USDA Resumes Export Sales Reports

U.S. soybean exporters are off to a decent start as far as sales in the new marketing year. However, the first USDA report in several weeks says the shrinking U.S. crop, questionable Chinese demand, and South American competition are all threats to future sales opportunities. Reuters says those factors are pressuring U.S. corn exports too, but the latest level of sales was already uneventful ahead of the U.S. harvest. Technical issues prevented USDA from publishing weekly U.S. export data for almost a month. The data released last week included four weeks of sales ending on September 8. The data drought spanned marketing years as 2022-2023 began on September 1 for corn and soybeans. Soybean sales beat expectations in those four weeks at 5.75 million tons. For the 2022-2023 marketing year, U.S. corn sales during those four weeks hit 2.465 million tons. Total corn sales in the new marketing year reached 12.3 million tons.

Related articles

Mississippi River Shipping Rates Hit Record High

Harvest season is in high gear, and U.S. farmers have another supply chain challenge. Bloomberg says there aren’t enough barges moving goods up and down the shrinking Mississippi River. Drought is drying a vital...

FSA to Consider Eliminating District Committees

Farm Service Agency Administrator Zach Ducheneaux told lawmakers late last week that he’ll give serious consideration to the recommendation to replace the FSA’s district committee system. Industry Update Dot Com says the USDA’s Equities...

Senate Votes on USDA Nominees Off Until After Elections

USDA nominees for top trade and food safety posts will now have to wait until after the midterm elections in November for Senate confirmation votes. The Senate wrapped up work Thursday to head home for...

Exports Keep Adding Value to the Red Meat Supply Chain

U.S red meat exports continue to post solid numbers. Erin Borror, an economist with the U.S. Meat Export Federation, spoke during the Ag Outlook Forum in Kansas City. She says exports continue adding value...

Economist: Recent Farm Income Forecast Reason for Concern

Earlier this month, the Department of Agriculture released its 2022 Farm Sector Income Forecast, which showed a mixed bag for the farm economy. USDA’s Economic Research Service predicts producer cash receipts will increase 21 percent...

Latest articles

%d bloggers like this: