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Corn Export Sales Just Below Expectations

February 9, 2012
By: Meghan Pedersen, Pro Farmer Associate Editor

The Weekly Export Sales Report for the week ended Feb. 2, 2012, showed corn export sales just below expectations, wheat sales above and soybean sales within expectations. Soymeal and soyoil sales topped expectations.

 

USDA Weekly Export Sales Report
Week Ended Feb. 2, 2012

Corn

Actual Sales (in metric tons -- MT)

Combined: 757,800 MT
2011-12: 694,100 MT
2012-13: 63,700 MT

Trade Expectations

800,000 to 1,150,000 MT

Weekly Sales Details

Net sales of 694,100 MT for the 2011-12 marketing year resulted as increases for Japan (351,800 MT, including 147,600 MT switched from unknown destinations and decreases of 12,200 MT), Mexico (232,100 MT, including 37,500 MT switched from unknown destinations and decreases of 8,600 MT), China (118,900 MT, including 105,700 MT switched from unknown destinations), Venezuela (89,300 MT, including 5,000 MT switched from unknown destinations and decreases of 1,300 MT), South Korea (55,000 MT), and Guatemala (20,100 MT, including 15,200 MT switched from unknown destinations and 2,500 MT switched from Nicaragua), were partially offset by decreases for unknown destinations (220,600 MT). Net sales of 63,700 MT for delivery in the 2012-13 marketing year were reported for Cuba (50,000 MT), Japan (38,300 MT), and unknown destinations (25,400 MT). Decreases were reported for China (50,000 MT).

Weekly Export Details

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RELATED TOPICS: Corn, Soybeans, Wheat, Cotton, USDA, Exports

 
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