By Kirk Maltais
Export sales reported by the U.S. Department of Agriculture for the week ending November 30 fell within the expectations of analysts surveyed by The Wall Street Journal.
In its weekly report issued Thursday, the USDA said that export sales of corn totaled 1.29 million metric tons in the 2023/24 marketing year. Soybean sales were 1.52 million tons for the period, and wheat sales were 356,400 tons. All three of these totals were lower than what was reported last week, but landed within the ranges forecasted by surveyed analysts.
China was the leading buyer for U.S. soybeans for the week. Taiwan was the leading buyer of wheat, and Japan was the top purchaser of corn.
While the report contained little in the way of surprises, export sales are expected to be a big focus of trading tomorrow, once the USDA releases its monthly WASDE report at noon eastern time Friday.
CBOT grain futures are higher pre-market. Most-active corn is up 0.6%, soybeans are up 0.7%, and wheat is virtually unchanged.
To see related data, search “U.S. Export Sales: Weekly Sales Totals” in Dow Jones NewsPlus.
Write to Kirk Maltais at [email protected]
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