USDA Weekly Export Sales
21/10/10 -- The USDA this afternoon reported huge weekly soybean export sales for the week ended 14th October at 2,017,200 MT. Up 85 percent from the previous week and 66 percent from the prior 4-week average.
China took almost 1.5 MMT of that total, with "unknown" the next largest buyer taking 227,900 MT. Physical exports for the week were also large at 1,624,900 MT, with China again accounting for the lion's share of that at just over 1.1 MMT.
Pre-report estimates were for sales of 1.1-1.4 MMT.
Conversely corn sales disappointed at just 212,500 MT, down 77 percent from the previous week and 72 percent from the prior 4-week average. Pre-report estimates were for sales of 650 and 950 thousand MT. There was no sign of China, although they may show up next week.
Wheat sales were in line with expectations of 400 to 600 thousand MT at 574,000 MT.
Corn and wheat physical exports were broadly in line with recent weeks at 833,500 MT and 592,100 MT respectively.
China took almost 1.5 MMT of that total, with "unknown" the next largest buyer taking 227,900 MT. Physical exports for the week were also large at 1,624,900 MT, with China again accounting for the lion's share of that at just over 1.1 MMT.
Pre-report estimates were for sales of 1.1-1.4 MMT.
Conversely corn sales disappointed at just 212,500 MT, down 77 percent from the previous week and 72 percent from the prior 4-week average. Pre-report estimates were for sales of 650 and 950 thousand MT. There was no sign of China, although they may show up next week.
Wheat sales were in line with expectations of 400 to 600 thousand MT at 574,000 MT.
Corn and wheat physical exports were broadly in line with recent weeks at 833,500 MT and 592,100 MT respectively.
