WEEKLY EXPORT REPORT: Corn, wheat export increases lift markets

Old-crop soybeans sales drop, but new-crop sales rise sharply.

Export sales of old-crop corn of 85.1 million bu. marked a marketing-year high and topped trade forecasts as buyers from Asia and Latin America snatched up cargoes, possibly due to a lack of supplies from South America.

New-crop corn sales of 17.3 million bu. also topped forecasts in a Reuters poll, as did old-crop and new-crop wheat sales.  Old-crop soybean sales were down for the week at 8.3 million bu., but new-crop sales more than doubled, at 26.5 million bu., led by Mexico and

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