Weekly Exports Good for Cotton, Disappointing for Others

WASHINGTON, DC – USDA released their latest Weekly Export Sales Report on Thursday, for the week ending April 1, 2021. Other than cotton, all commodities experienced lower sales, including marketing year lows for wheat and soybeans.

•WHEAT Net sales fell to a marketing-year low, down 67 percent from the previous week (82,000 metric tons) on purchase from South Korea, the Philippines, and Japan. Exports, though, were up noticeably from the previous week (634,200 MT) to China, Mexico, and South Korea.

•CORN Net sales for Japan, South Korea, Colombia slipped 5 percent from the previous week (757,000 MT). Exports however increased 4 percent from the previous week (2,053,400 MT) destined for China, Mexico, and Japan.

•SORGHUM Net sales to China totaled 54,500 MT and the exports for the week, also to China, were 46 percent lower than the previous week (165,600 MT).

•SOYBEANS Sales to Egypt, Japan, and Indonesia were more than wiped out by reductions from China (216,100 MT), leading to a net loss of more than 92 thousand metric tons of old crop soybeans (a marketing-year low). Exports also hit a marketing-year low (345,200 MT) falling 25 percent from the previous week though Egypt, Mexico, and Costa Rica were top destinations

•COTTON With sales of nearly 270-thousand bales for the week, cotton buyers in Vietnam, Pakistan, and China led the buying spree. Exports were 15 percent higher from the previous week (371,700 RB) primarily to Vietnam, Pakistan, and Turkey.

•BEEF Net sales were down 3 percent from the previous week (18,200 MT) despite decent purchases from South Korea, Japan, and China. Exports to the same three countries totaled 18,800 MT.

•PORK Net sales fell 45 percent from the previous week (33,400 MT) although Mexico, Japan, and Australia continue to buy from the United States. Exports slipped 5 percent from the previous week on shipments to China, Mexico, and Japan (38,400 MT).
(SOURCE: All Ag News)