U.S. export inspections for #corn came in above the ranges of guesses, and the YOY total is down just 17% now (was 30-40%+ earlier in year).

 77kt #soybeans to #China. #Wheat inspections were relatively strong for the week (compared w/ prior years).

@kannbwx

USDA announces the sale of 132,000 tonnes of U.S. #soybeans to #China for delivery in 2020/21.

8:01 AM · Jul 20, 2020·

@kannbwx

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:

@kannbwx

Traffic of #soybeans from #Brazil to #China has slowed from last month, but the lineup shows a decent amount left to be shipped. Paranagua (#2 port) and ports south remain scheduled with soybeans, but #corn now dominates the lineup for Santos (#1 port) and some ports north.

@kannbwx

Here's the same view from June 10 and May 11. Traffic is noticeably lighter now but still steady.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Karen Braun@kannbwx

·

Jul 22

USDA announces the following sales of U.S. #soybeans: 66,000 t to #China for 2019/20649,000 t to China for 2020/21211,300 t to unknown for 2020/21  Total sold: 926,300 tonnes (34 million bushels)

Export sales 

Not so good on old crop

Very good on new crop

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

Last week's sales of new-crop U.S. #soybeans topped trade estimates at 2.3 million tonnes. 65% was #China and 29% unknown. New-crop #corn sales were very strong with China taking 84%, and #wheat sales topped expectations. Top buyer? China with 21%.

Karen Braun@kannbwx

·

2h

USDA confirms the sale of 132,000 tonnes of U.S. #soybeans to #China for delivery in 2020/21. This is the 8th trading day in a row with a daily sale announcement.

#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.

Karen Braun@kannbwx

·

51m

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.