More Foreign Sales of U.S. Cotton, Soybeans, Wheat

WASHINGTON, DC – USDA’s Foreign Agriculture Service released their Weekly Export Sales Report on Thursday. According to the Foreign Ag Service (FAS), U.S. wheat sales were up 38 percent from the previous week (616,500 metric tons) on purchase from Mexico, Japan, and Thailand. Exports (552,600 MT) of were up 56 percent from the prior 4-week average.

Net new corn sales of were down 1 percent from the previous week, but up 7 percent from the prior 4-week average (1,362,200 MT) on purchases primarily by Mexico, China, and Chile. Exports were down 33 percent from the previous week and 19 percent from the prior 4-week average (715,000 MT).

Sorghum sales were disappointing (123,000 MT) as they were just about half of the previous week on sales to China. Exports of 1,900 MT were down 99 percent from the previous week and only destined for China.

Soybeans sales were up 40 percent from the previous week (569,000 MT), but down 42 percent from the prior 4-week average on purchases by China, Mexico, and Thailand. Exports of almost 2.7 million metric tons were 8 percent higher than the previous week.

Net cotton sales of more than 400,000 running bales were up 45 percent from the previous week and 61 percent from the prior 4-week average primarily for China, Pakistan, and Vietnam. Exports (323,200 RB) were up 79 percent from the previous week and 38 percent from the prior 4-week average.

Beef sales were down 78 percent from the previous week (3,000 MT) on purchase by Japan, Mexico, and Canada. Exports were up 10 percent from the previous week (18,200 MT).

Pork sales were also lower (26,500 MT), down 15 percent from the previous week with Mexico, China, and Japan the top buyers. Exports, on the other hand, were up 23 percent from the previous week (42,000 MT).
(SOURCE: All Ag News)