Can exports lift soybeans?

In the overnight session the grains were mixed with corn up 2 1/2 cents soybeans down 1/2 a cent and wheat down 1 1/2 cents. The U.S. dollar is mostly unchanged with crude oil 74 cents higher. Rains are likely to continue in the southern plains over the next few days and then a drying trend is likely to take hold for the first part of June.

Yesterday, the weekly ethanol production numbers showed an increase in production by 11,000 barrels per day to 969,000 barrels per day. Stocks declined this week by 337,000 barrels to 20.1 million barrels. Ethanol production has picked up sharply in the late part of May which is typical going into the driving season. Ethanol production is up 4.8 percent over last year compared to the USDA’s corn used for ethanol balance sheet item which suggests only a 1.3 percent increase.

出口销售主要符合对旧作物销售的期望，但是新的农作物玉米和大豆销售令人失望。旧的作物大豆销售击败了分析师预期的322,400公吨，这比上周的98,909公吨的销售额急剧上升。本周的买家包括中国，荷兰，德国，日本等。在营销年度后期，大豆销售继续显示出高于平均出口需求。然而，今天早上，阿根廷大豆粉碎机联盟表示，他预计一项薪水协议将结束对当地市场产生负面影响并放慢出口放缓的罢工。

Old crop corn and wheat sales met expectations with corn showing sales of 654,600 metric tons of old crop and wheat recording 42,500 metric tons. Sales were down 19 percent and 43 percent respectively but managed to fall within the range of expectations.

GASC周四购买了240,000吨，其中75％来自俄罗斯，25％来自罗马尼亚。

如果卢布将小麦出口税设定为50％，卢布减去5500卢布，俄罗斯已采取措施限制出口量。政府将最低税定为每吨50卢布。出口税旨在限制小麦出口，如果小麦价格达到13,000卢布。

—Cody Bills