CROPS NEWS
Darin Newsom DTN Senior Analyst
Thu Jun 26, 2014 07:48 AM CDT

OMAHA (DTN) -- This week's export sales report should be viewed as bullish for corn, soybeans and wheat, according to DTN Senior Analyst Darin Newsom.

Weekly export sales of corn showed a total of 21.8 mb (553,500 mt) with 12.7 mb (321,400 mt) for the 2013-2014 marketing year. This is above the 5.7 mb (145,000 mt) needed this week to stay on pace with USDA's demand projection of 1.9 bb. Total sales of 1.850 bb are 97% of projected demand, 3 percentage points behind the average pace. Weekly shipments of 45.5 mb (1,154,500 mt) were above the 44.0 mb (1,118,100 ...

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