USDA Weekly Exports Sales Report Highlights
Probably the most significant factor in today's weekly export sales report from the USDA for the period June 5-11 was further old-crop soybean sales to China. Additionally there were no cancellations by China, although 28,000 MT to "unknown" was cancelled.
The USDA reported net old crop soybean sales of 145,700 MT, principally to Mexico (51,000 MT), China (49,400 MT). New crop sales came in at 105,000 MT split between China (60,000 MT) and unknown destinations (45,000 MT). Pre-report expectations had been for combined sales of 50,000-250,000 MT.
Corn sales were strong yet again coming in at 767,300 MT old crop and 376,200 MT for new crop. Pre-report expectations had been for combined sales of 650,000 to 1 million MT.
Wheat sales were 268,800 MT, primarily for Japan (61,700 MT), Indonesia (58,000 MT, switched from unknown destinations), Egypt (55,000 MT), Taiwan (49,800 MT) and Nigeria (46,000 MT). Pre-report expectations had been for sales of 200,000 to 400,000 MT.
Actual exports for beans were 349,400 MT, with surprise, surprise China taking the lion's share at 164,400 MT. Wheat exports came in at 392,800 MT and corn exports at 817,900 MT.
The USDA reported net old crop soybean sales of 145,700 MT, principally to Mexico (51,000 MT), China (49,400 MT). New crop sales came in at 105,000 MT split between China (60,000 MT) and unknown destinations (45,000 MT). Pre-report expectations had been for combined sales of 50,000-250,000 MT.
Corn sales were strong yet again coming in at 767,300 MT old crop and 376,200 MT for new crop. Pre-report expectations had been for combined sales of 650,000 to 1 million MT.
Wheat sales were 268,800 MT, primarily for Japan (61,700 MT), Indonesia (58,000 MT, switched from unknown destinations), Egypt (55,000 MT), Taiwan (49,800 MT) and Nigeria (46,000 MT). Pre-report expectations had been for sales of 200,000 to 400,000 MT.
Actual exports for beans were 349,400 MT, with surprise, surprise China taking the lion's share at 164,400 MT. Wheat exports came in at 392,800 MT and corn exports at 817,900 MT.
