NEWS
Weekly Corn, Wheat Exports Bearish
Todd Hultman DTN Grains Analyst
Thu Sep 3, 2015 07:51 AM CDT

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

Weekly export sales of corn showed a total of 17.4 mb (441,000 mt), 4.4 mb (112,700 mt) of which was for the 2014-2015 marketing year. Total sales for the 2014-2015 marketing year of 1.867 bb are above USDA's demand projection of 1.850 bb. Weekly shipments of 32.3 mb (820,600 mt) were below the 112.8 mb (2,864,900 mt) needed this week. Total shipments are 96% of USDA's projected demand and 4 percentage points behind ...

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