U.S. soybean export sales surged to a marketing year high during the week ending November 9th. The USDA says soybean sales were nearly 4 million tons, led by strong demand from China as Beijing tries to shore up supplies in the face of planting delays and probable replanting in parts of Brazil. Corn topped 1.8 million tons, mainly to Mexico, and rice also hit a new high for the marketing year. Beef, pork, and wheat were down on the week and below average.
At the Chicago Mercantile Exchange, live and feeder cattle closed sharply lower, pressured by the decline in cash business. February live