NEWS
Weekly Soy, Wheat Exports Bullish
Darin Newsom DTN Senior Analyst
Fri Sep 6, 2013 08:08 AM CDT

OMAHA (DTN) -- The weekly 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 shipments of corn came in at 371,400 mt (14.6 mb), putting the total for the 2012-2013 marketing year at 17,980,000 mt (708 mb). This is slightly below USDA's August demand estimate of 715 mb. Total outstanding sales of 1,000,000 mt (39 mb) will be rolled forward and added to total new-crop sales of 11,574,600 mt (455.6 mb). This week's new-crop sales were 328,300 mt (12.9 mb). This report should be ...

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