NEWS
Weekly Corn, Soy Export Sales Bullish
Fri Dec 27, 2013 07:45 AM CST

OMAHA (DTN) -- This week's export sales report should be viewed as bullish for corn and soybeans and neutral to bullish for wheat, according to DTN Analyst Todd Hultman.

Weekly export sales of corn showed a total of 1,987,700 mt (78.2 mb) with 1,478,500 mt (58.2 mb) for the 2013-2014 marketing year. This was well above the 251,700 mt (9.9 mb) needed this week to stay on pace with USDA's demand projection of 1.450 bb. Weekly shipments of 1,348,200 mt (53.1 mb) were above the 731,400 mt (28.8 mb) needed this week. This report should be viewed as bullish, Hultman said.

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