NEWS
Darin Newsom DTN Senior Analyst
Thu Apr 24, 2014 07:51 AM CDT

OMAHA (DTN) -- This week's export sales report should be viewed as neutral 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 39.4 mb (1,001,800 mt) with 24.4 mb (618,900 mt) for the 2013-2014 marketing year. This is above the 3.7 mb (94,200 mt) needed this week to stay on pace with USDA's demand projection of 1.750 bb. Total sales of 1.698 bb are 97% of projected demand. Weekly shipments of 63.8 mb (1,621,100 mt) were also above the 38.3 mb (966,300 mt) needed ...

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