At 4.5 million tonnes, sales of new-crop #soybeans are just one cargo behind the same date a year ago, which was a 10yr high. As of Feb. 10, #China had 2.58 mmt new crop booked and unknown 1.55 mmt. A year ago the split was about 2 mmt China and 1.95 mmt unknown.

Feb. 10 #corn sales cover 76% of USDA's 2021/22 forecast (was 69% four weeks ago). That is below last year's 88% but above the previous five years for the same date.

As of Feb. 10, export sales of U.S. #soybeans covered 86% of USDA's 2021/22 forecast (was 77% four weeks ago). That's below last year but well above the previous two, the only recent two where final exports were below USDA's Feb export forecast.

That is not the case with 2021/22 #corn sales, though. Calendar year 2022 sales reached almost 5.5 mmt (215 mbu) through Feb. 10, below average and well below last year when #China was very active. But overall, corn sales are not necessarily off track to meet export targets.

Old-crop export sales for U.S. #soybeans have been on a record pace recently. So far in calendar year 2022 for the 2021/22 year, sales total 6.3 mmt (232 mbu) through Feb. 10, up 28% on the year.

Old-crop export sales for U.S. #soybeans have been on a record pace recently. So far in calendar year 2022 for the 2021/22 year, sales total 6.3 mmt (232 mbu) through Feb. 10, up 28% on the year.

Replying to @kannbwx

This is a good time to remind everyone that net negative weekly sales to unknown does NOT necessarily mean unknown has cancelled cargoes. Most of the time it is unknown getting switched to a known destination. Every now and then there's an actual cancellation, but not too often.