Export Sales of Corn and Beans Surge Higher

Sales of corn and soybeans to overseas buyers jumped week-to-week, while wheat sales declined during the week ending on October 13. USDA data says corn sales hit 408,300 metric tons, more than double the 200,000 tons sold a week earlier. Mexico was the big buyer at 183,700 metric tons, followed by Japan’s 77,600 tons. Soybean sales surged to 2.34 million metric tons, a significant jump over the 724,000 metric tons sold a week earlier. China swooped in to buy 1.98 million metric tons, far and away the top soybean buyer, with the Netherlands in second with 82,800 tons. The soybean total could have been higher, but the United Kingdom canceled a sale that week of 60,000 tons. Wheat sales dropped to 163,100 metric tons, down from almost 212,000 the previous week. Mexico was the top wheat buyer at 93,500 metric tons. USDA says Italy canceled wheat sales of 60,000 tons.

Related articles

Senators Fischer and Klobuchar Introduce Year Round E15 Legislation

On Tuesday, Nebraska Republican Senator Deb Fischer along with Minnesota Democratic Senator Amy Klobuchar introduced the Consumer and Fuel Retailer Choice Act. The legislation, also backed by 13 bipartisan Senators, would allow the sale...

Mexico Is Open to Deal with U.S. on GMO Corn

Agriculture Secretary Tom Vilsack met with Mexican President Andrés Manuel López Obrador earlier this week. The leaders discussed a looming decree by the Mexican president that would ban imports of biotech corn into the...

Removal of Trade Barriers Could Increase China’s Ag Imports

China imported more than $205 billion of agricultural products in 2021, including more than $37 billion from the United States. However, USDA Economic Research Service points out that trade barriers deterred China’s imports from...

Impacts of Rail Strike Would Precede Walkout, Paring Congress’ Time to Act

A threatened rail strike could have widespread effects on agriculture, manufacturing and the rest of the nation’s economy days ahead of a walkout. Congress must act sooner than the December 9 strike deadline since the...

Ag Organizations Call for McKalip and Taylor Nominations Votes

Agriculture groups through Farmers for Free Trade call on the Senate to confirm two key agricultural trade officials in the Biden administration. The coalition sent a letter to Senate leaders Tuesday calling for the confirmation...

Latest articles

%d bloggers like this: