USDA Export Sales

The USDA reported weekly export sales of 513,600 MT for wheat, a bit better than the 350-450,000 MT expected. Brazil was the biggest buyer taking 85,000 MT. Actual shipments were 557,600 MT.

For corn, old crop sales of 501,200 MT for delivery in 2009/10 included 60,600 MT to China. There were also sales of 324,800 MT for delivery in 2010/11. Actual shipments were 1,030,500 MT. Pre-report estimates were for combined net sales of 800-1,100,000 MT.

For soybeans, old crop sales of 262,600 MT were almost all for China. There were also sales of 602,300 MT for delivery in 2010/11, which were also mainly for China (360,000 MT). Pre-report estimates were for combined net sales of 500-750,000 MT. Shipments were just 76,000 MT - a marketing-year low.

In a separate missive the USDA today announced the sale of 120,000 MT of soybeans to China for 2010/11.