NEWS
Darin Newsom DTN Senior Analyst
Thu May 22, 2014 07:47 AM CDT

OMAHA (DTN) -- This week's 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 22.5 mb (570,400 mt) with 20 mb (507,900 mt) for the 2013-2014 marketing year. This is above the 9.2 mb (234,400 mt) needed this week to stay on pace with USDA's demand projection of 1.9 bb. Total sales of 1.772 bb are 93% of projected demand. Weekly shipments of 45.6 mb (1,159,100 mt) were above the 44.2 mb (1,123,600 mt) ...

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Grain Export Sales Mostly Neutral