81. Expectations of strong weekly export sales and forecasts suggesting a slow start to planting season limited the decline. 82. Expectations that the government will reduce its crop estimate substantially on Thursday were counter-balanced by modest weekly export shipments that put pressure on prices. 83. Figures released for weekly export sales were up by more than a million metric tons for soybeans. 84. Gains were attributed largely to the rally in wheat and also to better-than-expected weekly export sales and severe weather in the western corn belt. 85. Grain and soybeans futures prices soared Friday on the Chicago Board of Trade after the Agriculture Department reported surprisingly strong weekly export figures. 86. Grain and soybean futures nudged higher Thursday on the Chicago Board of Trade, supported by strong weekly export sales. 87. Higher-than-expected weekly export inspections of U.S. soybeans provided support. 88. In addition, lackluster weekly export figures are expected. 89. Investors dumped wheat contracts en masse despite strong weekly export sales figures. 90. Large commodity funds kept the bull run going as investors shrugged off disappointing weekly export sales figures, focusing instead on an anticipated pickup in export activity. |