CROPS NEWS
Darin Newsom DTN Senior Analyst
Thu Jun 12, 2014 08:13 AM CDT

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

Weekly export sales of corn showed a total of 20.3 mb (515,200 mt) with 16.1 mb (409,700 mt) for the 2013-2014 marketing year. This is above the 6.4 mb (162,600 mt) needed this week to stay on pace with USDA's demand projection of 1.9 bb. Total sales of 1.833 bb are 96% of projected demand, 3 percentage points behind the average pace. Weekly shipments of 42.2 mb (1,071,000 mt) ...

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