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Export Sales Rise for Week Ended February 22nd

USDA data shows grain and bean sales to overseas buyers rose week-to-week. Export sales of corn in the week ending on February 22 were reported at 1.08 million metric tons, up 32 percent from the previous week but down five percent from the prior four-week average. The agency says Mexico was the big buyer at 423,700 tons. Exports for the week came in at 1.22 million tons, up 19 percent week-to-week.

Wheat sales jumped 40 percent week-to-week and two percent above the average to 327,300 metric tons. Japan took in 88,700 tons. Wheat exports for the week came in at 538,700 tons, up 44 percent from the prior week. Soybean sales totaled 159,700 metric tons, up from a marketing year low of 55,900 tons during the previous week. That’s still down 30 percent from the prior four-week average. China bought 154,800 tons. Exports dropped eight percent to 1.1 million tons.

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