NEWS
Corn, Wheat Export Sales Bearish
Thu Feb 7, 2013 07:46 AM CST

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

Weekly export sales of corn showed a total of 160,400 mt (6.3 mb), with 168,900 mt (6.6 mb) for 2012-2013 (2013-2014 saw a reduction of 8,500 mt). This is well below the 343,400 mt (13.5 mb) needed this week to stay on pace with USDA's demand projection of 950 mb. Weekly shipments of 208,700 mt (8.2 mb) were below the 523,100 mt (20.6 mb) needed this week. This report should be viewed as bearish, Newsom ...

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