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Thursday’s US grain export sales data upbeat

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Thursday’s weekly US Department of Agriculture (USDA) export sales report for the week ended Dec. 12 showed good corn, wheat and soybean sales. US exporters sold 868,600 metric tons (MT) of wheat last week, which is a marketing year high and 95%% above the prior four-week average. US soybean export sales last week were 1.431 million MT, up 18% from the prior four-week average and included 689,600 MT sold to China and 180,800 MT sold to unknown destinations.

US corn export sales rose to a marketing year high of 1.709 million MT, which is almost double the prior week’s sales. USDA’s daily export sales reporting service also said private exporters sold 126,000 MT of soybeans for delivery to China during the 2019-20 marketing year.

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