Good week for pork in United States and new crop soybean exports
Published 2021년 7월 1일
Tridge summary
The article provides an overview of U.S. export sales for agricultural commodities in the recent week, focusing on the beginning of the 2021/22 marketing year. It highlights a mixed performance across various crops and livestock products. Highlights include:
- New crop soybean sales, with China's significant purchase, and pork exports, especially to Mexico, were the week's highlights.
- However, there was a decline in export sales for old and new crop corn, wheat, sorghum, soybean products, cotton, rice, and beef compared to the previous week.
- The USDA is set to release updated supply and demand estimates on July 12th.
- In terms of marketing year starts and progress, wheat and corn sales are down from last year, while sorghum and rice exports have seen increases.
- Soybean sales are up, with a substantial amount soon to be delivered to China and unknown destinations.
- Upland cotton sales are down, but there is strong demand from Vietnam and Pakistan for future deliveries.
- Net beef and pork sales are down, but shipments show slight increases, with Mexico and China being major recipients.
- New crop soybean sales, with China's significant purchase, and pork exports, especially to Mexico, were the week's highlights.
- However, there was a decline in export sales for old and new crop corn, wheat, sorghum, soybean products, cotton, rice, and beef compared to the previous week.
- The USDA is set to release updated supply and demand estimates on July 12th.
- In terms of marketing year starts and progress, wheat and corn sales are down from last year, while sorghum and rice exports have seen increases.
- Soybean sales are up, with a substantial amount soon to be delivered to China and unknown destinations.
- Upland cotton sales are down, but there is strong demand from Vietnam and Pakistan for future deliveries.
- Net beef and pork sales are down, but shipments show slight increases, with Mexico and China being major recipients.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The USDA says the week ending June 24th was a fairly quiet week for U.S. export sales. Two of the bright spots were new crop soybean sales, with China buying more than 1.1 million tons, and pork, with Mexico purchasing well over half of the weekly sales total. Old and new crop corn, wheat, sorghum, soybean products, cotton, rice, and beef sales all declined from the previous week’s levels. The USDA’s next set of supply and demand estimates is out July 12th.The 2021/22 marketing year started June 1st, 2021 for wheat, while 2020/21 got underway August 1st, 2020 for cotton and rice, September 1st, 2020 for beans, corn, and sorghum, and October 1st, 2020 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 226,300 tons (8.3 million bushels). Japan purchased 148,700 tons and Mexico bought 31,100 tons. Less than a month into the 2021/22 marketing year, wheat sales are 235.2 million bushels, compared to 263.2 million early in 2020/21.Corn was ...
Source: Brownfield Ag
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