USDA Export Sales
The USDA report the following sales activity for the week ending April 8th 2010:
Soybean net sales of 158,000 MT for delivery in 2009/10 plus 293,200 MT for delivery in 2010/11 were in line with expectations for combined sales of 300,000 – 500,000 MT. China interestingly bought both old crop (66,200 MT) as well as new crop (288,500 MT). Shipments were 439,000 MT - unchanged from the previous week with China (176,100 MT) taking the lion's share.
Corn sales of 1,006,300 MT for delivery in 2009/10 and 140,900 MT for delivery in 2010/11 were above expectations for combined sales of 800,000 – 1,000,000 MT. Exports of 1,113,100 MT were up 27 percent from the previous week.
Wheat sales of 101,100 MT for delivery in 2009/10 and 310,800 MT for delivery in 2010/11 were in line with expectations for total sales of 450,000 – 600,000 MT. Most of the new crop was for unknown destinations (138,500 MT), I wonder if any of that was China? Exports of 476,900 MT were up 6 percent from the previous week.
Soybean net sales of 158,000 MT for delivery in 2009/10 plus 293,200 MT for delivery in 2010/11 were in line with expectations for combined sales of 300,000 – 500,000 MT. China interestingly bought both old crop (66,200 MT) as well as new crop (288,500 MT). Shipments were 439,000 MT - unchanged from the previous week with China (176,100 MT) taking the lion's share.
Corn sales of 1,006,300 MT for delivery in 2009/10 and 140,900 MT for delivery in 2010/11 were above expectations for combined sales of 800,000 – 1,000,000 MT. Exports of 1,113,100 MT were up 27 percent from the previous week.
Wheat sales of 101,100 MT for delivery in 2009/10 and 310,800 MT for delivery in 2010/11 were in line with expectations for total sales of 450,000 – 600,000 MT. Most of the new crop was for unknown destinations (138,500 MT), I wonder if any of that was China? Exports of 476,900 MT were up 6 percent from the previous week.