Can Export Sales Lift the Markets?

In the overnight session the grains moved higher with corn up 2 3/4 cents, soybeans up 1/4 cent and wheat up 8 1/4 cents. The dollar index continues to move lower this morning following yesterday’s April retail numbers. Crude oil is down 30 cents this morning trading around the $60 mark.

今天早上出口销售相对令人印象深刻，旧农作物玉米出口是最大的失望。据报道，旧农作物玉米销售额为370,000吨，比上周下降56％，缺少期望为600,000-800,000公吨。旧农作物销售报告了115,000公吨，这是预期的高度，从取消到100,000公吨的销售。本周的小麦销售比上周的148,000公吨取消是显着改善。大豆报告的销售额为136,000公吨，比上周和低端预期下降了60％。

Ethanol production jumped week over week by 25,000 barrels per day bringing total weekly production to 912,000 bpd. Despite the weekly improvement ethanol production is still in a downward trend that began in December. This week’s figures mark only the third time this marketing year that weekly production fell below 2013 levels. Cumulative ethanol production is up 4.8 percent from 2013, which is ahead of USDA expectations for an increase of 1.3 percent over last year. The May WASDE report left corn used for ethanol unchanged on the balance sheet.

—Cody Bills