NEWS
Weekly Corn, Wheat Exports Bearish
Darin Newsom DTN Senior Analyst
Thu May 9, 2013 07:52 AM CDT

OMAHA (DTN) -- The weekly export sales report should be viewed as bearish for corn and wheat and bullish for soybeans, according to DTN Senior Analyst Darin Newsom.

Weekly export sales of corn showed a total of 276,700 mt (10.9 mb), with 115,800 mt (4.6 mb) for 2012-2013. The 2012-13 number is below the 198,400 mt (7.8 mb) needed this week to stay on pace with USDA's demand projection of 800 mb. Weekly shipments of 192,100 mt (7.6 mb) were also below the 433,300 mt (17.1 mb) needed this week. This report should be viewed as bearish, Newsom said. Pre-report ...

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