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Markets Inspired by Demand
CHICAGO - Jan 4/08 - SNS -- International agriculture commodity markets started the last day of weekly trading on a firm note, inspired by a good volume of purchases intentions from Pakistan and other destinations.
The USDA released its weekly sales summary before markets opened. Soybean export sales activity was lower than expected at 150,600 metric tons (MT) for the week ended December 27, with Egypt taking 72,700 MT and Portugal 71,500. Soybean meal exports were 49,100 MT and soybean oil 5,700.
Corn export sales were also lower than expected at 688,500 MT. Key destinations include South Korea, Egypt and Japan. Wheat export sales were also lower than expected at 118,700 MT. Primary buyers include Nigeria at 52,300 MT and the Philippines at 20,000 MT.
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