USDA Weekly Export Sales Highlights

For the week ended Oct. 23 the USDA today reported export sales of:

Wheat: 460,400 MT, up 20 percent from the previous week, but down 7 percent from the prior 4-week average.

Corn: 413,100 MT were down 48 percent from the previous week and 50 percent from the prior 4-week average.

Soybeans: 1,457,300 MT--a marketing-year high--were double the previous week and more than double the prior 4-week average.

Soymeal: 130,200 MT were down 51 percent from the previous week and the prior 4-week average.

Soyoil: 5,200 MT were primarily for Hong Kong (3,000 MT) and Canada (600 MT).

Wheat sales were in line with trade expectations, whilst corn sales were below ideas of 700-900,000 MT. Soybean sales on the other hand were very strong, coming in half a million tonnes more than anticipated.