USDA Export Sales

Posted by Nogger - a legend in his own mind at 13:38 | Categorized as

08/12/11 -- The USDA's weekly export sales came in at 427,200 MT for wheat (in line with expectations of 300-500 TMT), 695,500 MT for corn (350-450 TMT) and 770,400 MT for beans (550-650 TMT).

There was also a small amount of new crop corn (12,500 MT) and beans (25,200 MT) sold.

Weekly shipments for wheat were better than in recent weeks at 430,300 MT, but even so that is still below the level required to meet the USDA's target for the current season. That's the eight time in the the last nine weeks that this has been the case.

Corn sales included 238,100 MT to China, who were also responsible once again for the vast majority of soybean sales (551,100 MT).