@kannbwx

Another cool view, looking at all vessels carrying ag goods, January 30 vs. May 11. Most of the traffic, esp. on May 11, is #soybeans heading from #Brazil to #China. Not much #corn shipped lately, but Brazil's #pork exports have easily hit records every month so far in 2020.

An unprecedented amount of #soybeans are headed from South America to Asia right now. #Brazil shipped an unheard-of 16.3 million tonnes of soybeans in April, including 11.8 million to #China. Such a big difference in traffic from seven weeks ago.

Traders report that #China bought at least 240,000 tonnes (4 cargoes; 8.8 million bushels) of U.S. #soybeans on Monday to be shipped starting in July. China may be seeking up to 20 cargoes for July-Nov shipment. FYI anything shipped from Sept. 1 is in the 2020/21 marketing year.

Export sales Thursday:

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

U.S. export sales were as expected last week. 

#China bought 275kt old-crop #soybeans and 374kt new-crop.

 China also bought 371kt old-crop #corn and 315kt new-crop.

 Some 55kt of old-crop #wheat to unknown was switched to China.

Karen Braun

@kannbwx

Global Agriculture Columnist at Thomson Reuters. Meteorologist by training, gymnast for life. Views expressed are my own.

@kannbwx

USDA announces the following U.S. sales to #China:

132,000 tonnes of #soybeans for 2019/2066,000 tonnes of soybeans for 2020/2120,000 tonnes of soybean oil for 2019/20 198,000 t soybeans = 7.3 million bushels