Export sales of the US: Last call for old crop wheat

Published 2022년 6월 3일

Tridge summary

The article provides an overview of the USDA's export sales report for the week of May 26, 2022, which marks the start of the 2022/23 marketing year for wheat. It highlights the disappointing sales trends for key crops like corn, soybeans, and wheat from the previous marketing year (2021/22), indicating significant declines compared to the average of the past four weeks. Despite these shortfalls in sales, the export shipments for these crops remained robust, particularly for corn and wheat. The article also notes that the cumulative totals for the 2021/22 marketing year remain below the previous year's figures for corn, soybeans, and wheat, indicating a slower pace in demand compared to the previous year.

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

Original content

Technically, wheat has entered the 2022/23 marketing year as of June 1. However, the latest USDA export sales report, covering the week through May 26, offered one of the final look at 2021/22 sales (which came in at a trickle). Soybean and corn sales were also disappointing in a largely lackluster set of data from the past week. Old crop corn sales fell 52% below the prior four-week average, with 7.3 million bushels. New crop sales accounted for another 1.9 million bushels, bringing the total to 9.2 million bushels. That was on the very low end of trade estimates, which came in between 8.9 million and 27.6 million bushels. Cumulative totals for the 2021/22 marketing year remain moderately behind last year’s pace, with 1.823 billion bushels. Corn export shipments were much more robust but still faded 4% below the prior four-week average, with 62.2 million bushels. Mexico, Japan, China, Colombia and South Korea were the top five destinations. Sorghum export sales made it to 1.3 ...

Source: Prairie Grain Partners