USDA Export Sales
The USDA announced another set of large weekly export sales for corn this week, with net sales of 1,481,000 MT for delivery in 2009/10, up 47 percent from the previous week. There were no sales reported for delivery in 2010/11, but old crop sales easily outstripped expectations for sales of between 850,000 and 1.1 MMT.
Soybean net sales of 308,600 MT for delivery in 2009/10 were up 95 percent from the previous week, China took 128,700 MT of that. There was also a sale of 60,000 MT for delivery in 2010/11 for China. Estimates for combined sales had ranged from 450,000 to 650,000 MT.
Wheat net sales of 166,400 metric tons for delivery in 2009/10 were up 65 percent from the previous week. Net sales of 298,300 MT for delivery in 2010/11 were mainly for the Philippines (189,600 MT). Estimates were for combined sales of 350,000 to 500,000 MT.
Corn shipments were 1,155,700 MT, beans 426,900 MT and wheat 432,000 MT. China was the main destination for beans with 188,100 MT.
Soybean net sales of 308,600 MT for delivery in 2009/10 were up 95 percent from the previous week, China took 128,700 MT of that. There was also a sale of 60,000 MT for delivery in 2010/11 for China. Estimates for combined sales had ranged from 450,000 to 650,000 MT.
Wheat net sales of 166,400 metric tons for delivery in 2009/10 were up 65 percent from the previous week. Net sales of 298,300 MT for delivery in 2010/11 were mainly for the Philippines (189,600 MT). Estimates were for combined sales of 350,000 to 500,000 MT.
Corn shipments were 1,155,700 MT, beans 426,900 MT and wheat 432,000 MT. China was the main destination for beans with 188,100 MT.