USDA Weekly Export Sales Highlights

In it's weekly export sales report for the period October 10-16, 2008, released at 13.30BST, the USDA reported wheat sales of 383,900 MT,down 12 percent from the previous week and 19 percent from the prior 4-week average. This was towards the lower end of pre-report trade estimates of 300-550,000MT.

Corn sales were 789,600 MT, down 19 percent from the previous week, but up 4 percent from the prior 4-week average. This was within pre-report trade estimates of 500-900,000MT.

Soybean sales of 784,100 MT were down 24 percent from the previous week's huge number, but up 16 percent from the prior 4-week average. This was within pre-report trade estimates of 600-900,000MT.