USDA Weekly Export Sales

Posted by Nogger - a legend in his own mind at 13:52 | Categorized as

06/06/13 -- The USDA weekly export sales report is just out, here's the highlights:

SOYBEANS

Sales of 48,400 MT of old crop and 589,900 MT of new crop were in line with trade expectations of a combined 3-700 TMT. Exports were 122,700 MT. Exports plus outstanding sales now total 36.62 MMT, or 99.7% of the USDA target for the season. Meal sales were robust again incidentally at 134,200 MT of old crop and 137,100 MT of new crop.

CORN

Corn sales came in at 107,200 MT of old crop and only 51,600 MT of new crop versus expectations of a net 5-800 TMT combined. Shipments this week were 359,800 MT. Exports plus outstanding sales are 89.1% of the USDA target for the season.

WHEAT

Sales were negative 33,200 MT on old crop and 664,900 MT for new crop giving a combined total of 631,700 MT versus expectations of 3-600 TMT. Exports last week through to Thursday were 528,500 MT. Net exports for the 2012/13 season are 26 MMT with a further 1 MMT of outstanding sales unshipped. The USDA target for 2012/13 (which finished on Friday) was 28.0 MMT, leaving around 2 MMT of extra stocks to be carried into 2013/14.