NEWS
Weekly Grain Exports Mixed
Darin Newsom DTN Senior Analyst
Fri Feb 21, 2014 07:58 AM CST

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

Weekly export sales of corn showed a total of 691,400 mt (27.4 mb) for the 2013-14 marketing year. This was well above the 198,700 mt (7.9 mb) needed this week to stay on pace with USDA's demand projection of 1.60 bb. Weekly shipments of 745,000 mt (29.6 mb) were below the 855,200 mt (33.9 mb) needed this week. For the marketing year, shipments are running 6% behind average pace. ...

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