USDA Weekly Export Sales
Wheat
Wheat sales came in at 408,900 MT for delivery in 2009/10, plus a further 54,500 MT for delivery in 2010/11. That makes combined sales of 463,400 MT, slightly better than expectations of sales of 350-450,000 MT. Nigeria (162,900 MT), Japan (83,200 MT) and Mexico (63,300 MT) were the main old crop buyers. Exports of 364,600 MT were down 19 percent from the previous week and 11 percent from the prior 4-week average. Exports are consistently falling a little short of requirements to hit the USDA's current target of 22.5 MMT for the 2009/10 marketing year.
Soybeans
Net sales of 203,600 MT for delivery in 2009/10 were a marketing-year low for the third week in a row. There was also a tiny sale of 300 MT for delivery in 2010/11, bringing total net sales to 203,900 MT, below expectations of 250-400,000 MT. For the first time in a billion years there were no sales at all to China. The net figure includes decreases reported for unknown destinations of 279,000 MT. Exports of 1,119,000 MT were down 7 percent from the previous week and 17 percent from the prior 4-week average. The primary destinations was China taking 561,200 MT.
Corn
Net sales of 974,600 MT for delivery in 2009/10 were very respectable (there were no sales reported for delivery in 2010/11), compared to analysts' estimates of 600-800,000 MT. Exports of 652,200 MT were up 8 percent from the previous week, but down 16 percent from the prior 4-week average. The primary destinations were Japan (226,500 MT), Mexico (148,300 MT) and South Korea (115,000 MT).
Wheat sales came in at 408,900 MT for delivery in 2009/10, plus a further 54,500 MT for delivery in 2010/11. That makes combined sales of 463,400 MT, slightly better than expectations of sales of 350-450,000 MT. Nigeria (162,900 MT), Japan (83,200 MT) and Mexico (63,300 MT) were the main old crop buyers. Exports of 364,600 MT were down 19 percent from the previous week and 11 percent from the prior 4-week average. Exports are consistently falling a little short of requirements to hit the USDA's current target of 22.5 MMT for the 2009/10 marketing year.
Soybeans
Net sales of 203,600 MT for delivery in 2009/10 were a marketing-year low for the third week in a row. There was also a tiny sale of 300 MT for delivery in 2010/11, bringing total net sales to 203,900 MT, below expectations of 250-400,000 MT. For the first time in a billion years there were no sales at all to China. The net figure includes decreases reported for unknown destinations of 279,000 MT. Exports of 1,119,000 MT were down 7 percent from the previous week and 17 percent from the prior 4-week average. The primary destinations was China taking 561,200 MT.
Corn
Net sales of 974,600 MT for delivery in 2009/10 were very respectable (there were no sales reported for delivery in 2010/11), compared to analysts' estimates of 600-800,000 MT. Exports of 652,200 MT were up 8 percent from the previous week, but down 16 percent from the prior 4-week average. The primary destinations were Japan (226,500 MT), Mexico (148,300 MT) and South Korea (115,000 MT).