USDA Weekly Export Sales

For the week ended July 9 the USDA reported weekly export sales as follows:

Wheat 422,500 MT were mainly Nigeria (243,500 MT), Mexico (70,200 MT) and Brazil (51,000 MT).

Soybeans 134,200 MT old crop and 550,500 MT new crop. Old crop sales included 111,200 MT for China and new crop 525,000 MT also to Chinese buyers.

Corn 699,700 MT old crop and 468,000 MT new crop. Japan (281,400 MT) and Mexico (200,400 MT) took the bulk of the old crop and Mexico (203,100 MT) and unknown destinations (110,800 MT) the main new crop buyers.

Traders expected wheat sales from 400,000 to 500,000 MT, corn sales from 850,000 to 1.15 million MT and soybean sales from 500,000 to 750,000 MT.