Good week for beef, new crop corn exports

The USDA reports grain and oilseed export sales for the week ending August 30th were within most pre-report estimates. Officially, there is still one reporting day left for 2017/18 corn, sorghum, and soybean export sales.

Wheat came out at 379,800 tons (14.0 million bushels), down 8% from the week ending August 23rd and 14% lower than the four-week average. South Korea purchased 124,000 tons and the Philippines bought 115,800 tons, but unknown destinations canceled on 120,100 tons.

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