USDA Export Sales

The USDA weekly export sales for the period June 18-24 were as follows:

Corn: sales of 649,700 MT for delivery in 2009/10 and 76,500 MT for delivery in 2010/11 were below expectations for combined sales of 850,000 – 1,450,000 MT. China was not in evidence. Exports of 952,400 MT were up 16 percent from the previous week.

Wheat: sales of 418,400 MT for the 2010/11 marketing year were in line with expectations of 350,000 – 450,000 MT. Exports were 548,600 MT.

Soybeans: sales of 264,000 MT for delivery in 2009/10 and 451,000 MT for delivery in 2010/11 were ahead of expectations for combined sales of 450,000 – 550,000 MT. China bought 60,000 MT old crop and 341,000 MT new crop. Unknown also took 73,500 MT old and 110,000 MT new crop. Exports of 138,400 MT were down 42 percent from the previous week, with nothing going to China.