USDA Reports Mixed Numbers On Weekly Export Sales
WASHINGTON, DC – Net wheat sales were down noticeably from the previous week (30,300 metric tons) and down 61 percent from the prior 4-week average according to the latest Weekly Export Sales Report from USDA. South Korea, Malaysia, and Burma were the top three customers while exports were down 11 percent from the previous week (523,100 MT) on shipments to China, Mexico, and South Korea.
Total old-crop corn sales were actually in the red for the past week (negative 113,400 MT) despite sales to Mexico, South Korea, and Japan, because of big cancelations by China. On the other hand, new crop sales to China alone totaled more than 1.3 million metric tons. Exports were down 30 percent from the previous week primarily to China, Mexico, and Japan.
Sorghum sales were up noticeably from the previous week primarily to China. Exports were up 5 percent from the previous week mainly to China though Mexico took a small shipment.
Soybeans sales fell 43 percent from the previous week (94,300 MT) on purchases by Indonesia, Mexico, and Venezuela. Exports were up 8 percent from the previous week and were destined for Mexico, Indonesia, and Japan.
Cotton sales slipped 15 percent from the previous week (54,400 RB) with recent buys from Vietnam, China, and Bangladesh. Exports were down 39 percent from the previous week primarily to Vietnam, China, and Pakistan.
(SOURCE: All Ag News)