USDA Weekly Export Sales A Bit On The Low Side
The USDA weekly export sales report was out at 13.30GMT today, a day later than usual due to the Veterans Day holiday.
Here's what they had to say (vs trade expectations):
Wheat 248,300 (250-350,000) metric tons were down 32 percent from the previous week and 40 percent from the prior 4-week average. In addition, net sales of 5,000 MT for delivery in 2009/10 were for Mexico.
Corn 355,500 (400-600,000) metric tonnes were down 25 percent from the previous week and 46 percent from the prior 4-week average. In addition, net sales of 2,300 MT for delivery in 2009/10 were for Canada.
Soybeans 478,300 (550-750,000) metric tonnes were down 47 percent from the previous week and 53 percent from the prior 4-week average.
Soymeal 124,400 (75-125,000) metric tonnes were up 16 percent from the previous week, but down 33 percent from the prior 4-week average.
Soyoil 6,300 (0-10,000) metric tonne were for Mexico.
Here's what they had to say (vs trade expectations):
Wheat 248,300 (250-350,000) metric tons were down 32 percent from the previous week and 40 percent from the prior 4-week average. In addition, net sales of 5,000 MT for delivery in 2009/10 were for Mexico.
Corn 355,500 (400-600,000) metric tonnes were down 25 percent from the previous week and 46 percent from the prior 4-week average. In addition, net sales of 2,300 MT for delivery in 2009/10 were for Canada.
Soybeans 478,300 (550-750,000) metric tonnes were down 47 percent from the previous week and 53 percent from the prior 4-week average.
Soymeal 124,400 (75-125,000) metric tonnes were up 16 percent from the previous week, but down 33 percent from the prior 4-week average.
Soyoil 6,300 (0-10,000) metric tonne were for Mexico.