US: Soybean export sales up, several others down

Published 2023년 6월 2일

Tridge summary

The USDA's report shows a mixed trend in U.S. export sales for the week ending May 25th, with some commodities like soybeans, soybean meal, cotton, and sorghum seeing an increase, while corn, rice, and soybean oil sales decreased. Wheat sales were also down, hitting a marketing year low. However, there was a positive net reduction in upland cotton sales, primarily to China and Turkey. Pork and beef exports also saw a decline in both sales and shipments.

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

Original content

The USDA is reporting another mixed week for U.S. export sales. For the week ending May 25th, old crop soybean, soybean meal, cotton, and sorghum sales were up, while corn, rice, and soybean oil were down with another marketing year low for wheat. Reported new crop sales for those commodities were routine. Pork export sales fell from the previous week and beef was modestly lower. Export demand is influenced by several factors including the strength of the dollar relative to other currencies and seasonal trends in demand. The USDA’s next set of supply and demand estimates are Friday, June 9th at Noon Eastern/11 Central.Physical shipments of corn were more than what’s needed to meet USDA projections for the current marketing year. The 2022/23 marketing year started June 1st, 2022 for wheat, 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 ...

Source: Brownfield Ag