Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Corn, Soybean, Wheat Sales Exceed Estimates
OMAHA (DTN) -- U.S. exporters sold more wheat and soybeans than analysts expected, and wheat sales were well above what is needed each week to reach current USDA projections.

"Year-to-date sales of all three major commodities (corn, wheat and soybeans) are running ahead of pace," said DTN Senior Analyst Darin Newsom. "Soybean sales have hit the USDA projection of 1.11 billion bushels with five weeks left in the marketing year."

Wheat sales this week totaled 31.7 million bushels (862,300 metric tons) were more than double what is needed each week to reach USDA's projected 950 million bushels and were about two-thirds more than the four-week average. Iraq was included with a sale of 55,000 metric tons (2 million bushels).

Corn sales were a marketing-year low of 9.7 million bushels (246,300 tons), but an additional 11.6 million bushels (294,300 tons) were listed for the next marketing year, which begins Sept 1. Corn sales now total 1.984 million bushels, compared to USDA's projected 1.950 million bushels.

Soybean sales totaled 4.3 million bushels (116,900 metric tons) for old crop, 64 percent above the four-week average. Sales for the next marketing year, which also begins Sept 1, totaled 4.9 million bushels (133,700 metric tons). Traders had expected a much smaller total for old crop sales of soybeans.

Despite the favorable report, futures trade today will still be predicated on weather forecasts, Newsom said, although the positive numbers could give wheat "a glimmer of hope."
MGR Archive 5.8.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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