USDA Export Sales report Highlights

Friday's delayed USDA export sales report pegged 07-08 corn sales at 477,400MT and 08-09 at 226,000MT against trade expectations for total sales of 450,000 to 900,000MT.

Soybeans sales were 245,600MT (07-08) and 262,700MT (08-09) vs 550,000MT to 750,000MT expected.

Wheat sales were negative for 07-08 at -340,700MT and 904,600MT for 08-09 against expectations of 150,000MT to 600,000MT. This included 200,000MT for Iraq switched from 07-08 to 08-09.