USDA: Soybean Export Sales Up Sharply

USDA: Soybean Export Sales Up Sharply

Corn, wheat sales increase; soymeal has net reduction.

Soybean export sales of 54.6 million bushels in the latest week were more than triple the prior week’s and topped trade forecasts, while cancellations produced a net reduction in 2014/2015 soymeal sales, USDA said on Friday.

The cancellations in 2014/2015 soymeal resulted a net reduction of 22,300 metric tons and offset sales to Ecuador, Thailand and others.  There was a net increase of 174,300 metric tons in 2015/2016 sales to Thailand and Mexico.

Corn sales of 37.2 million bushels topped trade forecasts and were led by unknown destinations and Japan.

Corn, wheat sales increase; soymeal has net reduction

Also on Friday, USDA announced a corn sale of 4.32 million bushels to Costa Rica in its daily reporting.  This sale will be included in future weekly export reports.

Wheat sales of 15.85 million bushels for 2014/2015 were up 19% from the prior week and matched trade forecasts. Sales were led by Japan, Taiwan and Mexico. Sales of nearly 2.4 million bushels of 2015/2016 wheat went to Nigeria, Peru and Colombia.

USDA: Soybean Export Sales Up Sharply

TAGS: USDA
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