# Sorghum, soybean exports hit marketing year lows - Brownfield Ag News

> USDA export sales for the week ending December 31 hit marketing-year lows for soybeans and sorghum, with China the biggest buyer but offset by cancellations from unknown destinations. Wheat sales were down 47% from the prior week, and corn sales fell 22%. Soybean physical shipments were above projected needs for the marketing year.

- Date: 2021-01-07 · published 2021-01-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/49206-sorghum-soybean-exports-hit-marketing-year-lows-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Net cancellations and weaker weekly sales reduce near-term export demand for soybeans and sorghum, which is bearish, although China's strong buying continues to support the trade. The holiday week partly explains the weakness.

## Read by commodity

- SOY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-08-25 | [Soybeans, corn down, expecting record crops - Brownfield Ag News](https://feedsoft.ai/events/12395-soybeans-corn-down-expecting-record-crops-brownfield-ag-news.md) | -6.9% | -5.3% |
| SOY | 2019-06-28 | [Soybean stocks at record levels - Brownfield Ag News](https://feedsoft.ai/events/58538-soybean-stocks-at-record-levels-brownfield-ag-news.md) | -1.7% | -0.5% |
| SOY | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.6% | +2.5% |
| SOY | 2018-08-08 | [Bigger crop estimates send soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8653-bigger-crop-estimates-send-soybeans-corn-lower-brownfield-ag-news.md) | -2.8% | -7.2% |
| SOY | 2018-08-10 | [USDA raises new crop U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/63479-usda-raises-new-crop-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -0.3% | -6.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/sorghum-soybean-exports-hit-marketing-year-lows/

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