MARKETS NEWS
Divining Exports, the Old Way
Katie Micik DTN Markets Editor
Fri Oct 11, 2013 03:43 PM CDT

OMAHA (DTN) -- Rumor has it China may have purchased more than 1 million metric tons of corn, a sizeable amount of soybeans and some soft red winter wheat this week from the U.S.

With the government shutdown stretching past 10 days, the market's turned to social media websites, gossip and newsletters to guesstimate the pace of export agreements since USDA's export sales reporting system went dark.

"Prior to instituting the export sales report, there really was no system to account for and have some transparency in what had been sold and committed in the marketplace," said Vince Peterson, U.S. ...

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