kannbwx

U.S. export inspections were relatively strong last week. Some 938kt #corn were inspected for #China, should be a marketing year high.

@kannbwx

NOPA U.S. crush, April 2021:160.31 mln bu of #soybeans2nd lowest volume in 19 months

Below range of estimates (avg 168.74)Soyoil stocks 1.702 bln lbs (trade guess 1.785 bln)

Oil yield above avgSoymeal exports 689kt (22 month low; -23% YOY)

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

export sales

@kannbwx

New-crop #corn sales headlined by 3.74 mmt to #China. #Mexico bought 200kt new crop. Soybean sales were quiet, though total new-crop now stands at 7 mmt.

@kannbwx

New-crop U.S. #corn sales are in a league of their own now. As of Thursday, at least 14.7 million tonnes (579 mln bu) had been sold (10.7 to #China, 4 to others). A total of 18.6 mmt had been sold by the time 2020/21 MY started, record high in at least recent times.

@kannbwx

#Corn sales are all the rage right now, but #soybeans should not be overlooked. New-crop U.S. soybean sales hit 7 million tonnes (258 mbu) as of May 13, a seven-year best for the date. 44% are #China, 37% unknown.

@kannbwx

#China imported more U.S. #soybeans than normal in April because supplies out of #Brazil were delayed. Total April imports were up 11% from April 2020.