USDA Weekly Export Sales

For the period July 23-29 the USDA reports the following export sales:


Net sales 854,600 MT for the 2010/11 marketing year were slightly above expectations for sales of 600,000 to 850,000 MT. Interestingly Egypt featured as a 110,000 MT buyer. Exports came in at 572,700 MT.


Net sales were just 6,000 MT for delivery in 2009/10 as traders switch their books around as the end of the marketing year approaches. Old crop featured decreases for China of 172,400 MT. Those seem to be switches into new crop where the USDA reported net sales of 1,168,100 MT, including China (799,500 MT) and unknown destinations (308,000 MT). Expectations were for sales of 950,000 – 1,250,000 MT. Actual exports were 259,700 MT.


Net sales of 472,200 MT for delivery in 2009/10 and 821,900 MT for delivery in 2010/11 exceeded expectations for combined sales of 900,000 to 1,200,000 MT. China took one cargo each of old and new crop. Actual shipments were 833,300 MT.