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Quiet Start to Week
CHICAGO - Jan 8/07 - SNS -- International agriculture commodity markets started the week on a relatively slow note, with some parts of the world still complaining that traders have not yet returned from New Year's celebrations.
So far this marketing year, wheat export sales have reached 68.1% of the USDA forecast as compared to 70.9% on average over the last five years. Sales of 352,900 metric tons (MT) per week are needed to reach the USDA estimate, note Chicago Board of Trade (CBOT) analysts.
Cumulative corn exports sales have already reached 54.4% of the USDA forecast for the entire season as compared to 45.1% on average over the last five years. Sales of 722,800 MT per week are needed to reach the USDA estimate.
Cumulative soybean export sales have reached 64.0% of the USDA forecast for the entire season as compared to 70.4% on average over the last five years.
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