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Markets Keeping Busy
CHICAGO - May 3/07 - SNS -- International agriculture commodity markets remain relatively busy despite limited tender activity.
The USDA's latest weekly export sales summary was released before markets opened today.. Corn sales were lower than expected at 615,000 metric tons (MT) of current and 40,300 MT of new crop for a total of 655,300 MT.
Weekly soybean export sales were higher than expected at 70,700 MT of current and 542,000 MT of new crop for a combined net of 471,300 MT sold. Meal sales were about as expected at 119,100 MT of current and 5,300 MT of new crop for a total of 124,400. Oil sales were also about as expected at 3,500 MT.
Weekly wheat export sales were lower than expected at 152,700 MT of current and 62,500 MT of new crop for a total of 215,200 MT.
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