Waiting On The USDA

It's a very boring, very quiet, no footie to look forward to sort of a day today. It's coming to something when we are relying on the USDA to liven things up this afternoon.

They're out with the May census soybean crush numbers and the weekly export sales reports this afternoon.

The trade expects 133.2 million bushels of soybeans to have been processed by US crushers last month, sharply down on the 146.2 million crushed in May 2009.

Meanwhile weekly export sales for soybeans are expected to come in around 350,000 to 500,000 MT, corn at 650,000 to 1 MMT and wheat at 250,000 to 450,000 MT. China may have booked some corn according to rumours circulating earlier in the week, will they show up today?