@kannbwx

Another huge week for #corn export inspections, and the second in a row for #wheat above the trade range. Last week's corn number went up 3%, 

#soybeans up 6%, wheat up 4%. #Egypt was the top destination for soybeans and at least 6 corn cargoes were for #China.

@kannbwx

#China imported 13.41 mmt of #soybeans in Jan-Feb, down 0.8% from 2020. 

Arrivals from USA were 11.9 mmt (versus 6.1 mmt in Jan-Feb 2020; +95% YOY).

 Arrivals from #Brazil were 1.03 mmt (versus 5.14 mmt Jan-Feb 2020; -80% YOY).

@kannbwx

U.S. #corn sales totaled 4.6 million tonnes (182 mbu) last week, with just 145kt of it in new crop. 

#China had 3.89 mmt old crop, and 2020/21 corn sales total 98% of USDA's full-year target. USDA's target for #soybeans is now 99% covered.

So this was expected.

11:06 AM · Mar 24, 2021·Twitter Web App

@kannbwx

Analysts see Thursday's U.S. #corn export sales report showing between 3.8 and 5.2 million tonnes (150 - 205 mbu) of old+new crop sold in the week ended March 18. Much of that stems from the huge flashes to #China March 16-19.

Karen Braun@kannbwx

Recent U.S. 2021 planting estimates (million acres):  

Farm Futures #Corn 93.6#Soybeans 88.5 C+S 182.1

 IHS Markit (former Informa) Corn 94.3 Soybeans 89.7 C+S 184 

USDA Feb. Ag Outlook Corn 92 Soybeans 90 C+S 182

@kannbwx

Another wild spike in the weekly #corn export sales chart. Due to the huge #China sales through March 18, that week is easily the second-largest in modern history behind the one at the end of January. Remember the 2013 & 2019 shutdowns reflect 3 & 6 weeks of data, respectively