By Kirk Maltais
Weekly export sales of U.S. grains mostly fell within the projections of traders, with wheat and corn sales slightly exceeding forecasts.
For the week ended Dec. 22, export sales of wheat across the 2022/23 and 2023/24 marketing years totaled 511,100 metric tons, while sales of corn across both years totaled 951,600 tons, according to data from the U.S. Department of Agriculture.
Both figures are slightly above the forecasts of traders surveyed this week by The Wall Street Journal, who had forecast wheat sales to land anywhere from 200,000 to 500,000 tons and corn sales to land anywhere from 600,000 to 900,000 tons.
Export sales for soy products fell within trader estimates. Soybean sales totaled 705,800 tons, including a cancellation of sales worth 278,300 tons to unknown destinations. Soymeal sales totaled 264,300 tons and soyoil sales totaled 5,400 tons.
Grain futures are mixed in premarket trading Friday, with most-active corn futures virtually unchanged, soybeans up 0.9%, and wheat down 0.1%.
Write to Kirk Maltais at kirk.maltais@wsj.com
To see related data, search "U.S. Export Sales: Weekly Sales Totals" in Dow Jones NewsPlus.
(END) Dow Jones Newswires
12-30-22 0924ET
