Weekly export sales for corn were huge when data was released on Thursday. Our five year average history suggest this time of year, weekly sales results are typically 35 to 40 mil bushels. This week's report came in at nearly 85 mil bushels.
Fund buying showed its strength in the soybean futures market on Friday, boosting prices to three week highs, on the Chicago Board of Trade .
On Friday, March soybeans finished 16 1/4 cents higher at $5.89 ¼ per bushel.
Wheat markets experienced a very choppy last week, falling sharply early in the week on news that we'd been snubbed again by Egypt and on concerns that our rallies quickly price us out of export markets.
Looking at U.S. and world prospects for dry weather and tight supplies of protein and dry mill classed wheat, a bullish outlook could be developing, sending prices in late spring and summer as high as $3.80 per bushel, according to one wheat analyst.