USDA Report More Monster Soybean Sales

The USDA's weekly export sales report for the period September 11-17, 2009 reported another set of impressive figures, particularly for soybeans.

Soybean net sales were 1,152,000 MT for the 2009/10 marketing year, of which 654,500 MT went to China and a further 91,000 MT to 'unknown'.

Corn export sales came in at 673,300 MT, and wheat export sales were 506,900 MT.

Estimates for today’s were 500,000 to 800,000 MT for soybeans, 600,000 to 900,000 MT for corn and 300,000 to 500,000 MT for wheat.

Actual wheat exports of 616,500 MT were a marketing-year high, with the primary destinations being Japan (115,400 MT), Spain (67,500 MT), Egypt (63,000 MT), Sri Lanka (57,800 MT), Nigeria (46,700 MT), and Mexico (44,500 MT).

Corn exports of 1,038,300 MT were primary to Japan (277,000 MT), South Korea (235,500 MT) and Mexico (180,900 MT).

Physical soybean exports were surprisingly only 83,300 MT, primarily to Japan (41,300 MT).