USDA Weekly Export Sales

18/11/10 -- USDA weekly export sales for the period ending Nov 11th 2010:

1,175,500 MT
800 TMT- 1.1 MMT
986,900 MT
400-600,000 MT
533,700 MT
500-700,000 MT

Wheat sales were significantly better than expected and up 47 percent from the prior 4-week average. The total includes 43,500 MT for 2011/12 delivery. Actual exports were 438,000 MT.

Soybean sales were a bit better than expected and included 168,000 MT for 2011/12 delivery. As has frequently been the case fo late 75% of the old crop sales were for China (829,800 MT), whilst the new crop sales consisted of 118,000 MT to China and 50,000 MT to unknown.

Corn sales were in line with expectations and South Korea (506,500 MT) was the main taker. There was no sign of China.