Brisk US corn and soy sales paces tempered by China's absence -Braun

Published 2024년 12월 12일

Tridge summary

The article highlights a decrease in U.S. corn and soybean export sales, with corn sales at an 11-week low and soybean sales at a 19-week low in the week ending Dec. 5. Despite this, the U.S. Department of Agriculture has increased its corn export outlook for 2024-25 by 150 million bushels, and total sales for both corn and soybeans cover above-average portions of full-year expectations. However, China's low involvement in soybean purchases, along with its rejection of other U.S. farm exports, is causing concern, particularly with President-elect Donald Trump threatening steep tariffs on China. Bulk commodity exports to China have seen a decrease, while exports to other destinations have increased by 20%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(MENAFN- Live Mint) By Karen Braun NERVILLE, Illinois, - After multiple weeks of impressive volumes, last week's U.S. corn and soybean export sales were a disappointment. Luckily, total export sales for both crops still cover an above-average portion of full-year expectations, which are extremely healthy in the case of corn. But China's limited involvement with soybeans remains somewhat alarming, and this is a theme that carries across many of the top U.S. agricultural goods typically exported to China. GOOD PACE U.S. corn and soybean export sales in the week ended Dec. 5 hit 11- and 19-week lows, respectively, and both fell below the range of trade estimates. However, that did not tarnish the recent progress. The U.S. Department of Agriculture on Tuesday raised its 2024-25 U.S. corn export outlook by 150 million bushels, which by percentage was the month's largest increase in exactly 30 years. As of Dec. 5, some 56% of USDA's full-year corn export target had been sold, above the ...

Source: Menafn