USA: Beef, pork, soybean export sales up on week

The week ending March 9th was a mixed week for U.S. export sales. Both beef and pork bounced back from the previous week, wheat and cotton sales improved, and soybeans rebounded from their marketing year low. Sorghum exports this week hit a marketing year high with strong sales to unknown destinations and China. Corn, soybean product, and rice sales saw week-to-week declines. Export demand is driven by several factors, primarily seasonal trends in suppliers and currency movement. The USDA’s next round of supply and demand estimates is out April 11th.Physical shipments of soybeans were more than what’s needed to meet projections for the current marketing year. The 2022/23 marketing year got underway June 1st, 2022 for wheat, August 1st, 2022 for cotton and rice, September 1st, 2022 for beans, corn, and sorghum, and October 1st, 2022 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 336,700 tons (12.4 million bushels), up 26% from the ...