Weekly Export Sales Still Look Sluggish

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We saw weekly export sales still look sluggish for corn and wheat, while soybeans remain on pace to hit USDA’s target. USDA said 10.4 million bushels (mb) of corn were sold for the week ended November 3rd. Net soybean sales of 29.2 mb were reported. Net wheat sales totaled 11.8 mb.

China was again the featured buyer of U.S. soybeans in the week ending Nov. 3 at a net 34.1 million bushels, but 21.8 million of that was a switch from previous sales to unknown destinations.

Beef net sales were up from last week to 13,700 MT and pork net sales fell to 10,800 MT for the week ended November 3rd.

View the full report here: https://apps.fas.usda.gov/export-sales/highlite.htm

 

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