NEWS
Darin Newsom DTN Senior Analyst
Fri Oct 17, 2014 07:50 AM CDT

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

Weekly export sales of corn showed a total of 95.8 mb (2,433,300 mt), with 75.7 mb (1,922,800 mt) for the 2014-2015 marketing year. This was more than three times the 24.4 mb (620,300 mt) needed this week to stay on pace with USDA's demand projection of 1.75 bb. Weekly shipments of 35.5 mb (901,700 mt) were above the 33.8 mb (859,500 mt) needed this week. This report could be viewed as bullish, Newsom said.

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