In the United States, big week for pork, soybean export sales

Published 2020년 10월 8일

Tridge summary

Last week, US pork export sales reached a marketing year high, with China purchasing 29,000 tons, an indication of improved demand. Other purchases included over 4,000 tons of U.S. beef, more than 1.5 million tons of U.S. soybeans, and over 215,000 tons of U.S. sorghum. China also bought significant amounts of U.S. wheat and cotton. Meanwhile, Japan and Mexico were the leading buyers of U.S. corn and soybeans, respectively. Wheat, corn, and sorghum shipments were above projections, while upland cotton sales were down. Beef and pork shipments also increased, with some sales for 2021 delivery mainly to Canada and Australia.

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

Original content

Pork export sales hit a marketing year high last week. The USDA says the total for the week ending October 1st of 60,200 tons were up more than 50% from the four-week average, with China buying 29,000 tons, a possible sign of significant demand improvement as Germany remains out of the export market because of an African swine fever outbreak in wild boars. China also bought more than 4,000 tons of U.S. beef, more than 1.5 million tons of U.S. soybeans, more than 215,000 tons of U.S. sorghum, and more than 25,000 bales of U.S. cotton. Wheat sales were up on the week, corn was down, and rice hit a new marketing year high for the second week in a row. The next export sales report is out on the 16th, delayed a day by Columbus Day.Physical shipments of sorghum, soybeans, and wheat were above what’s needed to meet projections for the current marketing year. The 2020/21 marketing year started June 1st for wheat, August 1st for cotton and rice, September 1st for beans, corn, and sorghum, ...

Source: Brownfield Ag