USDA Weekly Export Sales Routine Other Than Soybeans

WASHINGTON, DC – USDA released their latest Weekly Export Sales Report on Thursday. Traders were greeted by lower sales for U.S. wheat, corn and cotton.

Overall, the light was brightest for sorghum and soybeans. Net sales of U.S. wheat almost hit 606-thousand metric tons down 11 percent from the previous week for China, Indonesia, and Brazil. Exports however were up 18 percent to Indonesia, the Philippines, and Japan.

For corn, new crop sales were good eclipsing 2.6 million metric tons primarily for China, and Mexico. Exports were down 29 percent from the previous week. For 2020/2021, net sales of 211 thousand metric tons of sorghum were for China. Exports were up noticeably from the previous week also to China.

Net sales of old crop soybeans were up 72 percent from the previous week primarily for Germany. For 2020/2021, net sales of 1,405,000 MT were primarily for China, and Mexico. Exports were up 32 percent from the previous week primarily to Germany, China, and Bangladesh. Cotton sales reductions for the old crop by Vietnam, Turkey, South Korea, El Salvador, and Indonesia.

New crop net sales however were led by China, Vietnam, and Indonesia and two of the three countries led the pack in weekly exports (China, Vietnam, and Pakistan).
(SOURCE: Foreign Agriculture Service)