Weekly Export Sales Don’t Impress This Week

On Thursday’s Weekly Export Sales report from USDA, the numbers were not overly impressive. Exports were below expectations for wheat and on the low end of expectations for corn, soybeans and soybean meal. Soybean sales are even with a year ago while corn sales are down almost 50% on the year.

We saw corn net sales on the week at 23.7 million bushels of old and 1.2 million bushels of new crop. Soybeans were at 25.5 million bushels sold with wheat seeing 5.7 million bushels of old and 0.3 million bushels of new crop sold.

Mexico was the featured buyer of U.S. corn on the week while China was the featured buyer of U.S. soybeans on the week.

On the protein side, beef net sales of 15,400 MT for 2022 were primarily for China, Japan and Canada. Pork net sales of 20,100 MT for 2022 were primarily for Mexico, Japan and South Korea.

View the full export sales report here: https://apps.fas.usda.gov/export-sales/highlite.htm

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