Corn and soybean export sales had solid gains in the latest USDA’s weekly report and topped trade forecasts, while the wheat numbers were down and below trade expectations.

Weekly corn sales of 53.8 million bushels were up sharply from the previous week with Japan, Taiwan and Peru the leading buyers. About 500,000 bushels of 2017/2018 corn were sold to unknown destinations.

Also on Thursday, USDA reported a daily sale of nearly 5 million bushels of 2016/2017 corn to unknown destinations. That business will be included in a future weekly report.

Soybean sales of 36 million bushels for the 2016/2017 year were up sharply from the prior week’s small amount. China, Mexico and Indonesia led buyers. Cancellations are being watched as global business will soon shift to South America and in Friday’s report unknown destinations cancelled 11 million bushels.

Also, there was a net sale of 2.45 million bushels of 2017/2018 soybeans to unknown destinations and to Japan.

Weekly wheat sales of nearly 9 million bushels for 2016/2017 were down 38% from the previous week with Mexico, Japan and Nigeria the leading buyers. Also, 2.2 million bushels of 2017/2018 wheat went to the Philippines and Honduras.

In Chicago futures’ overnight session, corn was largely unchanged while soybeans trimmed about two cents off overnight losses after the export report. Wheat futures had little reaction to the numbers. At the end of the overnight session, March corn was ¼ cent higher and May ¼ cent lower. March soybeans were 7-1/4 cents lower and May was down 7-1/4 cents.

CBOT March soft red winter wheat futures closed the overnight session 1/2 cent lower and May 1 cent lower. Kansas City’s March and May hard red winter wheat were each 2-1/2 cents lower for the session, and March spring wheat was down 2-1/4 cents and May down 1/4.

Soymeal export sales of 269,800 metric tons were more than double the previous week’s. Unknown destinations, the Philippines and Indonesia led buyers. A sale of 48,800 metric tons of 2017/2018 soymeal went to unknown destinations.

Soybean oil sales of 41,500 metric tons were up sharply from the prior week. Colombia, the Dominican Republic and Guatemala led buyers. Also, 48,800 of 2017/2018 soymeal went to unknown destinations.

Sorghum sales of 2.24 million bushels were up from the previous week, with China and Mexico the buyers.