NEWS
Export Sales Bullish for Corn, Wheat
Thu Sep 2, 2010 07:54 AM CDT

OMAHA (DTN) -- USDA's weekly export sales report numbers were bullish for corn and wheat and bearish for soybeans this week, according to DTN Analyst John Sanow.

Pre-report estimates for weekly export sales of soybeans (combined old-crop and new-crop) ranged from 700,000 mt (25.7 mb) to 900,000 mt (33.1 mb). The weekly report showed total export sales of 613,900 (22.6 mb), with old-crop sales of 900 mt (0.6 mb) bringing year-to-date sales to 1.52 bb, above USDA's demand projection of 1.47 bb. Total shipments of 234,600 mt (8.6 mb) were below the 958,600 mt (35.2 mb) needed this week. This ...

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