Karen Braun@kannbwx

U.S. export inspections last week were a little light for #wheat and so-so for #corn and #soybeans. Some 70,540 tonnes of beans were inspected for #China - meaning momentarily, outstanding U.S. bean sales to China likely fell to 0 (but they reportedly bought more beans Thursday).

@kannbwx

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Mar 19

#China bought at least 120,000 tonnes of U.S. #soybeans and at least 120,000 tonnes of U.S. HRW #wheat this week, according to traders. The U.S. wheat purchase is the first of the HRW variety since late 2017. The soybean purchase is the largest in 6-7 weeks.

Mar 19

Traders have told Reuters that #China bought at least 2 cargoes of U.S. hard red winter #wheat earlier this week.

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Unknown is likely to be #China too after yesterday's report that they bought 2 cargoes of #soybeans. However, the sales to unknown earlier last week were likely not to China (yesterday's export sales would support that).

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annbwxUSDA 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

8:07 AM · Mar 20, 2020

@kannbwx

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Mar 19This was first reported last Friday, but #Ukraine's 2020 grain harvest may fall:13% YOY for winter #wheat10% YOY for #corn9% for #barleyThis is due to low soil moisture following a snowless winter. Ukraine is a big corn/wheat export competitor to the USA.

@kannbwx

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Mar 20

Friday's daily sale of 756,000 t of U.S. #corn to #China is not on par with the largest in history.  But, only one other flash sale of corn to China in last 6 years: 300,000 t on Mar. 22, 2019.  And since 2014, only corn sales to #Mexico or #soybeans to China have been > 756kt.

@kannbwx

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24m

Finally, a year-on-year comparison. This map shows all vessels carrying #soybeans today vs. one year ago, many of them traveling to #China. #Brazil soy exports were 57% YOY in Jan and 3% YOY in Feb, but March is on a record pace. Some 4.3 mmt shipped thru 10 of 22 days.

22m

For all of you Eikon users, no, there is not a new function allowing you to map old dates. I have literally waited one year for this day :)

Export sales this morning were massive!

https://apps.fas.usda.gov/export-sales/highlite.htm

@kannbwx

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U.S. export sales last week surpassed expectations.#Corn sales incl. 756kt to #China, Japan 333kt, Mexico 219kt. #Wheat incl. 200kt to China, 146kt to South Korea, 144kt to Japan. #Soybeans incl. 199kt to China and 406kt to unknown. 121kt #sorghum and 9.5kt #pork to China.