Content ID

45792

Corn Sales on Low End of Expectations; Soybeans, Wheat Within Projections

Corn sales were on the low end of expectations while soybean and wheat purchases were within projections in a delayed export sales report from the U.S. Department of Agriculture.
The report was delayed due to a snowstorm that shut down most of the government earlier this week. 
Corn exporters sold 817,000 metric tons of the grain to overseas buyers in the week that ended Jan. 21, according to the USDA. 
That's down from the prior week's 1.16 million tons, but still within the range of 800,000 to 1 million tons expected by the trade. Major buyers include Mexico, Japan, and Saudi Arabia. 
Soybean sales totaled 647,800 tons, also within the range of 500,000 to 800,000 tons, and down 34% from the prior seven days, according to the USDA. China bought 296,800 tons, though 195,000 tons of that was switched from a prior purchase by an unknown buyer, the agency said. 
Wheat exporters sold 294,200 tons, down 19% from the prior week but within the range of 200,000 to 400,000 tons forecast by analysts. Japan was the biggest buyer, purchasing 153,600 tons, and Indonesia, which bought 60,100 tons, according to the USDA. 

Read more about
Loading...

Talk in Marketing