USDA Export Sales
The USDA report the following export sales in their weekly report:
Wheat
Net sales of 430,600 MT for delivery in 2009/10 plus sales of 53,000 MT for delivery in 2010/11 just beat forecasts for sales of 300,000 – 450,000 MT. Actual shipments of 693,000 MT were a marketing-year high. In addition to that the USDA separately reported a one-off sale of 140,000 MT of 2010/11 wheat to Nigeria today.
Soybeans
Net sales of 178,500 MT for delivery in 2009/10 plus sales of 210,000 MT for delivery in 2010/11 were in line with expectations of 350,000 – 550,000 MT. China (66,500 MT) took some of the old crop and 221,000 MT of the new crop. Actual shipments of 1,033,700 MT were robust with China taking 407,000 MT.
Corn
Net sales of 826,100 MT for delivery in 2009/10 plus a further 400 MT for delivery in 2010/11 meant that total sales were above forecasts of 600,000 – 750,000 MT. Shipments fo of 1,214,600 MT were also pretty respectable.
Wheat
Net sales of 430,600 MT for delivery in 2009/10 plus sales of 53,000 MT for delivery in 2010/11 just beat forecasts for sales of 300,000 – 450,000 MT. Actual shipments of 693,000 MT were a marketing-year high. In addition to that the USDA separately reported a one-off sale of 140,000 MT of 2010/11 wheat to Nigeria today.
Soybeans
Net sales of 178,500 MT for delivery in 2009/10 plus sales of 210,000 MT for delivery in 2010/11 were in line with expectations of 350,000 – 550,000 MT. China (66,500 MT) took some of the old crop and 221,000 MT of the new crop. Actual shipments of 1,033,700 MT were robust with China taking 407,000 MT.
Corn
Net sales of 826,100 MT for delivery in 2009/10 plus a further 400 MT for delivery in 2010/11 meant that total sales were above forecasts of 600,000 – 750,000 MT. Shipments fo of 1,214,600 MT were also pretty respectable.