USDA Weekly Export Sales
For the period-March 12-18, 2010 the USDA report the following export sales:
Wheat sales of 371,200 metric tons for delivery in 2009/10 plus a further 148,000 MT for delivery in 2010/11 bring combined sales to 519,200 MT, above expectations of 250-450,000 MT. Actual exports of 453,000 MT were up 76 percent from the previous week.
Corn sales of 606,800 MT for delivery in 2009/10 were in line with expectations of sales of 550-750,000 MT. There were no new crop sales. Exports of 1,160,800 MT were up 22 percent from the previous week.
Soybean sales of 273,400 MT for delivery in 2009/10 and 46,500 MT for delivery in 2010/11 make a combined total of 319,900 MT, somewhat below expectations of 350-550,000 MT. China was missing from the list of buyers for both old and new crop. There were cancellations of 236,900 MT for "unknown" for 2009/10 and 65,000 MT of 2010/11 for China. Exports of 796,200 MT were down 13 percent from the previous week, China took 283,900 MT.
The numbers look a little friendly for wheat, neutral for corn and bearish for soybeans.
Wheat sales of 371,200 metric tons for delivery in 2009/10 plus a further 148,000 MT for delivery in 2010/11 bring combined sales to 519,200 MT, above expectations of 250-450,000 MT. Actual exports of 453,000 MT were up 76 percent from the previous week.
Corn sales of 606,800 MT for delivery in 2009/10 were in line with expectations of sales of 550-750,000 MT. There were no new crop sales. Exports of 1,160,800 MT were up 22 percent from the previous week.
Soybean sales of 273,400 MT for delivery in 2009/10 and 46,500 MT for delivery in 2010/11 make a combined total of 319,900 MT, somewhat below expectations of 350-550,000 MT. China was missing from the list of buyers for both old and new crop. There were cancellations of 236,900 MT for "unknown" for 2009/10 and 65,000 MT of 2010/11 for China. Exports of 796,200 MT were down 13 percent from the previous week, China took 283,900 MT.
The numbers look a little friendly for wheat, neutral for corn and bearish for soybeans.
