USDA Issues Export Sales Reports Dating Back to Last Month

By Kirk Maltais

After a month of delays, the USDA has issued its weekly export sales, which show sales generally falling within trader expectations.

For its most recent report, for the week ended Sept. 8, corn sales totaled 583,100 metric tons. Wheat sales totaled 217,300 tons, and soybean sales totaled 873,000 tons. All three of these figures fall within expectations of traders surveyed by The Wall Street Journal, with wheat on the low end of forecasts and soybeans on the high end.

For the week ended September 1, the USDA reports wheat sales totaling 192,600 tons, corn sales totaling 816,000 tons, and soybean sales totaling 1.47 million tons. Wheat sales for this week fell below trader expectations, while soybean sales exceeded forecasts.

In today's release, the USDA combined the data for its reports for the weeks ended Aug. 18 and Aug. 25, with new sales of wheat reported at 1.03 million tons, soybeans at 355,200 tons, and corn at 243,800 tons.

The set of reports come after a delay dating back to last month, when the USDA retracted its Aug. 18 report amid questions about the accuracy of the reported data. The issues came amid efforts by the USDA to move its reporting over to a new system.

"Sales within expectations across the board with the resumption of normal reports failing to spark any major surprises yet," said Doug Bergman, head of the agricultural trading desk with RCM Alternatives, in a note following today's release.

In pre-market trading on the CBOT Thursday, grain futures are mixed, with most-active corn futures up 0.4%, soybeans virtually unchanged, and wheat down 0.6%.

To see related data, search "U.S. Export Sales: Weekly Sales Totals" in Dow Jones NewsPlus.

Write to Kirk Maltais at [e-mail]

(END) Dow Jones Newswires

09-15-22 0925ET