U.S. Grain Export Sales Hit High End of Forecasts

By Kirk Maltais

U.S. grain export sales landed on the high end of trader expectations, according to the U.S. Department of Agriculture.

The USDA reported Thursday that for the week ended March 9, sales of wheat totaled 492,600 metric tons, corn sales totaled 1.42 million tons and soybean sales totaled 731,100 tons across the 2022/23 and 2023/24 marketing years. All three of these totals were on the high end of expectations of grain traders surveyed by The Wall Street Journal the week.

For the week, the Philippines was the leading buyer of wheat, Japan was the leading buyer of corn and China was the leading buyer of soybeans.

Grain futures are mixed in premarket trading Thursday on the CBOT, with most-active futures up 0.4% for corn and soybeans and down 0.4% for wheat.

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

03-16-23 0925ET