NEWS
Corn Export Sales Neutral
Todd Hultman DTN Grains Analyst
Thu Jun 19, 2014 07:56 AM CDT

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

Weekly export sales of corn showed a total of 187,900 mt (7.4 mb) with 109,000 mt (4.3 mb) for the 2013-2014 marketing year. This was below the 142,100 mt (5.6 mb) needed this week to stay on pace with USDA's demand projection of 1.900 bb. Weekly shipments of 1,123,000 mt (44.2 mb) were slightly above the 1,118,600 mt (44.0 mb) needed this week. This report should be viewed as neutral, Hultman said.

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