NEWS
Wheat, Bean Numbers Bullish
Darin Newsom DTN Senior Analyst
Thu Jul 24, 2014 07:54 AM CDT

OMAHA (DTN) -- Weekly export sales and shipment numbers released Thursday by USDA were bullish for soybeans and wheat and neutral to bearish for corn.

Weekly export sales of corn showed a total of 56.5 million bushels (1,434,900 metric tons) with 11.5 mb (291,500 mt) for the 2013-2014 marketing year. This is above the 0.6 mb (16,200 mt) needed this week to stay on pace with USDA's demand projection of 1.9 bb. Total sales of 1.907 billion bushels were 100% of projected demand, 3 percentage points behind the average pace. Weekly shipments of 39.1 mb (992,500 mt) were below the ...

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