U.S. export inspections came in near the higher end of expectations. Some 832,200 tonnes of #soybeans inspected to #China, the biggest weekly total since late Nov. 211kt

#corn inspected for China along w/ 1 cargo of #wheat out of PNW. 1 wheat cargo inspected @ Gulf for #Brazil.

USDA confirms the following U.S. export sales for 2020/21: 350,000 tonnes of #corn to #China106,000 tonnes of corn to #Japan129,000 tonnes of #soybeans to China318,000 tonnes of soybeans to unknown That'a 18 mbu of corn and 16.4 mbu beans. CONTINUED

8:08 AM · Sep 14, 2020

@kannbwx

Combined 20/21 export sales of U.S. #corn + #soybeans to #China have likely reached 1 billion bushels. For soybeans, if incl. unknown, confirmed sales total around 17.4 mmt (631 mbu - without unknown, around 614 mbu). For corn, sales have approached 9.4 mmt (370 mbu).

8:31 AM · Sep 14, 2020·Twitter Web App

#Australia cut its #barley export forecast by 6% after #China's huge tariff. China used to account for up to 70% of AU's barley exports. Not saying it's the exact same, but exports of U.S. #soybeans dropped 19% YOY right after the July 2018 tariff despite +37% YOY to others.

#Brazil exports, Aug. 2020 (prelim. data):

 #Soybeans 6.2 mmt (75% to #China)2nd consec. month falling short of 2018's record75 mmt YTD, +34% YOY, +16% 2YOY, +32% 3YOY

 #Corn6.5 mmtDown 11% from 2019 record13.8 mmt YTD, -37% YOY, +50% 2YOY, +27% 3YOY#Brazil exports, Aug. 2020 (prelim. data):

8:04 AM · Sep 16, 2020

USDA confirms the sale of 327,000 tonnes (12 mln bu) of U.S. #soybeans to #China for delivery in 2020/21. Going back 32 trading days (to start of August), there have been only 4 without a daily sale(s). That's an 88% chance of a sale on any given day.

@kannbwx

#China bought 1.49 mmt of U.S. #soybeans last week, incl. 264kt switched from unknown. Unknown bought 499kt beans and 360kt #corn. China had 360kt corn (140kt switched from unk) and #Japan 330kt (83kt switched). Indonesia was the top #wheat buyer w/ 91kt.

Export sales September 17th

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

Right now is the height of #Brazil's #corn shipping season. Sept 2020 corn exports are predicted to be ~45% heavier than those for soy, and they could challenge last year's record for the month of 6.4 mmt.

@kannbwx

Traffic of #soybeans, Sept. 17, 2020 vs. Sept. 17, 2019. #Brazil's Aug 2020 shipments were a bit larger than in 2019, but Sept exports will likely fall short of those in Sept 2019. So the two maps should be similar. Around 70-75% on the 2020 map are likely headed to #China.

#China is leaving its low tariff rate quotas (TRQ) unchanged in 2021. That's 9.636 mmt for #wheat, 7.2 mmt for #corn, and 5.32 mmt for rice.