CORN:
Net weekly export sales for corn, came in at 355,500 metric tonnes for the current marketing year and 2,300 for the next marketing year for a total of 357,800.
Cumulative corn sales stand at 36.2% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 40.3%. Sales of 720,000 metric tonnes are needed each week to reach the USDA forecast.
WHEAT:
Net weekly export sales for wheat, came in at 248,300 metric tonnes for the current marketing year and 5,000 for the next marketing year for a total of 253,300.
As of November 6, cumulative wheat sales stand at 71.5% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 62.8%. Sales of 264,000 metric tonnes are needed each week to reach the USDA forecast.
SOY COMPLEX:
Net weekly export sales for soybeans came in at 478,300 metric tonnes for the current marketing year and none for the next marketing year for a total of 478,300.
As of November 6, cumulative soybean sales stand at 56.3% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 51.6%. Sales of 284,000 metric tonnes are needed each week to reach the USDA forecast.
Net meal sales came in at 124,400 metric tonnes. Cumulative soybean meal sales stand at 33.0% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 36.9%. Sales of 112,000 metric tonnes are needed each week to reach the USDA forecast.
Net oil sales came in at 6,300 metric tonnes. Cumulative soybean oil sales stand at 17.2% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 24.4%. Sales of 18,000 metric tonnes are needed each week to reach the USDA forecast.
COTTON:
Net weekly export sales for cotton, came in at 134,000 running bales for the current marketing year and none for the next marketing year for a total of 134,000.
As of November 6, cumulative cotton sales stand at 56.5% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 48.1%. Sales of 138,000 running bales are needed each week to reach the USDA forecast.
