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Markets Finishing Week on Quieter Note
CHICAGO - Jun 1/07 - SNS -- International agricultural commodity markets are finishing the week on a relatively quiet note, judging from the level of overnight trading activity.
The USDA's weekly export sales number for corn, released before markets opened in the U.S. this morning, were higher than expected at 676,100 metric tons (MT) of current and 689,500 MT of new crop for a total of 1,365,600 MT.
The latest weekly net export sales figures for wheat were also higher than expected at 248,900 MT of old crop and 958,800 MT of new crop wheat for a net of 709,900 MT after accounting for cancellations.
The USDA's weekly export sales for soybeans were above trade expectations at 345,300 of current and 530,600 MT of new crop for a total of 875,900.
There was no surprise in the meal export totals of 83,600 MT of current crop and cancellations of 13,000 MT of new crop for a net of 70,600 MT. Soybean oil sales were higher than expected at 7,600 MT.
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