October 24, 2014

Weekly Export Sales 7-17-14

Corn
CornExportSales07032014 The weekly export sales report is viewed as supportive for corn. Sales of 573,700 tonnes were reported for old crop (250,000 – 350,000 expected) and 495,000 tonnes for new (350,000 – 450,000 expected). Sales now total 100% of USDA’s whole-year expectation.
Soybeans
BeanExportSales07102014 Weekly sales of soybeans are neutral/slightly supportive during the June 27 – July 3 period. Sales of 37,700 tonnes were seen for old crop (-50,000 – +75,000 expected) and 561,000 tonnes for new (500,000 – 700,000 expected). Sales now total 103% of USDA’s whole-year expectation, after USDA raised their expectation on the July 11th WASDE report.
Wheat
WheatExportSales71014 In the sixth week of the new crop marketing year wheat sales ran 320,700 tonnes (400,000 – 550,000 expected).

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