USDA Weekly Export Sales
05/05/11 -- The USDA have today reported the following weekly export sales for the week ended Apr 28th 2011:Wheat sales of 273,900 MT old crop and 275,700 MT new crop gave us a combined total of 549,600 MT - in line with trade expectations for sales of 300-600,000 MT. That's where to good news ends. Corn sales of 284,200 MT were below trade expectations of 350-650,000 MT and soybean sales were a disaster at just 21,000 MT, even though trade hopes weren't that high at 100-300,000 MT.
Soybean exports of just 200,200 MT were down 26 percent from the previous week and 58 percent from the prior 4-week average, the USDA said.
I guess we don't have to look too far past soybeans for this afternoon's whipping boy then?
