USDA Weekly Export Sales Report

This summary is based on reports from exporters for the period March 14-20, 2008.

Wheat sales of 379,900 metric tons were much improved from the previous week and 57 percent over the prior 4-week average. Add to this sales of 182,900 MT for delivery in 2008/09 giving total net sales of 562,800 MT. This compares to expectations of 450,000 to 650,000 MT.

Corn sales of 632,500 metric tons were 16 percent under the previous week and 9 percent below the prior 4-week average. Add to this sales of 97,800 MT for delivery in 2008/09 giving total net sales of 730,300 MT. This compares to expectations of 650,000 to 850,000 MT.

Soybean sales of 369,600 MT were down 16 percent from the previous week, but unchanged from the prior 4-week average. Add to this net sales of 162,700 MT for delivery in 2008/09 giving total net sales of 532,300 MT. This compares to expectations of 350,000 to 500,000 MT.

Soymeal sales of 156,800 MT were 11 percent below the previous week, but 25 percent over the prior 4-week average. Add to this sales of 22,000 MT for delivery in 2008/09 giving total net sales of 178,800 MT. This compares to expectations of 100,000 to 150,000 MT.

Soyoil sales were 42,000 MT. This compares to expectations of 10,000 to 20,000 MT.