USDA Weekly Export Sales/Shipments - China Takes Almost 1MMT Soybeans

For the week ended Dec 11 the USDA has announced the following export sales:

Corn 612,500 MT 2008-09 (vs expectations 550,000 to 750,000 MT)

Wheat 262,100 MT (250,000 to 400,000 MT)

Soybeans 893,600 MT 2008-09; 6,700 MT 2009-10 (600,000 to 700,000 MT)

Soymeal 62,200 MT 2008-09; 400 MT 2009-10 (50,000 to 100,000 MT)

Soyoil 1,500 MT (5,000 to 10,000 MT)

Soybean sales stand out as being particularly strong, with 823,100 MT, including 156,000 MT switched from unknown destinations, going to China.

Export shipments for soybeans of 1,154,700 MT were also impressive, again China taking the lion's share at 972,800 MT.

Corn exports during the period were 710,200 MT, and wheat exports 415,400 MT.