Export Numbers Positive
Some good news in the USDA export numbers that came out on Thursday. Standard Grain’s Joe Vaclavik has the details.
Vaclavik… “Export sales for corn, soybeans, and wheat very good. We saw corn sales at 1.8 million for this year, another 83,000 for next year. Soybean sales at 904,000. Wheat sales 740,000 and 366,000 for next year. The most interesting thing about the sales, perhaps, to me at least, is that China was the largest buyer of corn. China was the largest buyer of wheat. And China was the largest known a buyer of soybeans. So that is interesting in itself. We hope this is a sign of things to come. We could really use the demand, especially in corn, where we continue to lose demand via ethanol.”
Chicago May Wheat futures yesterday closed down $0.11 to $5.69.
Kansas City Hard Red Winter Wheat down $0.13 ½ to $4.87 ¼.
May Corn closed up just a quarter cent to $3.48 ½.
Portland prices for soft white wheat of ordinary protein steady yesterday ranging from $6.05 to $6.15.
Club Wheat of Ordinary Protein steady as well ranging from $6.15 to $7.80.
Dark Northern Spring wheat prices down $0.06 ¼ ranging from $6.66 ¼ to $7.01 ¼ for 14% protein.
Live Cattle futures were down. $3 on the April board to $105.45. Feeder Cattle also down $3.62 ½ to $125.10.
Class III milk fell another $0.24 to $15.70.