Export prices for US soyabeans, corn and wheat shipped from the Gulf of Mexico ended the week lower due to a retreat in futures prices, traders said. Soyabean export sales were routine, with China taking a few cargoes but less than last week.
Soyabean market waiting to see whether China resumes large purchases, which might have to ship from the US due to tight South American supplies. US soyabeans offered at $378 per tonne FOB Gulf, down from $395 last week.
SOYA & WHEAT Corn export sales were strong this week, although much of that grain may ship from the Pacific Northwest, traders said. South Korean feedmakers estimated to have bought 385,000 tonnes of corn this week. USDA confirmed sales of 216,000 tonnes of US corn this week, with smaller sales to be reported on Thursday.
Taiwan feedmakers buying a few cargoes of US corn and soyabeans, including 35,750 tonnes of corn on Friday. US corn for April shipment offered at $166 per tonne FOB, down from $173 last week. Brazilian corn offered at $172, Argentine $155. US wheat losing export business due to its high price. Brazil expected to buy some Canadian wheat at $225 per tonne FOB for April through July shipment, traders said. Argentina willing to sell its wheat at $225 per tonne, down from $240. Canada, Australia and the United States have limited wheat export capacity left for March shipment, traders said.