USDA Weekly Export Sales Data
The USDA Weekly export sales Report was released at 13.30BST today, a day later than normal due to the Memorial Day Holiday on Monday. Here's what they had to say:
Soybeans: Net sales of 237,400 MT old crop principally included Mexico (61,700 MT), China (59,300 MT, including 55,000 MT switched from unknown destinations) and Japan (52,900 MT, including 27,000 MT switched from unknown destinations). Net sales of 227,000 MT for 2009/10 delivery were for China (118,000 MT) and unknown destinations (109,000 MT).
Corn: Net sales of 756,200 MT of old crop were principally for Taiwan (175,700 MT), Japan (175,400 MT, including 101,200 switched from unknown destinations), Mexico (81,300 MT), Colombia (68,800 MT) and Egypt (66,000 MT). Net sales of 267,200 MT for delivery in 2009/10 were mainly for South Korea (116,000 MT), unknown destinations (58,000 MT) and Japan (57,200 MT).
Wheat: Net sales of 103,900 MT old crop and 228,200 MT for delivery in 2009/10.
This gives us total net sales for beans of 464,400 MT, lower than the trade estimate of 700,000 to 900,000 MT, although the total did still include some Chinese business for both marketing years.
For corn we have yet another robust week totaling just over a million tonnes against trade expectations of 700,000 to 950,000 MT.
For wheat total sales came in at 332,100 MT, slightly lower than expectations of 350,000 to 450,000 MT.
Actual exports for soybeans at 556,000 MT were up 43 percent from the previous week and 48 percent from the prior 4-week average. The primary destinations were Indonesia (136,300 MT), China (114,400 MT), Mexico (79,000 MT), Japan (51,900 MT), Turkey (48,000 MT), and Egypt (46,700 MT).
Exports for corn at 810,200 MT were up 14 percent from the previous week, but down 10 percent from the prior 4-week average. The primary destinations were Japan (295,500 MT), South Korea (114,400 MT), Mexico (88,300 MT), Venezuela (72,700 MT), Egypt (66,000 MT), Taiwan (59,100 MT), and Canada (33,100 MT).
Exports for wheat at 459,900 MT were up 12 percent from the previous week and 36 percent from the prior 4-week average. The primary destinations were Nigeria (124,700 MT), Iran (59,200 MT), Indonesia (58,600 MT), Yemen (57,300 MT), Taiwan (43,900 MT), Mexico (35,300 MT), and Japan (20,600 MT).
Soybeans: Net sales of 237,400 MT old crop principally included Mexico (61,700 MT), China (59,300 MT, including 55,000 MT switched from unknown destinations) and Japan (52,900 MT, including 27,000 MT switched from unknown destinations). Net sales of 227,000 MT for 2009/10 delivery were for China (118,000 MT) and unknown destinations (109,000 MT).
Corn: Net sales of 756,200 MT of old crop were principally for Taiwan (175,700 MT), Japan (175,400 MT, including 101,200 switched from unknown destinations), Mexico (81,300 MT), Colombia (68,800 MT) and Egypt (66,000 MT). Net sales of 267,200 MT for delivery in 2009/10 were mainly for South Korea (116,000 MT), unknown destinations (58,000 MT) and Japan (57,200 MT).
Wheat: Net sales of 103,900 MT old crop and 228,200 MT for delivery in 2009/10.
This gives us total net sales for beans of 464,400 MT, lower than the trade estimate of 700,000 to 900,000 MT, although the total did still include some Chinese business for both marketing years.
For corn we have yet another robust week totaling just over a million tonnes against trade expectations of 700,000 to 950,000 MT.
For wheat total sales came in at 332,100 MT, slightly lower than expectations of 350,000 to 450,000 MT.
Actual exports for soybeans at 556,000 MT were up 43 percent from the previous week and 48 percent from the prior 4-week average. The primary destinations were Indonesia (136,300 MT), China (114,400 MT), Mexico (79,000 MT), Japan (51,900 MT), Turkey (48,000 MT), and Egypt (46,700 MT).
Exports for corn at 810,200 MT were up 14 percent from the previous week, but down 10 percent from the prior 4-week average. The primary destinations were Japan (295,500 MT), South Korea (114,400 MT), Mexico (88,300 MT), Venezuela (72,700 MT), Egypt (66,000 MT), Taiwan (59,100 MT), and Canada (33,100 MT).
Exports for wheat at 459,900 MT were up 12 percent from the previous week and 36 percent from the prior 4-week average. The primary destinations were Nigeria (124,700 MT), Iran (59,200 MT), Indonesia (58,600 MT), Yemen (57,300 MT), Taiwan (43,900 MT), Mexico (35,300 MT), and Japan (20,600 MT).