USDA weekly export sales strong wheat/soybeans, weak corn

This summary is based on reports from exporters for the period March 28-April 3, 2008.

Wheat net sales of 454,200 metric tons were 70 percent above the previous week and two and one-tenth times the prior 4-week average. Net sales of 309,400 MT for delivery in 2008/09 were mainly for Egypt (120,000 MT), Mexico (73,600 MT) & Japan (73,000 MT). This gives total export sales of 763,600 MT vs expectations of 300-750,000 MT.

Corn net sales of 473,900 metric tons--a marketing-year low--were 32 percent below the previous week and 34 percent under the prior 4-week average. The 2008-09 year saw sales of 9,600 tons. This gives total export sales of 483,500 MT vs expectations of 700-1,050,000 MT.

Soybean net sales of 583,800 MT were three and one-fifth times the previous week and 87 percent above the prior 4-week average. Net sales of 60,000 MT for delivery in 2008/09 were for unknown destinations (50,000 MT) and Japan (10,000 MT). This gives total net sales of 643,800 MT vs expectations of 200-600,000 MT.