T. Marc Schober's  Instablog

T. Marc Schober
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Marc Schober is the editor of Farmland Forecast (http://farmlandforecast.colvin-co.com/) and an Associate at Colvin & Co. LLP. Mr. Schober researches the investment opportunities in farmland and agriculture and has been featured in many financial publications and conferences.
My company:
Farmland Forecast
My blog:
Farmland Forecast
My book:
Investors' Guide to Farmland
  • USDA Weekly Exports: Corn Sales Fall 118% 0 comments
    Jul 25, 2013 10:01 AM

    Weekly U.S. net corn sales were the lowest in 12 weeks, being reduced by 27,900 MT for the week ending July 18th in the 2012/2013 marketing year. Exports were reported at 239,900 MT, up 41% from last week, going primarily to Japan, Mexico, Venezuela, and Columbia. For the 2013/2014 marketing year, for the week ending July 18th, net corn sales were 515,900 MT, going primarily to unknown destinations, Mexico, and Guatemala.

    Weekly net soybean sales were increased 16% from last week to 128,300 MT for the 2012/2013 marketing year, mainly due to increases from unknown destinations, Indonesia, Japan, Taiwan, and Vietnam. Exports were down 39% from the previous 4 week average at 82,200 MT. The primary destination of these exports were Mexico, Indonesia, Japan, Vietnam, and Canada. In the 2013/2014 marketing year ending July 18th, weekly net sales were reported at 665,200 MT, primarily from China and unknown destinations.

    Weekly net sales of wheat were at 661,400 MT for delivery in the 2013/2014 marketing year ending July 18th, mainly due to sales in China, Nigeria, the Philippines, Mexico, and Jamaica. Exports of 567,900 MT went primarily to Nigeria, China, South Korea, the Philippines, Japan, Mexico, and Chile.

    (click to enlarge)

    For daily articles on farmland and agriculture, visit www.farmlandforecast.com.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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