It was a mixed week for grain and oilseed export sales. USDA reports sales of corn and soybean meal for the week ending February 18 were smaller than expected while soybeans and wheat were within pre-report projections and bean oil was above estimates. Physical shipments of corn and soybeans were more than what’s needed weekly to meet USDA projections for the 2009/10 marketing year but wheat fell short.
Wheat came out at 375,700 tons (13.8 million bushels), were down 8% from the week ending February 11 and 26% lower than the four week average. The top buyer was Nigeria at 206,300 tons. For the 2009/10 marketing year to date, wheat sales are 715.4 million bushels, compared to 881.5 million in 2008/09. Sales of 33,300 tons (1.2 million bushels) for 2010/11 delivery were to Mexico (29,300 tons) and Japan (4,000 tons).
Corn was reported at 401,300 tons (15.8 million bushels), 59% less than the previous week and 55% below the four week average. South Korea was the leading purchaser with 230,300 tons while unknown destinations canceled on 299,900 tons. So far this marketing year, corn sales are 1.230 billion bushels, compared to 1.110 billion this time last year. Sales of 50,000 tons (2.0 million bushels) for 2010/11 delivery were to unknown destinations.
Soybeans were placed at 239,100 tons (8.8 million bushels), an increase of 17% from the prior week but a decrease of 39% from the four week average. China picked up 177,700 tons but unknown destinations canceled on 249,000 tons. At this point in the marketing year, soybean sales are 1.312 billion bushels, compared to 989.6 million a year ago. Sales of 2,900 tons (100,000 bushels) for 2010/11 delivery were to Japan.
Soybean meal was pegged at 81,900 tons, 66% under the week before and down 55% from the four week average. The top buyer was Morocco at 63,000 tons and unknown destinations canceled on 164,300 tons. Cumulative bean meal sales for the current marketing year are 7,419,100 tons, compared to 4,277,600 this time last year.
Soybean oil was reported at 40,200 tons, 14% lower than the previous week and 18% less than the four week average. The Dominican Republic was the leading purchaser at 9,700 tons. 2009/10 soybean oil sales are 1,085,700 tons, compared to 367,400 in 2008/09.
Net beef sales totaled 8,800 tons, 18% below the prior week and 30% under the four week average. The listed buyers were Mexico (4,000 tons), Canada (1,600 tons), Japan (500 tons) and South Korea (400 tons).



Latest: 