Sorghum Sales and Exports Hit Marketing Year High

WASHINGTON, DC – USDA’s Foreign Agriculture Service is reporting a marketing-year low for U.S. wheat, and lower sales for corn, soybeans, and cotton in their latest Weekly Export Sales Report for the week ending April 8, 2021. Despite purchase from the Philippines, the Dominican Republic, and Malaysia, reductions for South Korea, Mexico, and Japan led to an overall negative sales figure for U.S. wheat this past week. Exports were down 26 percent from the previous week on shipments to the Philippines, Mexico, and China. Corn sales were down 57 percent from the previous week and 81 percent from the prior 4-week average on purchases from Japan, Mexico, and South Korea. Exports were also down 12 percent to China, Mexico, and Japan. Net sales of sorghum topped 656,000 metric tons, a marketing-year high, and exports of more than 860,000 metric tons were also a marketing-year high, and all to China during the past week. Soybean sales were down noticeably from the previous week primarily for Indonesia, South Korea, and Vietnam. Exports though were 20 percent higher on shipments to Mexico, China, and Indonesia. Sales of cotton were disappointing, down 55 percent from the previous week, on purchases by Turkey, Pakistan, and Vietnam. Exports fell 16 percent from the previous week to Vietnam, Pakistan, and China. Net beef sales fell for Japan, South Korea, and Mexico. Exports increased slightly to South Korea, Japan, and China. Pork sales also fell to a marketing-year low, down 48 percent from the previous week on purchases by Mexico, Japan, and South Korea. Exports were unchanged from the previous week primarily to China, Mexico, and Japan.
(SOURCE: All Ag News)