NEWS
Darin Newsom DTN Senior Analyst
Thu Jul 31, 2014 07:48 AM CDT

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

Weekly export sales of corn showed a total of 49.9 mb (1,267,000 mt) with 6.8 mb (173,800 mt) for the 2013-2014 marketing year. Total sales were 1.914 bb, 1% above USDA's demand projection of 1.9 bb. Weekly shipments of 34.1 mb (865,500 mt) were below the 47.2 mb (1,198,900 mt) needed this week. Total shipments or 1.651 bb were 87% of USDA's projection, 4 percentage points behind average pace. This report ...

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