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Week Ends on Subdued Note
CHICAGO - Apr 13/07 - SNS -- International agriculture commodity markets are finishing the week's trading on a relatively quiet note, with little fresh business reported overnight.
Chicago Board of Trade (CBOT) analysts note that corn export sales have now reached 76.4% of the USDA forecast for the entire season as compared to 68.5% on average over the last five years.
Cumulative soybean sales have reached 92.9% of the new USDA forecast for the season as compared to 91.8% on average over the last five years. Cumulative soybean oil sales stand at 55.9% of the USDA forecast as compared to 49.9% on average over the last five years.
Cumulative wheat export sales have reached 94.7% of the new USDA forecast for the entire marketing year as compared to 90.7% on average over the last five years, say CBOT analysts. Sales of just 159,200 metric tons (MT) per week are needed to reach the USDA estimate.
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