USDA Weekly Export Sales
The USDA reported weekly export sales for the period Aug 21-27 2009 as follows:
Wheat: total net sales of 406,700 MT were almost all old crop, against trade estimates of between 375,000 and 525,000 MT. Last week’s sales were 652,700 MT.
Corn: total net sales of 938,900 MT were split 344,900 MT old crop and 594,000 MT new crop, versus pre-report estimates of 700,000 to 900,000 MT. Last week’s sales were 973,000 MT.
Soybeans: total net sales of 1,048,900 MT were entirely new crop (new crop sales were negative 58,800 MT), compared to pre-report estimates of 550,000 to 750,000 MT.
The main taker on new crop beans was, you guessed it, China at 447,000 MT, followed by "unknown" at 309,500 MT, Mexico (139,700 MT), and Iran (63,000 MT).
Physical exports for beans came in at 608,400 MT, up 95 percent from the previous week and up noticeably from the prior 4-week average. The primary destinations were China (332,700 MT), Taiwan (85,300 MT), Israel (48,200 MT), Mexico (39,500 MT), and Turkey (29,300 MT).
Actual export for wheat were 435,400 MT and for corn 1,045,000 MT.
Wheat: total net sales of 406,700 MT were almost all old crop, against trade estimates of between 375,000 and 525,000 MT. Last week’s sales were 652,700 MT.
Corn: total net sales of 938,900 MT were split 344,900 MT old crop and 594,000 MT new crop, versus pre-report estimates of 700,000 to 900,000 MT. Last week’s sales were 973,000 MT.
Soybeans: total net sales of 1,048,900 MT were entirely new crop (new crop sales were negative 58,800 MT), compared to pre-report estimates of 550,000 to 750,000 MT.
The main taker on new crop beans was, you guessed it, China at 447,000 MT, followed by "unknown" at 309,500 MT, Mexico (139,700 MT), and Iran (63,000 MT).
Physical exports for beans came in at 608,400 MT, up 95 percent from the previous week and up noticeably from the prior 4-week average. The primary destinations were China (332,700 MT), Taiwan (85,300 MT), Israel (48,200 MT), Mexico (39,500 MT), and Turkey (29,300 MT).
Actual export for wheat were 435,400 MT and for corn 1,045,000 MT.
