NEWS
Thu Jun 13, 2013 08:55 AM CDT

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

Weekly export sales of corn showed a total of 149,500 mt (5.9 mb), with 81,500 mt (3.2 mb) for 2012-2013. The 2012-13 number is above the 32,900 mt (1.3 mb) needed this week to stay on pace with USDA's revised demand projection of 700 mb. Weekly shipments of 232,800 mt (9.2 mb) were below the 293,400 mt (11.6 mb) needed this week. This report should be viewed as neutral ...

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