Corn, soybean sales jump in USDA weekly export report

Corn, soybean sales jump in USDA weekly export report

Weekly export report: Wheat sales higher but within trade forecasts

Corn and soybean export sales in the latest week were up considerably from the previous week's business with unknown destinations and Mexico the leading corn buyers, while China led in soybeans, USDA said on Thursday.

Wheat sales nearly doubled the previous week's business, with the Philippines and Japan the leading buyers.

Corn sales of 32.2 million bushels for the week ended Jan. 8 surpassed trade forecasts in a Reuters' survey. Also, 2015/2016 corn sales totaled 1 million bushels and went to Japan and Mexico.

In daily reporting, USDA said Japan bought nearly 5.0 million bushels of 2014/2015 corn. That sale will be included in a future weekly export report.

Weekly export report: Wheat sales higher but within trade forecasts

Weekly soybean sales of 41.6 million bushels were up 24% from the previous week and exceeded trade forecasts. China was the leading buyer followed by Mexico and the Netherlands. USDA also reported sales of 11.2 million bushels of 2015/2016 soybeans, with most going to China and the rest to unknown destinations and Japan.

Soymeal sales of 72,100 metric tons for 2014/2015 were nearly double the previous week's, but were within forecasts with Denmark and Italy the top buyers.

Wheat sales of nearly 10.5 million bushels for 2014/2015 were up about 90% from the previous week but within trade forecasts. The Philippines and Japan were the leading buyers. Also in the weekly business 3.4 million bushels of 2015/2016 wheat went to unknown destinations, Costa Rica and Colombia.

Corn, soybean sales jump in USDA weekly export report

TAGS: USDA
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