NEWS
Thu Nov 8, 2012 07:46 AM CST

OMAHA (DTN) -- Thursday's weekly export sales report was bearish for corn and wheat and bullish for soybeans, according to DTN Analyst John Sanow.

Pre-report estimates had weekly corn export sales at 100,000 mt (3.9 mb) to 300,000 mt (11.8 mb). The weekly report showed old-crop export sales of 157,600 mt (6.2 mb), well below the 416,000 mt (16.4 mb) needed to stay on pace with USDA's 1.15 bb demand projection. Shipments of 395,500 mt (15.6 mb) were below the 579,500 mt (22.8 mb) needed this week. This report should be viewed as bearish, Sanow said.

Pre-report estimates for weekly ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
(none currently available)