Corn, Sorghum, Soybean and Cotton Export Sales Rebound

WASHINGTON, DC – It was an active week for export sellers as all major commodities, except wheat, experienced an uptick from foreign buyers. According to USDA’s latest Weekly Export Sales Report, U.S. wheat sales fell 19 percent from the previous week as purchases from Bangladesh, Mexico, and Malaysia were offset by cancellations by China and others. Exports fell 14 percent as well.

Net corn sales were 92 percent higher due in part to purchases from Japan, Colombia, and Mexico. Exports were up 43 percent primarily to China, Mexico, and Japan.

Sorghum sales were up noticeably from the previous week and 76 percent higher than the prior 4-week average. Not only did China represent all the sales, but they also were the lone export destination for the week.

Weekly sales of soybeans were up noticeably for the week on sales to China, Spain, and Mexico. Exports surpassed 2 million metric tons, with more than half heading to China.

Raw cotton purchases were up noticeably from the previous week primarily on sales to China, Pakistan, and Turkey. Exports were heading to China, Vietnam, and Pakistan.

Both weekly beef sales and exports were logged to South Korea, Japan, and China.

Mexico was the top buyer of U.S. pork. Japan and South Korea also made sizeable purchases over the week. Exports, on the other hand, were heading to China, Mexico, and Japan.
(SOURCE: All Ag News)