May 21, 2004

Decent US Corn, Wheat Export Sales Totals

Analysts did not expect big totals for this week's export sales, and for the most part, actual numbers fell within the range of guesses.

Corn net sales looked the best, with just over 734,000 tons net, above most trade guesses by a slight margin.

Wheat net sales included a reduction of old crop, and a new crop net of almost 380,000 tons, also slightly above expectations.

Soybean net sales, for both old and new crop combined, were less than 60,000 tons, at the low end of guesses.