USDA Weekly Export Sales

For the period November 20-26 the USDA report the following export sales:

Soybeans

Net sales of 722,600 MT were towards the low end of expectations of 650,000 MT to 1 MMT. Featured buyers were China (312,300 MT), Cuba (115,000 MT), Taiwan (112,900 MT), Turkey (69,300 MT), Egypt (65,600 MT) and the Netherlands (65,100 MT). There was also one small sale of 7,600 MT for delivery in 2010/11 for Mexico.

Exports of 1,363,700 MT were down 44 percent from the previous week and 26 percent from the prior 4-week average. The primary destinations were China (723,600 MT), Taiwan (145,300 MT), South Korea (113,100 MT), Egypt (65,600 MT), the Netherlands (65,100 MT), and France (63,400 MT).

Corn

Net sales of 659,000 MT were in line with forecasts of 400-900,000 MT. The main buyers were Japan (295,200 MT), South Korea (262,800 MT0, Taiwan (112,300 MT) and Saudi Arabia (95,500 MT).

Exports of 879,500 MT were up 40 percent from the previous week and 27 percent from the prior 4-week average. The primary destinations were Mexico (177,600 MT), South Korea (172,100 MT), Japan (164,500 MT), Taiwan (155,500 MT) and Saudi Arabia (95,500 MT).

Wheat

Net sales were 390,700 MT, in line with forecasts of 300-500,000 MT. The main homes were Japan (113,700 MT), Iraq (100,000 MT) and Nigeria (56,000 MT). It was also interesting to see Brazil (23,800 MT) feature.

Exports of 385,000 MT were down 8 percent from the previous week and 7 percent from the prior 4-week average. The primary destinations were Japan (60,800 MT), Yemen (42,100 MT), the Philippines (38,300 MT), Spain (36,800 MT), Nigeria (31,200 MT) and South Korea (26,900 MT).