China Continues Filling Grocery Cart With U.S. Exports

WASHINGTON, DC – USDA’s Weekly Export Sales Report for the week ending March 25, 2021, produced a surprisingly large week of sales for pork thanks to China. China also continues to appear as a top-three buyer for wheat, sorghum, soybeans, and beef.

•For wheat, sales were down 27 percent from the previous week (250,100 metric tons) on increases for China, the Philippines, and South Korea.
Exports were also lower, down 59 percent from the previous week (268,700 MT) on shipments to Nigeria, the Philippines, and Japan.

•Net corn sales fell 82 percent from the previous week (797,300 MT) on purchases from Japan, Colombia, and Saudi Arabia.
Exports were unchanged from the previous week (1,977,500 MT) with primary destinations of Japan, Mexico, and China.

•Old crop sorghum sales (121,000 MT) and new crop (63,000 MT) were all by China.
Exports were up noticeably from the previous week (306,300 MT) but China remains the lone destination.

•Net soybean sales were up 4 percent from the previous week but down 54 percent from the prior 4-week average (105,800 MT) with light purchases from China, Egypt, and Japan.
Exports fell to a new marketing-year low (460,900 MT) on shipments to Japan, Mexico, and China.

•New crop cotton sales slipped 71 percent from the previous week (78,400 RB) primarily for Vietnam, Pakistan, and Turkey, while new crop sales (41,400 RB) were logged by South Korea, Vietnam, and Turkey.
Exports were reported to Vietnam, China, and Pakistan.

•Beef sales were down 1 percent (18,700 MT)from the previous week primarily for Japan, China, and South Korea.
Exports were unchanged from the previous week (18,600 MT) primarily to Japan, South Korea, and China.

•Pork Net sales eclipsed a new marketing-year high (61,000 MT) up 58 percent from the previous week on new purchases by China, Mexico, and Japan.
Exports climbed 5 percent (40,400 MT) from the previous week on deliveries to China, Mexico, and Japan.
(SOURCE: All Ag News)