USDA Weekly Export Sales - Soybeans Exceed 2.5 MMT
In amongst a plethora of data from the USDA today were the weekly export sales numbers for July 30 - August 5. Here's the highlights of those:
Wheat
Net sales 1,329,700 MT were well above what we've seen recently and exceeded trade expectations for sales of 800,000 – 1,000,000 MT. Unknown destinations took 414,000 MT and Egypt 190,000 MT.
Corn
Net 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.
Soybeans
Net sales of 266,200 MT for delivery in 2009/10 and a huge 2,341,700 MT for delivery in 2010/11 easy surpassed expectations for sales of 1,500,000 – 2,000,000 MT. China took a stunning 1,762,500 MT of the new crop sales with unknown destinations accounting for a further 339,500 MT.
Wheat
Net sales 1,329,700 MT were well above what we've seen recently and exceeded trade expectations for sales of 800,000 – 1,000,000 MT. Unknown destinations took 414,000 MT and Egypt 190,000 MT.
Corn
Net 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.
Soybeans
Net sales of 266,200 MT for delivery in 2009/10 and a huge 2,341,700 MT for delivery in 2010/11 easy surpassed expectations for sales of 1,500,000 – 2,000,000 MT. China took a stunning 1,762,500 MT of the new crop sales with unknown destinations accounting for a further 339,500 MT.