CBOT Close
Soybeans: August beans closed at USD10.57, up 12 1/2 cents; August soybean meal closed at USD315.40, up USD4.90; August soybean oil closed at 41.09, down 54 points. Weekly export sales were large at 266,200 of old crop and a huge 2,341,700 MT of new crop. China bwas the main buyer of new crop at 1,762,500 MT.
Corn: September corn closed at USD4.06 1/4, up 10 3/4 cents; December corn closed at USD4.21 3/4, up 10 3/4 cents. Net weekly export sales of 439,700 MT for delivery in 2009/10 and 478,800 MT for delivery in 2010/11 were at the low end of expectations for sales of 950,000 – 1,200,000 MT. Shipments were unchanged from the four week average at 1,008,200 MT.
Wheat: Sept CBOT wheat closed at USD7.13, up 18 1/4 cents; Sept KCBT wheat closed at USD7.25, up 15 cents; Sept MGEX wheat closed at w.17 3/4, up 19 cents. Weekly export sales of 1,329,700 MT were well above what we've seen recently. The USDA rojected world wheat production at 645.73 MMT down from last months 661.07 MMT.
Corn: September corn closed at USD4.06 1/4, up 10 3/4 cents; December corn closed at USD4.21 3/4, up 10 3/4 cents. Net weekly export sales of 439,700 MT for delivery in 2009/10 and 478,800 MT for delivery in 2010/11 were at the low end of expectations for sales of 950,000 – 1,200,000 MT. Shipments were unchanged from the four week average at 1,008,200 MT.
Wheat: Sept CBOT wheat closed at USD7.13, up 18 1/4 cents; Sept KCBT wheat closed at USD7.25, up 15 cents; Sept MGEX wheat closed at w.17 3/4, up 19 cents. Weekly export sales of 1,329,700 MT were well above what we've seen recently. The USDA rojected world wheat production at 645.73 MMT down from last months 661.07 MMT.