USDA Report Monster Export Sales
The USDA today reported another set of monster export sales for the week ended September 24th.
Soybean sales came in at 1,384,800 MT, with China confirmed as taking 808,800 MT of that, plus 'unknown destinations' - which of course frequently means China - taking the lion's share of the remainder with 359,000 MT. Pre-report estimates were for sales of 700,000 MT to 1 MMT.
Corn sales were also above trade expectations of 600-800,000 MT at 1,223,400 MT, up 82 percent from the previous week. Japan (586,900 MT), South Korea (200,500 MT), Mexico (185,100 MT), Guatemala (94,900 MT) and Taiwan (92,900 MT) were the main buyers.
Wheat sales were in line with forecasts of 400-600,000 MT at 538,200 MT. Mexico (69,800 MT), the Philippines (64,300 MT), Nigeria (63,000 MT) and Egypt (63,000 MT) were the main homes.
On the actual physical export front, exports of wheat were a marketing-year high at 631,300 MT. Corn exports were also strong at 965,200 MT, whilst bean exports of 209,000 MT were primarily to China (118,300 MT).
Soybean sales came in at 1,384,800 MT, with China confirmed as taking 808,800 MT of that, plus 'unknown destinations' - which of course frequently means China - taking the lion's share of the remainder with 359,000 MT. Pre-report estimates were for sales of 700,000 MT to 1 MMT.
Corn sales were also above trade expectations of 600-800,000 MT at 1,223,400 MT, up 82 percent from the previous week. Japan (586,900 MT), South Korea (200,500 MT), Mexico (185,100 MT), Guatemala (94,900 MT) and Taiwan (92,900 MT) were the main buyers.
Wheat sales were in line with forecasts of 400-600,000 MT at 538,200 MT. Mexico (69,800 MT), the Philippines (64,300 MT), Nigeria (63,000 MT) and Egypt (63,000 MT) were the main homes.
On the actual physical export front, exports of wheat were a marketing-year high at 631,300 MT. Corn exports were also strong at 965,200 MT, whilst bean exports of 209,000 MT were primarily to China (118,300 MT).
