Not sure what was expected. Wheat was weak again, corn was ok and soybeans featured a negative number.
Maybe the strong dollar is hurting here?
https://apps.fas.usda.gov/export-sales/highlite.htm
Wheat: Net sales of 112,300 metric tons for delivery in marketing year 2017/2018 were up 78 percent from the previous week, but down 29 percent from the prior 4-week average.Increases were primarily for South Korea (75,200 MT), Guatemala (22,000 MT, including 19,500 MT switched from unknown destinations and decreases of 100 MT), Ghana (18,500 MT, including 16,900 MT switched from unknown destinations), Nigeria (13,700 MT, including 13,100 MT switched from unknown destinations), and El Salvador (8,200 MT, including 6,800 MT switched from unknown destinations and decreases of 100 MT).Reductions were primarily reported for unknown destinations (32,300 MT).For 2018/2019, net sales of 340,000 MT were primarily reported for Taiwan (85,800 MT), Japan (55,400 MT), and Iraq (50,000 MT).Exports of 362,200 MT were down 12 percent from the previous week and 10 percent from the prior 4-week average.The primary destinations were to South Korea (83,300 MT), the Philippines (79,200 MT), Mexico (37,200 MT), Guatemala (32,300 MT), and Venezuela (30,000 MT).
Corn:Net sales of 854,300 MT for 2017/2018 were down 13 percent from the previous week, but up 3 percent from the prior 4-week average.Increases were reported for Japan (326,900 MT, including 60,000 MT switched from unknown destinations and decreases of 3,700 MT), South Korea (223,300 MT, including 150,000 MT switched from unknown destinations), Mexico (150,800 MT, including decreases of 28,200 MT), China (88,200 MT, including 65,000 MT switched from unknown destinations), and Vietnam (68,900 MT, including 65,000 MT switched from unknown destinations).Reductions were primarily for unknown destinations (318,400 MT).For 2018/2019, net sales of 273,400 MT were reported for Japan (188,000 MT) and Vietnam (60,000 MT).Exports of 1,469,300 MT were down 6 percent from the previous week and 9 percent from the prior 4-week average.The destinations were primarily to Mexico (371,700 MT), South Kora (286,900 MT), Japan (172,300 MT), Egypt (116,600 MT), and China (72,200 MT).
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Soybeans:Net sales reductions of 139,500 MT for 2017/2018 were down noticeably from the previous week and from the prior 4-week average.Increases reported for Pakistan (248,000 MT, all late reporting including decreases of 5,000 MT), Bangladesh (173,100 MT, including 172,500 MT switched from unknown destinations and decreases of 2,300 MT), Indonesia (81,800 MT, including 50,000 MT switched from unknown destinations and decreases of 100 MT), Germany (75,200 MT), and the Netherlands (66,000 MT, switched from unknown destination), were partially offset by decreases of unknown destinations (894,500 MT) and China (52,500 MT). For 2018/2019, net sales of 6,900 MT were reported for Malaysia (5,000 MT), Thailand (4,800 MT), Indonesia (4,000 MT), and Canada (1,100 MT), were partially offset by decreases for unknown destinations (8,000 MT).Exports of 903,900 MT were up 56 percent from the previous week and 65 percent from the prior 4-week average.The destinations were primarily to China (133,200 MT), Mexico (114,500 MT), Bangladesh (113,300 MT), Germany (75,200 MT), and Vietnam (74,400 MT).
Corn is low to normal vs expectations. Beans were expected to be negative based on all the cancellations this past week.