@kannbwx

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Jan 25

U.S. export inspections were strong last week. Looks like a marketing year high in #corn - only 1 cargo to #China. 

62% of the #soybeans were destined for China. 

#Wheat shipments were much better than expected. The previous week's bean total was increased 10%.

@kannbwx

4h USDA confirms the following U.S. export sales: 1,360,000 tonnes of #corn to #China in 2020/21102,800 tonnes of corn to unknown in 2020/21 That's 53.5 million bushels of corn to China, and adding the unknown sale brings the total to 57.6 mln bu

#Ukraine will limit its 2020/21 #corn exports to 24 mmt to prevent a jump in feed prices. 

Ukraine also on Monday upped its 20/21 forecast to 23.5 mmt from 22.3 mmt.

 USDA has Ukraine 20/21 corn exports at 24 mmt.

@kannbwx

#Ukraine is the No. 4 exporter of #corn, and its 2020 crop shortfall was a decent part of why the U.S. 2020/21 export forecast rose to record levels. Prior to 2020, most of #China's annual corn imports came from Ukraine. Ukraine's record year is 18/19 - 30.3 mmt/1.19 bbu