NEWS
Weekly Corn, Bean Export Sales Neutral
Darin Newsom DTN Senior Analyst
Thu Jul 11, 2013 07:57 AM CDT

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

Weekly export sales of corn showed a total of 1,049,800 mt (41.3 mb), with 392,000 mt (9.2 mb) for 2012-2013. Total reported sales for 2012-2013 are above USDA's demand projection of 700 mb. Weekly shipments of 265,800 mt (10.5 mb) were below the 302,900 mt (11.9 mb) needed this week. This report should be viewed as neutral given the numbers reflect last week's holiday shortened timeframe, Newsom said. Pre-report estimates for corn ...

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