USA: Soybeans shine in weekly export sales report

Soybeans were the only bright spot in the latest Export Sales report from the USDA. Sales of 364,500 MT were up noticeably on the week, and up 17 percent from the prior 4-week average. Increases were primarily for the Netherlands, unknown destinations (which typically flips to China), Japan, Spain, and Indonesia. There were slight reductions for Mexico. Exports of 684,000 were up 22 percent from the previous week but down 9 percent from the prior 4-week average. Corn sales of 537,700 MT were down 58 percent from the previous week and 68 percent from the prior 4-week average. Increases were seen in Mexico, Japan, China, Colombia, and unknown destinations (which typically is switched to China). Reductions were noted in South Korea, Panama, El Salvador, Qatar, and the Dominican Republic. Exports of 917,000 MT were down 19 percent from the previous week and 15 percent compared to the prior 4-week average. Wheat sales of 135,700 MT were down 30 percent from the previous week and ...