NEWS
Weekly Soy, Wheat Export Sales Bullish
Darin Newsom DTN Senior Analyst
Fri Jan 24, 2014 07:45 AM CST

OMAHA (DTN) -- This week's 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 sales of corn showed a total of 629,200 mt (27.2 mb), with all but 200 mt for the 2013-2014 marketing year. This was well above the 223,200 mt (8.8 mb) needed this week to stay on pace with USDA's demand projection of 1.45 bb. Weekly shipments of 799,100 mt (26.6 mb) were above the 735,100 mt (28.9 mb) needed this week. For the marketing year, shipments are running 3% behind ...

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