USDA: Soybeans net sales up 54 percent from last week
According to the USDA's latest U.S. Export Sales report, soybeans net sales of 433,900 MT for the 2011/2012 marketing year were up 54 percent from the previous week, but down 16 percent from the prior 4-week average. Increases were primarily for China (257,100 MT, including 56,500 MT switched from unknown destinations and decreases of 11,400 MT), Mexico (64,500 MT), unknown destinations (56,000 MT), Japan (24,300 MT, including 9,000 MT switched from unknown destinations and decreases of 2,900 MT), Taiwan (13,200 MT), and Indonesia (10,300 MT).
Exports of 786,900 MT were reported primarily to China (526,900 MT), Mexico (104,900 MT), Tunisia (32,200 MT), Taiwan (31,800 MT), Turkey (30,900 MT), and Japan (24,400 MT).
Soybean closed strongly lower on Wednesday as the soybeans market was pressured by rainfall in Argentina and outside markets. On Friday futures opened 20 to 30 cents lower as the USDA tweaked the 2011 crop to 3.056 billion bushels, up 10 million from last month.
|REPORT||THIS WEEK||LAST WEEK||DIFFERENCE|
|SALES||10 WEEKS||27 WEEKS||THIS YEAR|
Self-contained hydraulic system with power cables (hydraulic). Tandem Henschen axles (hydraulic). Hydraulic fenders. Manual or hydraulic tilt. 6,500-gallon tank.
No matching related articles at this time.
- Avoid contaminating seed super boxes in handling
- U.N. warns food security a risk to Asia-Pacific
- Ag markets ended Tuesday in mixed fashion once again.
- Vietnam cuts rice export price floor, eyes Manila tender
- Ag markets turned decidedly mixed Tuesday morning
- Calculations for March 1 corn stocks estimate
- Are you in favor of a federal labeling standard for food that might contain genetically modified ingredients?
- Commentary: Barking up the wrong tree
- Julie Borlaug says biotech is necessary in fight against hunger
- Larson Electronics offers 150 Watt LED high bay light fixture
- Water allocation for most drought-stricken Calif. farms to end
- Panama says 'go' to GM mosquito evaluation