Weekly export sales of corn, soybeans and wheat reported on Thursday were up from the previous week, with the corn and soybean business topping trade forecasts in a Reuters survey.
Chicago soybean futures rose a few cents after the USDA crop report, while corn and wheat futures had little reaction.
Total soybean sales of nearly 27.4 million bushels were up 52% from the previous week and led by China, Indonesia, and Germany. Net sales of nearly 30,000 bushels of 2015-16 soybeans went to Japan.
Corn export sales of 39.5 million bushels were up 19% from the week before in the USDA export sales report, with Mexico, Japan, and Colombia the leading buyers. About 4.6 million bushels of 2015-16 corn went to Mexico and Japan.
Wheat sales of 15.0 million bushels of the 2014-15 crop were up 3% from the previous week, with unknown destinations, Taiwan and Thailand the leading buyers. Net sales of 349,000 bushels of 2015-16 wheat went to Honduras.
After the report, Chicago corn futures were down ¾ cent in March at $3.85 per bushels and down 1 in May at $3.92-3/4. March soybeans were up 2-1/2 cents at $9.80-1/4 per bushel and May was up 3-1/4 at $9.84. March soft red winter wheat was down ½ at $5.25-1/4 and May up ½ at $5.24-1/2. March hard red winter was down 2 at $5.57-1/4 and May was down 1-3/4 at $5.58-3/4. Spring wheat was lower with March off 1 at $5.75 and May off 1 at $5.77.
Soymeal expor t sales of 189,400 metric tons for 2014-15 were down 36% from the previous week, but within forecasts. The Philippines, Spain and Canada were the top buyers. Also, 45,100 metric tons of 2015/2016 soymeal went to Spain and Canada.