NEWS
Darin Newsom DTN Senior Analyst
Thu Jul 25, 2013 09:09 AM CDT

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

Weekly export sales of corn showed a total of 448,000 mt (19.2 mb), with cancelations of 27,900 mt (-1.11 mb) for 2012-2013. Total reported sales for 2012-2013 remain above USDA's demand projection of 700 mb. Weekly shipments of 239,900 mt (9.4 mb) were below the 293,100 mt (11.5 mb) needed this week. This report should be viewed as bearish, Newsom said. Pre-report estimates for corn export sales ranged from 600,000 mt (23.6 ...

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