After languishing in the doldrums for much of the fall and winter, sales of
While one week's worth of sales don't make a trend, corn sales reached 43.8 million bushels in the latest week, a marketing year high. Asian buyers were especially active, in part because
The strong showing could also indicate buyers are starting to become nervous about the fate of the crop in
Soybean sales also were strong at 48.8 million bushels. While that's nothing new, the breakouts show buyers other than
Wheat sales also rebounded to 15.2 million bushels, after several lackluster weeks. The one trouble spot in the complex remains soft red winter wheat, where sales were small after two week's in a row of net cancellations. Soft wheat remains the most competitive class on world markets.
However, news leased by USDA after the report this morning could dampen enthusiasm for wheat. The agency, under its daily reporting system, said exporters cancelled the sale of 13 million bushels of hard red winter wheat to
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