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Summary

  • Corn and soybean sales continue their upward trend, significantly outpacing their 10-week averages.
  • Exports for wheat and corn also rose from last week.
  • Soybean exports continue to slowly decline from marketing year highs seen in late 2013 early 2014.

Corn and soybean sales continue their upward trend, significantly outpacing their 10-week averages. Exports for wheat and corn also rose from last week while soybean exports continue to slowly decline from marketing year highs seen in late 2013 early 2014.

Weekly U.S. net corn sales for the week ending February 27th in the 2013/2014 marketing year were 1,518,000 metrics tons (MT), an 81% increase from the previous week and a 58% increase from the prior 10-week average. Increases were reported from Mexico, Japan, Unknown Destinations, Colombia, South Korea, and Taiwan. Decreases were reported from China, Spain, and the French West Indies. Exports were 1,138,100 MT, a 33% increase from the prior week and a 33% increase from the prior 10-week average. The primary destinations were South Korea, Mexico, Japan, Egypt, and Peru.

Weekly net soybean sales were 772,700 MT, a 136% increase from the previous week and a 50% increase from the prior 10-week average. Increases were reported from Unknown Destinations, Mexico, Indonesia, Germany, and Spain. Decreases were reported from China. Exports were 1,173,600 MT, a 35% decrease from the prior week and a 27% decrease from the prior 10-week average. Primary destinations were China, Indonesia, Mexico, Germany, and Spain.

Weekly net wheat sales were 556,100 MT, a 52% increase from the previous week and a 23% increase from the prior 10-week average. Increases were reported from Mexico, Brazil, Unknown Destinations, China, Taiwan, Chile, and Vietnam. Decreases were reported from Egypt and Nigeria. Exports were 633,000 MT, a 16% increase from the prior week and a 51% increase from the prior 10-week average. Primary destinations were Brazil, Philippines, Egypt, Taiwan, and Mexico.

Source: USDA Foreign Agricultural Service

Source: USDA Foreign Agricultural Service

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Source: USDA Weekly Exports: Sales Volumes Continue To Increase