USA: Export sales of old crop corn and new crop wheat up on week

Published 2023년 7월 7일

Tridge summary

During the week ending June 29th, export sales for several major commodities, including corn, sorghum, soybean meal, and new crop wheat, saw significant increases. However, the effects of global competitors such as Brazil and Russia continue to impact these sales. Beef export sales also experienced a rise, while old crop soybeans, cotton, and rice saw declines, and old crop soybean oil reached a marketing year low.

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

Original content

Export sales for several major commodities improved during the week ending June 29th. The USDA says old crop corn, sorghum, soybean meal, and new crop wheat sales all saw solid week-to-week increases but continue to show the effects of competitors like Brazil and Russia. Beef export sales were also above a week ago. Old crop soybeans, cotton, and rice were down and old crop soybean oil hit a marketing year low. Export business is driven by several factors, including seasonal demand trends and currency trade. The USDA’s next set of supply and demand estimates is out Wednesday, July 12th at Noon Eastern/11 Central.The 2023/24 marketing year got underway June 1st, 2023 for wheat, while 2022/23 started August 1st, 2022 for cotton and rice, September 1st, 2022 for beans, corn, and sorghum, and October 1st, 2022 for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 405,800 tons (14.9 million bushels). Mexico purchased 111,400 tons and the ...

Source: Brownfield Ag