Karen Braun@kannbwx

Another week of relatively strong export inspections for U.S. #corn, but only 342kt were destined for #China. China needs to be taking more than that per week, so it would not be surprising to see more rolling of old crop to new crop as we saw Monday morning.

@kannbwx

4hUSDA confirms the following U.S. #corn export sales to #China: 1,020,000 tonnes for 2021/22cancellations of 280,000 tonnes for 2020/21

@kannbwx

For the most part, U.S. #corn export inspections have been running at well above normal/record pace since late February. May got off to a bit of a slower start, but the last week in April featured the third biggest weekly volume on record and the second biggest of the year.

Replying to 

@kannbwx

These charts I post about #China's stocks of #soybeans and soymeal will be the last ones. The data last updated on April 25. I had sent a message to Refinitiv asking why this had not been updated, so I had been aware of the gap. Didn't realize the situation was *this* intense.

        Influential Chinese farm consultancy Cofeed suspends operations without explanation      

https://www.nasdaq.com/articles/influential-chinese-farm-consultancy-cofeed-suspends-operations-without-explanation-2021

By Dominique Patton

BEIJING, May 12 (Reuters) - Influential Chinese agricultural data provider Cofeed has suspended operations without explanation, leaving a gap in highly valued information on grain and oilseed supplies in the world's biggest soybean buyer.                                                                            The company, officially known as Beijing TianxiaLiangchang Technology Co Ltd, stopped updating its website with data and analysis on April 29.

               It has also stopped supplying daily and weekly data to Refinitiv, the financial data company, which published an advisory for clients using its Eikon platform.                                                                            

"We are still investigating the reasons for why the source has not sent this data," the advisory says.

@kannbwx

Nearly 75% of #Brazil's exports of #soybeans are bound for #China each year, so this is one of the best non-Chinese data sets to help gauge potential stocks in China. The mid-2018 shipments were super anomalous at the time, suggesting a big stock build and large imports in China.

Exports were not so good. Prices too high and weather turned bearish on Sunday.

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

@kannbwx

#China cancelled 334kt of old-crop #corn but booked 1.36 mmt of new-crop. Net reductions of 113kt corn is a MY low. #Mexico mostly bought new-crop #soybeans.

@kannbwx

It is unusual to get many new-crop #corn bookings this early, but it was also unusual for #China to be buying until last year. Total 21/22 sales have reached about 4.9 mmt (193 mbu) as of May 6. There should be at least 1.7 mmt to China in the next report, too.