Export Sales Data

7:35 am, 11-8-07

Wheat= 14.6 tmt, virtually nothing compared to estimates of 600-900 tmt. "Unknown" cancellations totalled 225 tmt, Egypt cancelled 57 tmt, and Morocco cancelled 49 tmt. New business was mostly small and routine.
Corn= 1.505 mmt, above expectations of 700-1200 tmt.
Soybeans= 614.5 tmt, in line with estimates.
Soymeal= 211 tmt, nearly double expectations.
Soyoil= 7.3 tmt, in line with estimates.

*Impact on pre-opening calls...
Wheat will likely shift from steady to 1-3 lower.
Corn was already poised for a higher start. The export sales figure won't materially impact the calls.
Soybeans will still start higher, but the export sales data won't provide much influence.