NEWS
Corn, Wheat Exports Neutral
Thu Feb 27, 2014 07:45 AM CST

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

Weekly export sales of corn showed a total of 842,300 mt (33.2 mb) with 840,800 mt (33.1 mb) for the 2013-2014 marketing year. This was well above the 190,900 mt (7.5 mb) needed this week to stay on pace with USDA's demand projection of 1.600 bb. Weekly shipments of 853,100 mt (33.6 mb) were below the 863,600 mt (34.0 mb) needed this week. This report should be viewed as neutral, Hultman said.

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