Weekly corn, soybean and wheat sales each slid on the week, though exports were quite notable, with soybeans rising 56% from the previous week to 922,100 MT.
Net soybean sales during the week ended March 13 totaled 352,600 MT, down 53% from the previous week and 29% from the four-week average, missing analysts’ pre-report expectations. Wheat sales marked net reductions, while corn sales were as expected.
Weekly wheat inspections during the week ended March 13, roes 251,000 MT from the previous week, exceeding expectations. Corn and soybean inspections were each lower on the week.
Weekly exports of upland cotton totaled 334,000 RB during the week ended Feb. 27, while net sales rose 45% to 241,500 RB. Meanwhile, corn and wheat sales were up on the week, while soybean sales slid.
Corn inspections during the week ended Feb. 27 rose 185,000 MT from the previous week and landed near the upper end of analysts’ pre-report range. Wheat inspections rose modestly, while soybean inspections declined 183,000 MT.
While net corn sales slid modestly during the week ended Feb. 13, weekly exports totaled 1.61 MMT. Mexico, Japan and South Korea were top destinations.
