US export sales mostly up on a week

The USDA says export sales numbers during the week ending June 17th generally improved from the previous week, but there were some exceptions. Old crop corn and soybean exports were both up noticeably from the week before, with another solid week for new crop corn against slower sales for new crop beans as buyers wait for prices to decline. Beef export sales showed a good week to week improvement, but were lower than average, while pork exports were down modestly. Wheat, rice, and soybean product sales were also higher than the week before, contrasting with cotton, which fell 33%. The USDA’s next set of supply and demand estimates is out July 12th.Physical shipments of corn and wheat were more than what’s needed to meet USDA projections for the respective marketing years. The 2021/22 marketing year for wheat started June 1st, 2021, while 2020/21 got underway August 1st, 2020 for cotton and rice, September 1st, 2020 for beans, corn, and sorghum, and October 1st for soybean ...