USDA Weekly Export Sales
The USDA's weekly export sales report came in better than expected across the board. Soybean sales were 205,700 MT for delivery in 2009/10 and 238,100 MT for delivery in 2010/11 (mainly for China with 225,000 MT). The trade had been expecting sales of only 150,000 – 350,000 MT.
Corn sales of 1,357,800 MT for delivery in 2009/10 were very respectable, although there was a net reduction of 59,800 MT for delivery in 2010/11. Trade estimates were for sales of 600,000 – 900,000 MT.
Wheat sales were 323,700 MT for delivery in 2009/10 and a further 209,700 MT for delivery in 2010/11. Pre-report estimates were for sales of 250,000 – 450,000 MT.
Of note on the wheat sales was that China featured for the second week running, this time booking 55,600 MT of old crop and 50,600 MT of new crop.
Corn sales of 1,357,800 MT for delivery in 2009/10 were very respectable, although there was a net reduction of 59,800 MT for delivery in 2010/11. Trade estimates were for sales of 600,000 – 900,000 MT.
Wheat sales were 323,700 MT for delivery in 2009/10 and a further 209,700 MT for delivery in 2010/11. Pre-report estimates were for sales of 250,000 – 450,000 MT.
Of note on the wheat sales was that China featured for the second week running, this time booking 55,600 MT of old crop and 50,600 MT of new crop.