Exports
6 responses | 0 likes
Started by metmike - March 16, 2020, 11:34 p.m.
Comments
Re: Exports
0 likes
By metmike - March 16, 2020, 11:36 p.m.
Like Reply

Karen Braun@kannbwx

U.S. export inspections last week fell in line with expectations, #corn and #wheat safely but #soybeans barely. There were no #soybeans inspected for #China for the first time in the 2019/20 MY.

Image

Re: Re: Exports
0 likes
By metmike - March 16, 2020, 11:40 p.m.
Like Reply


The supply of #soybeans at #China's ports (3.92 mmt) is RECORD low as of mid-March, replacing the old low of 3.95 mmt from Apr. 21, 2013. This is according to Cofeed data that goes back to Aug. 2010. 3.92 mmt is Downwards arrow 37% from mid-Feb, Downwards arrow 21% on the year, and Downwards arrow 38% from 2y ago.Image

I'm always wary when I see a chart like this... did something happen to the data? Is it reliable? I see no evidence this is false, but will update if needed. Reuters story out today says the virus has delayed cargoes from Brazil. The USA hasn't shipped much there either so...




NOPA Crush, Feb. 2020:166.288 mln bushels of #soybeansMeal exports 763ktImageImageImage

Re: Re: Exports
0 likes
By metmike - March 19, 2020, 12:03 p.m.
Like Reply
By metmike - March 19, 2020, 12:04 p.m.
Like Reply

@kannbwx


U.S. export sales were mostly in line with expectations last week. #China bought just 6,000 t of #soybeans (basically nothing). Net sales of #sorghum to China totaled 202kt. China also bought 15.7kt of #pork.

ImageShow this

Re: Re: Exports
0 likes
By metmike - March 19, 2020, 12:28 p.m.
Like Reply


@kannbwx

2020 U.S. #pork sales to #China total 296kt as of March 12, record high for the date. The previous week's record large cancellation of 45.2kt was partially offset by last week's 15.7kt sale. 15.7kt is the largest (confirmed) weekly pork sale to China since the week ended Oct. 3.

Image

Remember it was reported #China bought 94kt of U.S. #pork in the week ended Oct. 10, but we later found out from USDA that it was likely the result of some extra sales from before or some new sellers being included. That's why I said (confirmed).

By metmike - March 20, 2020, 9 p.m.
Like Reply

USDA announces the following sales to #China:756,000 tonnes of #corn for delivery in 2019/20340,000 tonnes of hard red winter #wheat for delivery in 2020/21 Also announced to unknown:110,000 tonnes of #soybeans for delivery in 2019/20