USDA Weekly Export Sales Report

This summary is based on reports from exporters for the period March 21-27, 2008.

Wheat sales of 267,200 metric tons were 30 percent below the previous week, but 3 percent over the prior 4-week average. Add to this sales of 121,100 MT for delivery in 2008/09 giving total net sales of 388,300 MT. This compares to expectations of 450,000 to 650,000 MT.

Corn sales of 704,400 metric tons were 11 percent above the previous week and 1 percent over the prior 4-week average. Add to this sales of 241,300 MT for delivery in 2008/09 giving total net sales of 945,700 MT. This compares to expectations of 550,000 to 750,000 MT.

Soybean sales of 184,800 MT were down 50 percent from the previous week and 42 percent from the prior 4-week average. Add to this net sales of 230,000 MT for delivery in 2008/09 giving total net sales of 414,800 MT. This compares to expectations of 350,000 to 750,000 MT.

Soymeal sales of 90,000 MT were 43 percent below the previous week and 35 percent under the prior 4-week average. There were no sales for delivery in 2008/09 giving total net sales of 90,000 MT. This compares to expectations of 100,000 to 175,000 MT.

Soyoil sales were 55,800 MT. This compares to expectations of 10,000 to 25,000 MT.