Corn, soy, wheat sales up in USDA weekly export sales report

Corn, soy, wheat sales up in USDA weekly export sales report

Soybeans at high-end of weekly export sale forecasts

Weekly export sales of corn, soybeans and wheat were up from the previous week in USDA's latest report, with the numbers within trade forecasts although soybeans were at the high-end of expectations.

Chicago crop futures had minor reactions to the numbers, soybeans were trading 2 to 3 cents higher following the report, corn hovered near unchanged, soft red winter wheat was down about a penny and hard red winter and spring wheat were near unchanged.

In daily reporting, USDA said 4.25 million bushels of 2015/2016 grain sorghum were sold to unknown destinations.

Soybeans at high-end of weekly export sale forecasts

Soybean sales for old- and new-crop combined totaled slightly more than18.4 million bushels, with old-crop sales of 18.4 million bushels, up 9% from the previous week. Leading buyers were unknown destinations, China, Mexico and Japan. Net sales of 62,500 bushels of 2015/2016 soybeans went to Japan.

Corn sales totaled 38.9 million bushels, with the old-crop business at 32.6 million bushels up 16% from the week before. Saudi Arabia, Japan and Mexico were the leading buyers. About 6.2 million bushels of 2015/2016 corn went to Japan and unknown destinations.

Wheat sales of 17.3 million bushels for the 2014/2015 crop were up 43% from the previous week, with Egypt, Mexico, and the Philippines the leading buyers. Net sales of 1.4 million bushels of 2015/2016 wheat were led by Nigeria and Mexico.

Soymeal had net sales of 130,200 metric tons for 2014/2015 and a net sales of 28,400 of 2015/2016 supplies. Venezuela and Peru led old-crop business, while Canada and Nicaragua took new crop.

Corn, soy, wheat sales up in USDA weekly export sales report

TAGS: USDA Wheat
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