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 ...

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