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U.S. net corn sales jumped to their highest weekly mark since October of 2013. U.S. soybean exports were on the rise with a 23% increase against the 10-week average.

Weekly U.S. net corn sales for the week ending January 24th in the 2013/2014 marketing year were 1,831,900 metrics tons (MT), a 165% increase from the previous week and 150% increase from the prior 10-week average. Increases were reported from Japan, unknown destinations, Spain, Egypt and South Korea. Decreases were reported from the French West Indies. Exports were 1,004,100 MT, a 26% increase from the prior week and 19% increase from the prior 10-week average. The primary destinations were Japan, Mexico, Colombia, Peru and South Korea.

Weekly net soybean sales were 494,800 MT, a 30% decrease from the previous week and 41% decrease from the prior ten week average. Increases were reported from China, Netherlands, Mexico, Japan and Spain. Decreases were reported from unknown destinations and Cuba. Exports were 2,114,600 MT, a 38% increase from the prior week and 23% increase from the prior 10-week average. Primary destinations were China, Netherlands, Japan, Spain and Germany.

Weekly net wheat sales were 794,900 MT, an 89% increase from the previous week and 92% increase from the prior 10-week average. Increases were reported from Japan, South Korea, Nigeria, Philippines and Taiwan. Decreases were reported from unknown destinations, Indonesia and Guatemala. Exports were 422,000, a 0.3% increase from the prior week and a 4% decrease from the prior 10-week average. Primary destinations were Nigeria, Sri Lanka, Mexico, Japan and Guatemala.

Source: USDA Weekly Exports: Corn Sales Spike