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Corn, Soy Export Sales Higher for Week

Corn, Soy Export Sales Higher for Week
Wheat sales decline in weekly USDA export report

Export sales of 2014/2015 U.S. corn and soybeans were up from the previous week, with soybeans slightly better than trade expectations, while corn matched expectations, USDA's weekly export report showed on Thursday.

Weekly wheat export sales were down 54% from the previous week and below trade expectations in a Reuters survey.

In a separate daily report, USDA said China bought 4.04 million bushels of 2014/2015 soybeans. It was USDA's third daily soybean sale announcement to China this week. China bought 4.34 million bushels on Monday and 22.8 million on Wednesday.

Wheat sales decline in weekly USDA export report

The weekly exports appeared to have little effect on Chicago grain futures where corn, soybeans and wheat were trading mostly lower after the report.

The weekly net corn sales of about 26 million bushels went to Peru, Japan, Mexico and others.

Wheat net sales of 11.6 million bushels were led by Japan, Chile, and Venezuela.

Weekly soybean net sales of 53.9 million bushels were led by China, unknown destinations, and Egypt. The report included about 88,200 bushels of 2015/2016 soybeans to Japan.

Net weekly sales of 2013/2014 soymeal were 16,200 metric tons with Venezuela, Guatemala and Trinidad the leading buyers. Sales of 2014/2015 soymeal were a net 183,500 metric tons and led by Mexico and the Dominican Republic.

The marketing year for soybean meal begins October 1.

View the Sept. 18 USDA weekly export report online.

Corn, Soy Export Sales Higher for Week

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