USDA Weekly Export Sales

Wheat export sales for the week ended June 12 were 538,100 tons, up 69% from the previous week and above trade estimates of 200,000 to 350,000 tons.

Corn weekly export sales reported by the USDA totaled 343,000 metric tons for old crop corn and 225,000 for new crop versus trade estimates of 200,000 to 500,000 tons.

Weekly soybean export sales were 180,300 metric tons. Sales in the 2007-08 crop year totaled 171,200 tons for the week ended June 12. Analysts had forecast sales between 200,000 and 475,000 metric tons. The sales were primarily for China with 82,000 metric tons.

Soymeal sales were a net 122,400 tons, in line with trade estimates of 75,000 to 175,000 tons.

Soyoil commitments were 900 metric tons, within trade estimates of zero to 10,000 tons.