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The weekly export sales report featured some eye-popping numbers for corn and soybeans. Totals for both crops were the highest in more than a month. The update coincides with rumors about Chinese buying interest being reinvigorated. Last week included a trio of daily flash sale announcements for soybeans to China before a corn sale to an unknown buyer was linked to China this week. Other importers are also stepping in to help corn and soybean sales track ahead of levels needed to meet the current USDA projections. The export report placed additional attention on what lies ahead for trade policy during a week that was fraught with back and forth developments regarding President Trump’s tariff plans.   A review of recent corn and soybean export activity further supports claims about the USDA looking way too pessimistic in its estimation of trade potential for the 2025 marketing year. After the shock of record-large yield reductions made in the January crop report, upward revisions to the export projections could be the next source of major cuts to the carryout estimates. Here are where exports stand after today’s update and ahead of the next supply and demand report coming on February 11th:  …

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