USDA’s Export Sales Report Shows Continued Strong Demand

WASHINGTON, DC – USDA’s Foreign Agriculture Service released their Weekly Export Sales Report on Thursday, for the week ending January 21, 2021. Wheat sales (380,500 metric tons) for the past week were up 15 percent from the previous week primarily to China, Mexico, and Japan. Exports were up 92 percent from the previous week (505,800 MT) destined for Japan, Mexico, and Indonesia. Net corn sales were up 29 percent from last week (1,850,300 MT) and 61 percent from the prior 4-week average with increases for Japan, Mexico, and Colombia. Exports meanwhile were up 60 percent from the previous week and the bulk went to Japan, Mexico, and China. Sales (253,000 MT) and exports (118,600 M) of U.S. sorghum have been exclusively to China, though the pace of shipments fell 46 percent week over week. Soybeans sales declined 74 percent from the previous week (466,000 MT) though China remains the top buyer. Mexico, and Indonesia also stood in line at the register. Exports though down 8 percent week over week, were still impressive (2,194,500 MT). China was the top destination followed by Mexico and Egypt. U.S. merchants sold nearly 323 thousand bales of cotton for the week, up 10 percent from the previous week and 22 percent from the prior 4-week average. Turkey, Vietnam, and Pakistan were the top three buyers. Exports though, were down 15 percent from the previous week and were heading to China, Vietnam, and Pakistan. Beef sales of 28,800 MT were reported for Japan, South Korea, and Mexico. Pork sales of 52,900 MT wer primarily to Mexico, China, and the Philippines.
(SOURCE: All Ag News)