Exports: Corn climbs as soybeans dip
Net sales of 607,700 MT for delivery in the 2013-2014 marketing year were primarily for China (601,000 MT). Exports of 569,900 MT were up noticeably from the previous week, but down 17 percent from the prior 4-week average. The primary destinations were Indonesia (150,000 MT), China (131,800 MT), Mexico (82,000 MT), Egypt (53,700 MT), Japan (38,500 MT), South Korea (26,400 MT), and Taiwan (26,000 MT).
On Wednesday the soybean market rose modestly despite a general lack of supportive news. Talk about surging South American supplies blunted demand for U.S. beans and undercut prices earlier in the day. Futures were set back early Thursday morning as there was little significant news concerning the legume market Wednesday night.
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