Corn, Soybean Export Sales Higher in USDA Weekly Export Report

Corn, Soybean Export Sales Higher in USDA Weekly Export Report

USDA weekly export report finds wheat sales down, expectations missed

Export sales of 2014/2015 U.S. corn and soybeans were up from the previous week, USDA's weekly export report showed Thursday, with both volumes slightly higher than trade forecasts.

Wheat sales were down from the previous week and missed trade forecasts.

Chicago futures had little reaction to the export numbers, with soybeans futures staying about 5 cents per bushel higher, corn about 2 cents lower and wheat 6 to 8 cents lower.

Corn sales of 30.9 million bushels were slightly better than the previous week. Top buyers were unknown destinations, Japan and Peru. The report also showed a net reduction of 30,000 bushels in 2015/2016 sales.

USDA weekly export report finds wheat sales down, expectations missed

Soybean sales of 33.9 million bushels were led by China, Thailand, and Indonesia. There was a net reduction of 800,000 for in 2015/2016 sales.

Weekly wheat export sales of 13.7 million bushels missed forecasts in a Reuters survey, with the Philippines, Taiwan and Egypt top buyers.

Soymeal sales of 343,200 metric tons were up from a week ago with unknown destinations, Thailand and Canada the top destinations. Also, 12,600 metric tons of 2015/2016 soymeal went to Mexico.

The marketing year for soybean meal began October 1.

Find the USDA weekly export report for week ending Oct. 2 online.

Corn, Soybean Export Sales Higher in USDA Weekly Export Report

TAGS: USDA
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