USDA weekly export sales: Soy sales down; wheat up

USDA weekly export sales: Soy sales down; wheat up

Corn missed, soybean matched weekly export sale forecasts

Weekly export sales of corn and soybeans were down from the previous week, while wheat sales were up, USDA said on Thursday, corn missing trade forecasts, soybean matching and wheat topping them.

Chicago crop futures had minor reactions to the numbers, soybeans slipped to trade about 2 cents higher from 7-3/4 higher earlier, corn lost about a penny to trade up 2-1/4 cents while soft red winter wheat lost about a penny to trade 1-1/4 cents lower.

Corn missed, soybean matched weekly export sale forecasts

Soybean sales for old- and new-crop combined totaled 18.2 million bushels, with old-crop sales of 16.9 million bushels, down 9% from the previous week. Leading buyers were China, the Netherlands, and Japan. Net sales of 1.33 million bushels of 2015/2016 soybeans went to Japan.

Corn sales totaled 34.0 million bushels, with the old-crop business at  28.2 million bushels, down 23% from the week before, Japan, Colombia and Mexico were the leading buyers. About 5.8 million bushels of 2015/2016 corn went to Japan, unknown destinations and Panama.

Wheat sales of 12.1 million bushels of the 2014/2015 crop were up 23% from the previous week, with Japan, Indonesia, and Canada the leading buyers. Net sales of 4.8 million bushels of 2015/2016 wheat went to South Korea and Nigeria.

Soymeal had a net reduction of 6,400 metric tons for 2014/2015 and a net increase of 91,400 for 2015/2016 supplies. Ecuador, Colombia and Peru led old-crop business, while unknown destinations took new crop.

Weekly export sales, Feb. 26, 2015:

USDA weekly export sales: Soy sales down; wheat up


Related reports:
USDA weekly export sales, Feb. 12, 2015
USDA weekly export sales, Feb. 20, 2015
USDA daily export sales


TAGS: USDA Wheat
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