Tridge summary
Last week saw a significant increase in U.S. corn export sales, with China making up nearly 90% of the purchases due to competitive pricing. Despite concerns from African swine fever, wheat, beef, pork, soybean, sorghum, cotton, and rice sales all saw a decrease from the previous week. The USDA is set to release new supply and demand estimates on April 9th.
In terms of physical shipments, corn, soybeans, and wheat have surpassed projections for the current marketing year, which ended between June and October depending on the commodity. The marketing year saw varied results in sales and shipments for each commodity, with China being a common factor in the increased sales of corn and upland cotton. Net beef and pork sales also saw both positive and negative trends in purchases and shipments.
In terms of physical shipments, corn, soybeans, and wheat have surpassed projections for the current marketing year, which ended between June and October depending on the commodity. The marketing year saw varied results in sales and shipments for each commodity, with China being a common factor in the increased sales of corn and upland cotton. Net beef and pork sales also saw both positive and negative trends in purchases and shipments.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Last week was a strong week for U.S. corn export sales. The USDA says old crop corn sales of nearly 4.5 million tons during the week ending March 18th were mainly to China, which purchased almost 4 million tons of the total due to competitive U.S. prices and despite feed demand concerns because of increased cases of African swine fever. The numbers were much less impressive for the other major reported commodities, as beef, pork, soybean, soybean product, sorghum, cotton, and rice sales all fell below the previous week’s levels. The USDA’s next set of supply and demand estimates is out April 9th.Physical shipments of corn, soybeans, and wheat were above what’s needed to meet USDA projections for the current marketing year. The 2020/21 marketing year started June 1st, 2020 for wheat, August 1st, 2020 for cotton and rice, September 1st, 2020 for beans, corn, and sorghum, and October 1st, 2020 for soybean products. The calendar year is the marketing year for beef and pork.Wheat came ...
Source: Brownfield Ag
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.