-Soybean sales weaker than expected
-Corn sales at lower end of expectations
-Wheat sales at upper end of expectations
-SBM/SBO sales strong
NOTE: Due to travel schedules, this week’s post only contains our usual summary charts of this week’s Export Sales data relative to market expectations.
Soybean sales were very limited again overall, while new Chinese activity was a mere 6k tonnes. Corn sales were the lowest in 8 weeks, but still met the average “needed” pace based on the USDA’s annual export estimate. Wheat sales were respectable, while SBM and SBO sales were strong, once again.
