From: Terry Reilly
Sent: Thursday, April 09, 2020 7:47:19 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI Weekly USDA Export Sales Snapshot 04/09/20
USDA export sales
- US pork sales surged to 55,900 tons; a marketing year high.
- US sorghum export sales were also robust at 373,800 that included 186,600 tons for China.
- US corn export sales were excellent at 1.849 million tons for 2019-20 and new-crop came in at 608,800 tons.
- All-wheat sales of 258,700 were again disappointing.
- US 2019-20 soybean export sales of 270,400 were very poor, well below expectations, and down from 957,400 tons last year.
- Soybean meal sales for 2019-20 slipped below 200,000 tons to 193,300 tons but improved from the previous week. Soybean meal shipments were ok at 273,100 tons.
- US soybean oil export sales current crop-year were 24,100 tons. Shipments were poor at 5,400 tons.
Export Sales Highlights
Wheat: Net sales of 258,600 metric tons for 2019/2020 were up noticeably from the previous week, but down 36 percent from the prior 4-week average. Increases primarily for Taiwan (98,300 MT), Mexico (84,300 MT, including decreases of 1,600 MT), Nigeria (66,000 MT, including 74,500 MT switched from unknown destinations and decreases of 11,000 MT), Italy (48,300 MT, including 21,000 MT switched from unknown destinations), and Guatemala (38,300 MT, including 36,100 MT switched from unknown destinations and decreases of 700 MT), were offset by reductions primarily for unknown destinations (163,800 MT). For 2020/2021, net sales of 117,400 MT were primarily for the Philippines (54,500 MT), Chile (35,000 MT), and unknown destinations (16,500 MT). Exports of 380,000 MT were up 39 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Nigeria (77,000 MT), Japan (70,000 MT), Indonesia (55,200 MT), Mexico (51,200 MT), and Guatemala (40,600 MT).
Corn: Net sales of 1,848,900 MT for 2019/2020