NEWS
Weekly Soy, Wheat Export Sales Bullish
Thu Jan 16, 2014 07:54 AM CST

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

Weekly export sales of corn showed a total of 821,000 mt (32.3 mb), with all for the 2013-2014 marketing year. This was well above the 240,900 mt (9.5 mb) needed this week to stay on pace with USDA's demand projection of 1.45 bb. Weekly shipments of 674,500 mt (26.6 mb) were below the 733,300 mt (28.9 mb) needed this week. For the marketing year, shipments are running 3% behind average pace. This ...

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