Nothing to write home about....corn pretty good though.
We've been a bit spoiled this month with unusually large U.S. sales being reported through USDA's daily system (single sales of larger volumes). Daily July sales of #corn, #soybeans & #wheat are easily the largest in at least 5 years, and the month is not over yet.
Always important to check up on #China vs. others, especially when China has been making the larger purchases. Sales to Others and Unknown thru the 20th are below the recent 5-year average for the month, though not the worst, and still time left. Sales to China are up tenfold.
These numbers combine sales for all marketing years and include cancellations. Remember, these are just the larger sales that must be reported on a daily basis instead of weekly. Big daily sales often mean big weekly sales, but there's some variation. Daily criteria, FYI:
Here's the same view from June 10 and May 11. Traffic is noticeably lighter now but still steady.
Not so good on old crop
Very good on new crop
#China also bought 175kt of new-crop #sorghum, though they cancelled a little old-crop #cotton (so did some others). They also bought 479 tons of #beef and 7.2kt of #pork. Total pork sales to China are 530kt for 2020. #Mexico is number 2 with 328kt.
If my records are correct, I *think* this is the largest week for total sales of #soybeans (2.67 mmt = 98 mln bu) since September 2017. Sales like these never happen without a significant effort from China.