Big week for soybean export sales November 17, 2022 By John Perkins Filed Under: Ag Exports, Beef, Cattle, Corn, Crops, Grains, Livestock, Meat, News, Pork, Soybeans, Trade, USDA, Wheat
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The USDA says export sales of several key commodities showed solid improvement during the week ending November 10th. Soybean export sales topped 3 million tons with more than half of that to China, while corn climbed back over a million, most of that purchased by Mexico. Pork and cotton export sales were also up on the week, while beef, wheat, rice, sorghum, and soybean products were down. Export sales are influenced by several factors including currency trade and seasonal demand. The USDA’s next set of supply and demand estimates is out December 9th.Physical shipments of soybeans were more than what’s needed to meet USDA projections for the current marketing year. The 2022/23 marketing year started June 1st for wheat, August 1st for cotton and rice, September 1st for beans, corn, and sorghum, and October 1st for soybean products. The marketing year for beef and pork is the calendar year.Wheat came out at 290,300 tons (10.7 million bushels). Mexico purchased 68,400 tons and Japan ...
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