September 26, 2003



US Grain Export Sales Report


USDA weekly export sales indicated corn sales at 1.378 million metric tons, one-half above the previous week. The latest corn export figure was above trade expectations of 800,000-1.10 million metric tons.


The biggest corn customers were unknown destinations at 500,200 tons, followed by Japan with 215,800 tons, Taiwan at 210,600 tons and Egypt at 141,000 tons. The 2003/2004 marketing year began on Sept. 1.


For soybeans, export sales totalled 752,700 metric tons, within trade estimates of 500,000-800,000 metric tons, and 28 percent above the previous week. The main buyers were China at 330,000 tons, Japan at 126,300 tons and Belgium at 97,000 tons.


USDA wheat export sales figures of 770,200 metric tons were within the trade expectations of 600,000-800,000 metric tons. Also, this week's sales were 10 percent above the previous week. The main wheat buyers: Egypt at 171,200 tons, Mexico 109,900 tons and Japan at 92,400 tons.