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.
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.