NEWS
Fri Dec 28, 2012 07:48 AM CST

OMAHA (DTN) -- Thursday's weekly export sales report was bearish for corn, neutral to bullish for soybeans, and neutral for wheat, according to DTN Senior Analyst Darin Newsom.

Weekly export sales of corn showed a total of 104,300 mt (4.1 mb), all for 2012-2013. This is well below the 448,900 mt (17.7 mb) needed this week to stay on pace with USDA's demand projection of 1.15 bb. Weekly shipments of 286,600 mt (11.3 mb) were below the 624,900 mt (24.6 mb) needed this week. This report should be viewed as bearish, Newsom said. Pre-report estimates for corn export sales ranged ...

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