Good Export Sales Report for Most U.S. Commodities

WASHINGTON, DC – USDA’s Foreign Agriculture Service released the latest Weekly Export Sales Report on Thursday which highlighted positive growth in wheat, corn, soybeans, and cotton.

Net sales of U.S. wheat increased 50 percent from the previous week (329,500 metric tons) on purchases from Mexico, Japan, and Thailand. Exports increased 15 percent from the previous week with the top three destinations China, South Korea, and Japan (71,100 MT).

Sales of corn were up noticeably from the previous week (395,500 MT) but still 48 percent below the 4-week average. The top buyers were Taiwan, South Korea, and Mexico. Exports were also lower (down 21 percent) on shipments to China, Japan, and Mexico.

Both old crop and new crop sorghum sales, plus all exports in the past week of U.S. sorghum were to China. Combined sales were in excess of 110,000 metric tons, while exports were down 18 percent from the previous week.

Soybean sales were up 32 percent week over week (350,600 MT) primarily on purchases from China, Indonesia, and Mexico. Exports slipped 36 percent from the previous week with the top three destinations of China, Egypt, and Indonesia.

Net cotton sales were 25 percent above the previous week (212,000 RB) with China the top buyer followed by Vietnam and Turkey. Exports fell 7 percent with major destinations including China, Vietnam, and Pakistan.

Beef sales fell 8 percent from the previous week (20,900 MT) on purchases from South Korea, Japan, and Mexico.

Net pork sales also fell 46 percent from the previous week (32,400 MT) despite purchases from China, Mexico, and Japan.
(SOURCE: All Ag News)