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BrownfieldAgNews reports:

USDA reports soybean and wheat export sales for the week ending April 25 were larger than expected, while corn and soybean oil were within the anticipated range, and soybean meal was below pre-report estimates.

Physical shipments of soybeans were more than what's needed weekly to meet USDA projections for the 2012/13 marketing year but corn and wheat fell short of their respective marks.

Wheat came out at 219,200 tons (8.1 million bushels), up sharply from the week ending April 18 but down 14% from the four week average. Spain bought 70,000 tons and Egypt picked up 64,700 tons. Nearing the end of the 2012/13 marketing year, wheat sales are 974.7 million bushels, compared to 1.002 billion late in 2011/12. Sales of 497,300 tons (18.3 million bushels) for 2013/14 delivery were mostly to Guatemala (184,000 tons) and unknown destinations (100,800 tons). The 2013/14 marketing year for wheat starts June 1.

Corn was reported at 329,300 tons (13.0 million bushels), 5% higher than the previous week and 4% above the four week average. Japan purchased 107,800 tons and Mexico picked up 93,800 tons. For the marketing year to date, corn sales are 659.4 million bushels, compared to 1.469 billion this time last year. Sales of 656,000 tons (25.8 million bushels) for 2013/14 delivery were mainly to China (300,000 tons) and unknown destinations (295,000 tons).

Old crop soybeans had a net reduction of 109,800 tons (4.0 million bushels). Sales of 6,900 to 90,900 tons were more than offset by cancellations from China (276,300 tons) and unknown destinations (56,800 tons). So far this marketing year, soybean sales are 1.333 billion bushels, compared to 1.250 billion a year ago. Sales of 1,341,100 tons (49.3 million bushels) for 2013/14 delivery were primarily to China (1,150,000 tons) and unknown destinations (171,000 tons).

Soybean meal was pegged at 93,200 tons, 52% lower than both the week before and the four week average. Unknown destinations bought 40,900 tons and Guatemala purchased 11,000 tons. Cumulative soybean meal sales for the current marketing year are 8,675,500 tons, compared to 6,333,700 last year. Sales of 55,700 tons for 2013/14 delivery were to unknown destinations (51,000 tons), Trinidad (4,500 tons), and Canada (200 tons).

Soybean oil came out at 1,100 tons. Sales to Mexico (1,800 tons) and Belgium (100 tons) were partially offset by a cancellation from Canada (800 tons). 2012/13 soybean oil sales are 831,800 tons, compared to 372,900 in 2011/12.

Net beef sales were reported at 14,300 tons, a decrease of 10% on the week but an increase of 7% from the four week average. The listed buyers were Japan (8,300 tons), Mexico (1,700 tons), South Korea (1,300 tons), Hong Kong (1,100 tons), and Canada (800 tons).

Net pork sales totaled 8,000 tons. The reported purchasers were Mexico (3,200 tons), Japan (1,100 tons), Hong Kong (1,000 tons), Canada (900 tons), and Ukraine (600 tons).

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