USDA data shows corn sales jumped week-to-week, while wheat sales were narrowly lower.
Corn sales in the seven days ending on August 1 were reported at 485,000 metric tons. USDA says that’s up from 168,000 metric tons the week before and is a 32 percent increase from the prior four-week average. Mexico was the big buyer at 309,400 metric tons. Sales for the upcoming marketing year that starts September 1 totaled 249,000 metric tons.
Soybean sales hit 325,400 metric tons, two percent higher than the previous week and 66 percent from the average. China was the top buyer at 134,500 metric tons. Sales for the next marketing year totaled 985,200 tons.
Wheat sales fell four percent weekly to 274,000 metric tons. That’s down 23 percent from the average total for this time of year. Taiwan was the top wheat buyer at 105,700 metric tons, while Japan bought just over 63,000 tons.