USDA Weekly Export Sales Report

The USDA released their weekly export sales report at 13.30BST today, here's a note of what they reported vs trade expectations:

Wheat 650,300MT (400-750,000MT)

Corn 385,900MT old crop; 949,000MT new crop (700-1,100,000MT)

Soybeans -49,700 MT old crop; 119,200MT new crop (200-600,000MT)

Soymeal 51,300MT old crop; 45,100MT new crop (50-200,000MT)

Soyoil 25,500MT old crop; NIL new crop (0-15,000MT)

The corn figure stands out as being quite strong, whilst the soybean figure looks very poor against what was expected.