USDA Weekly Export Sales

Posted by Nogger - a legend in his own mind at 14:37 | Categorized as

14/02/13 -- The USDA's weekly export sales report surprised the market by showing wheat sales exceeding those for soybeans and corn combined. Now that hasn't happened for a long time. Wheat sales of 651,700 MT of old crop and 54,600 MT of new crop comfortably beat trade expectations of 275-400 TMT.

Soybean sales were disappointing, showing net cancellations for old crop of 109,200 MT and sales of 345,000 MT for new crop giving a combined 235,800 MT - well below market expectations of 700 TMT-1.1 MMT.

Corn sales were in line with trade ideas of 150-350 TMT at 225,400 MT of old crop and 59,300 MT of new crop.