By Kirk Maltais
Wheat export sales reported by the Department of Agriculture hit a marketing year high for the week ended Oct. 5, the agency said.
In its weekly export sales report Friday, the USDA said sales of wheat totaled 652,000 metric tons. That’s on the high end of expectations from analysts surveyed by The Wall Street Journal this week, who had forecast sales between 250,000 tons to 700,000 tons.
Corn and soybean sales were at the high end of analyst expectations, with soybeans totaling slightly above the high end of the range. Corn sales totaled 997,800 tons, versus analyst expectations of 680,000 tons to 1.2 million tons. Soybean sales totaled 1.06 million tons, versus analyst expectations of 650,000 tons to 1 million tons.
China was the leading buyer of wheat and soybeans for the week. Mexico was the leading buyer of corn.
Grain futures on the CBOT are higher in premarket trading Friday, with most-active corn futures up 0.5%, soybeans up 0.5%, and wheat up 1.7%.
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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