china back for more beans this am....guess they either need them bad or not that pissed about the embassy

chin a back for more beans this am....guess they either need them bad or not that pissed about the embassy

Thanks mcfarm!

Here's the chart of the numbers. Corn was off a bit. 

Karen Braun@kannbwx

Export inspections fell below expectations for #corn last week, but -16% YOY is about the best it's been all year. 

#Soybeans are now at -4% YOY (fewer recent shipments to #China). 136kt went to China last week.

#Wheat is up 8% YOY early on in the 20/21 year.

@kannbwx

Through Monday, USDA has flashed 8.5 million tonnes of U.S. grain & oilseed sales in July. Added 2013 to this table & isolated years w/ daily July sales > 2 mmt. 2020 still a huge standout, esp. in #corn & #soybeans. But #wheat was big in 2013 (3 diff sales, all to #China).

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#China was 71% of the daily sales in July 2013, though they have been 78% of the July 2020 daily sales so far. July 2020 sales to non-China have caught up to normal levels over the last couple days.

I know this is redundant and I keep posting it, but very important to clarify. Actual commodity sales are LARGER than what is listed in the tables. These are just the DAILY announcements (single sales of larger amounts that must be reported separately).

Export sales:

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

WOW, look at the new crop sales!

@kannbwx

Huge sales of new-crop #soybeans in the week ended July 23 at 3.34 mmt (123 mbu).

#China was 59% of that, unknown was 37%. 

Unknown was the top #corn buyer with 39%, #Mexico was 18% and #Japan 16%. #Wheat sales were also strong with Philippines the lead buyer.

Karen Braun@kannbwx

And as usual, looking at sales of U.S. #soybeans to others. The first chart is sales to non-#China (including unknown) and the second is just unknown sales. Non-China buyers are also very important to the U.S. export program.

Karen Braun@kannbwx

Through July 23, #China had purchased 8.09 million tonnes of U.S. #soybeans for delivery in 2020-21, the most for the date since 2014.

Karen Braun@kannbwx

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3h    USDA announces the following export sales of U.S. #corn: 1,937,000 tonnes to #China for 2020/21 130,000 tonnes to unknown for 2020/21 That is a total of 81.4 million bushels.

That's a wrap on July. USDA flashed nearly 11 million tonnes of U.S. grains & oilseeds this month in 38 different sales.

 #Corn hit 6.2 mmt, #soybeans 4 mmt. #China accounted for 78% of the tonnage, unknown 13%, and known others 8%.

Karen Braun@kannbwx

Here's the full table showing all recent years in case you want to compare. 

In the previous table I was highlighting just the prior years with the larger sales (2017, 2014, and 2013-not shown in this table).

Tracking the daily sales in addition to the full weekly sales is helpful because it shows you the number and total tonnage of the larger single purchases. More daily sales generally means more sales overall. The United States had a record-breaking July in terms of corn/soy sales.

@kannbwx

If you like bushels, here are the July 2020 daily sale totals: #Corn 245.5 mln bu#Soybeans 148.4 mln bu#Wheat 11.8 mln bu Total bulk commods (didn't include soymeal): 406 mln bu