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USDA weekly export sales data sharply higher

Agriculture.com Staff 05/04/2006 @ 7:35am

Corn, wheat, and soybeans all experienced a boost in export sales this past week, according to the USDA's weekly report.

For wheat, net sales of 388,800 metric tons (MT) were two and one-third times the previous week and 72 percent over the prior 4-week average. Increased purchases were recorded for Egypt (114,000 MT), Japan (73,900 MT, including 21,600 MT late reporting), Iraq (54,100 MT), the Philippines (50,800 MT), Chile (33,000 MT), and Venezuela (31,000 MT).

For corn, net sales of 1,282,200 MT were 64 percent above the previous week and 53 percent over the prior 4-week average. Some of the biggest buyers of U.S. corn included Japan (562,500 MT, including 46,700 MT late reporting), Taiwan (282,400 MT), Egypt (120,000 MT), and Mexico (82,500 MT, including 15,500 MT switched from unknown destinations).

Soybean net sales of 182,500 MT were 64 percent above the week earlier, but 27 percent under the prior 4-week average. Major increases were reported for Mexico (69,100 MT), Japan (58,200 MT), unknown destinations (16,000 MT), Taiwan (14,100 MT), and Turkey (9,900 MT).

Corn, wheat, and soybeans all experienced a boost in export sales this past week, according to the USDA's weekly report.

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