Due to the central closing every week agone, USDA’s weekly export sales knowledge comes daily late. however the most recent report still carried many insight, as corn and wheat exceeded trade expectations, whereas soybeans came up short.
Weekly export sales for corn destroyed 56.9 million bushels in previous crop sales and another 3.4 million bushels in new crop sales for a complete of 6.3 million bushels.
That was twenty second below last week’s total however still 59 more than the previous four-week average. The weekly pace required to achieve USDA’s forecast is currently 22.8 million bushels.
Corn export shipments for last week were significantly lower, at 23.6 million bushels.
The No. one destination was North American country, with 8.0 million bushels, followed by Japan (4.4 million bushels), Colombia (3.6 million bushels), Peru (3.3 million bushels) and Central American nation (1.8 million bushels).
Soybean export sales, meantime, fell quite in need of trade estimates of 37.7 million bushels, coming back in at 27.9 million bushels. previous crop sales destroyed 22.6 million bushels, and new crop sales extra another 5.3 million bushels. that quantity was additionally well behind the previous week’s total of 45.6 million bushels, however it still stayed previous the weekly pace required to achieve USDA’s forecast, now at 17.9 million bushels.
Soybean export shipments for the week ending Jan. 18 reached 37.7 million bushels.
China was the same old No. one destination, accounting for 19 million bushels. alternative prime destinations enclosed Siam (6.3 million bushels), West Pakistan (5.1million bushels), Dutch East Indies (2.6 million bushels) and European country (2.6 million bushels).
Weekly export sales for wheat beat trade estimates of 12.9 million bushels, with a complete of 15.7 million bushels in previous crop sales and another one million bushels in new crop sales.
That’s additionally nearly triple the previous week’s total of 5.7 million bushels, and therefore the quantity edged out the weekly pace required to achieve USDA’s forecast, now at 12.8 million bushels.
Wheat export shipments of 13.9 million bushels was Martinmas not up to every week agone however 4 wheel drive on top of the previous four-week average.
The Philippines were last week’s No. one destination, with 4.0 million bushels, followed by South Korea (2.6 million bushels), Mexico (2.5 million bushels), Iraq (1.9 million bushels) and Taiwan (1.6 million bushels).
Sorghum export sales of half-dozen.5 million bushels were down 12-tone system from the previous week and were Martinmas not up to the previous four-week average.
Export shipments of 8.6 million bushels were a lot of more than every week agone, with the overwhelming majority headed to China.
Cotton export sales destroyed 67,700 bales and painted an enormous drop from the week previous (down 75%) and therefore the four-week average (down 70%).
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