Export Report Reveals Demand for Corn, Cotton, Beef

WASHINGTON, DC – USDA’s Foreign Agriculture Service provided their weekly look into export sales and shipments Thursday by highlighting a big week for corn, cotton and beef.

Wheat: Net sales of 367,500 metric tons (MT) for 2020/2021 were down 31 percent from the previous week and 23 percent from the prior 4-week average. The top three buyers include Mexico, Nigeria, and the Philippines.

Corn: Net sales of 1,831,600 MT for 2020/2021 were up noticeably from the previous week and up 21 percent from the prior 4-week average. Japan, China, and Mexico represent the top buyers for the week.

Sorghum: Net sales of 280,800 MT for 2020/2021 resulted in increases for China and unknown destinations.

Soybeans: Net sales of 2,225,500 MT for 2020/2021 were down 14 percent from the previous week and 18 percent from the prior 4-week average. The major buyer was China, while Egypt, and other unknown destinations rounded out the top three destinations.

Cotton: Net sales of 227,800 RB for 2020/2021 were up noticeably from the previous week and up 51 percent from the prior 4-week average. As Pakistan steps up to be the top buyer this past week, both China and Mexico placed significant orders.

Beef: Net sales of 21,700 MT reported for 2020 were up 62 percent from the previous week and 13 percent from the prior 4-week average. South Korea, China, and Japan were the top three in line.

Pork: Net sales of 26,800 MT reported for 2020 were unchanged from the previous week, but down 35 percent from the prior 4-week average. The biggest customers for last week include Mexico, Japan, and China.
(SOURCE: Foreign Agriculture Service)