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CORN: Net weekly export sales for corn, came in at 413,100 metric tonnes for the current marketing year and none for the next marketing year for a total of 413,100. As of October 23, cumulative corn sales stand at 32.8% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 36.1%. Sales of 764,000 metric tonnes are needed each week to reach the USDA forecast.
SOYBEANS: Net weekly export sales for soybeans came in at 1,457,300 metric tonnes for the current marketing year and none for the next marketing year for a total of 1,457,300. As of October 23, cumulative soybean sales stand at 49.9% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 45.9%. Sales of 321,000 metric tonnes are needed each week to reach the USDA forecast.
SOY MEAL: Net meal sales came in at 130,200 metric tonnes for the current marketing year. Cumulative soybean meal sales stand at 30.0% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 33.6%. Sales of 112,000 metric tonnes are needed each week to reach the USDA forecast.
SOYOIL: Cumulative soybean oil sales stand at 16.0% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 20.8%. Sales of 18,000 metric tonnes are needed each week to reach the USDA forecast.
WHEAT: Net weekly export sales for wheat, came in at 460,400 metric tonnes for the current marketing year and 36,000 for the next marketing year for a total of 496,400. As of October 23, cumulative wheat sales stand at 69.2% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 58.6%. Sales of 266,000 metric tonnes are needed each week to reach the USDA forecast.
COTTON: Net weekly export sales for cotton, came in at 57,100 running bales for the current marketing year and 500 for the next marketing year for a total of 57,600. As of October 23, cumulative cotton sales stand at 53.4% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 44.2%. Sales of 141,000 running bales are needed each week to reach the USDA forecast.
BEEF: Weekly US beef export sales for the week ending October 30 came in at 8,600 metric tonnes making it 488,400 metric tonnes for the year. This compares to year ago weekly sales of 9,800 metric tonnes and 375,100 for the year. Before Mad Cow (2003) cumulative sales as of this week were 728,300 metric tonnes.
