lows - Pro Farmer](https://feedsoft.ai/events/5659-weekly-soymeal-beef-sales-carve-new-marketing-year-lows-pro-farmer.md) | -0.9% | -1.6% |
| CORN | 2021-01-12 | [Corn Soars to Limit Gains, Soybeans Reach New Highs](https://feedsoft.ai/events/48991-corn-soars-to-limit-gains-soybeans-reach-new-highs.md) | +5.8% | +11.6% |
| CORN | 2024-09-27 | [Horizons: New Crop Marketing Year, New Grain Export Potential - The Waterways Journal](https://feedsoft.ai/events/16509-horizons-new-crop-marketing-year-new-grain-export-potential-the-waterways.md) | +2.2% | +1.0% |
| SBO | 2023-03-09 | [Soybean oil market waiting on EPA \| Baking Business](https://feedsoft.ai/events/15323-soybean-oil-market-waiting-on-epa-baking-business.md) | -5.4% | -5.1% |
| SBO | 2025-09-12 | [Soybeans, corn, and wheat see gains amid shifting yield and export forecasts - Brownfield Ag News](https://feedsoft.ai/events/7572-soybeans-corn-and-wheat-see-gains-amid-shifting-yield-and-export-forecasts.md) | +0.1% | -0.6% |
| SBO | 2023-07-03 | [Palm oil price to stay high amid tighter soybean market, say analysts](https://feedsoft.ai/events/6546-palm-oil-price-to-stay-high-amid-tighter-soybean-market-say-analysts.md) | +6.2% | +2.3% |

## Sources

- 1230kfjb.com: https://www.1230kfjb.com/2023/03/23/corn-soybean-oil-export-sales-hit-marketing-year-highs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.