USDA Weekly Export Sales

Posted by Nogger - a legend in his own mind at 13:44 | Categorized as

08/07/11 -- The USDA's weekly export sales report for the period June 24-30:

Corn sales were large as expected at 621,800 MT old crop and 868,800 MT new crop for a combined total of almost 1.5 MMT versus expectations of 700 TMT to 1.3 MMT. Unknown destinations took the largest volume of both old crop (250,600 MT) and new crop (783,000 MT).

Wheat sales came in at 424,200 MT, on the low end of expectations for 450-650 TMT. China popped up as surprise buyer on one 55,000 MT cargo.

Soybean sales were 305,700 MT old crop and 129,000 MT new crop towards the low end of combined expectations of 400-700 TMT.