Exports +more 5-15-23

Back to Index Reply to Topic Like This Topic

4 responses | 0 likes

Started by metmike - May 15, 2023, 3:40 p.m.

U.S. #corn export inspections last week were near the top of expectations and included ~7 cargoes to #China. #Soybeans were poor after several average weeks - no cargoes to China. #Wheat right in line with expectations.

Karen Braun @kannbwx

#Corn inspections were kinda "meh" for the week (but above average expectations). #Soybeans dipped below the same week in 2021 - a notoriously dry stretch for US soy exports. #Wheat inspections were record low for the week - spot on with expectations.

Comments

Re: Exports +more 5-15-23

0 likes

By metmike - May 15, 2023, 3:43 p.m.

Like Reply

Karen Braun @kannbwx

NOPA U.S. Crush, April 2023:173.232 mln bu of #soybeans

All-time April record (beating 2020); +2% YOY

Below trade guess (174.173 mbu)

#Soyoil stocks 1.957 bln lbs14-month high, up from March (1.851B)Trade thought 1.828B (expected Mar-Apr decline)

Re: Re: Exports +more 5-15-23

0 likes

By metmike - May 17, 2023, 2:14 p.m.

Like Reply

Karen Braun @kannbwx

1hr

The #Ukraine grain export deal has been extended for 2 months. #Russia says its demands have not yet been met but it agreed to the extension to help ensure global food security. Mid-July appears to be the next deadline.

Re: Re: Re: Exports +more 5-15-23

0 likes

By metmike - May 18, 2023, 11:08 a.m.

Like Reply

Karen Braun @kannbwx

Net export sales reductions were recorded last week for U.S. #wheat, #corn, #sorghum & #rice and all were marketing year lows. #China cancelled old-crop corn (which was already known). Unknown bought 390kt new-crop #soybeans, China bought 187kt.

Re: Re: Re: Re: Exports +more 5-15-23

0 likes

By metmike - May 18, 2023, 11:52 a.m.

Like Reply

Karen Braun @kannbwx

In the first four months of 2023, #China imported more #wheat, #soybeans, #pork & #barley than in the same period last year. #Corn imports were down 8%, but the soy volume is a record for the period.

View Last...