U.S. grain export sales were mixed in the latest weekly report from the USDA. Soybean sales fell to their lowest level of the marketing year that began September 1. Soybean sales totaled just 141,900 metric tons in the week ending April 30, down 45 percent from the previous week and 51 percent below the four-week average. China was the top buyer at 66,900 metric tons, followed by Japan and Indonesia.
Corn sales reached 1.36 million metric tons, down 15 percent week-over-week, though exports jumped 28 percent to 2.06 million metric tons. Taiwan, Colombia, and South Korea were among the largest buyers. Wheat sales saw the steepest decline, plunging 65 percent to 78,800 metric tons as cancellations from unknown buyers and Indonesia offset purchases from Vietnam, Thailand, and Mexico. Despite weak sales, wheat exports rose 15 percent from the prior week.
-NAFB