Global: Export sales hit a marketing year high

Published 2023년 6월 8일

Tridge summary

The article reports a significant increase in US cotton export sales to China, reaching over 480,000 bales, the highest this marketing year. While soybean and pork exports also see improvements, other commodities like wheat, corn, sorghum, rice, soybean meal, and pork experience declines in sales. The article also provides figures for shipments and sales of these commodities to various countries and compared to the previous marketing year.

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

Original content

Cotton export sales shot sharply higher during the week ending June 1st. The USDA says sales of upland cotton hit a marketing year high at more than 480,000 bales, with most of that to China, which will primarily be used to manufacture clothing. Soybean and pork export sales also showed week-to-week improvements, while sales of other major commodities were down on the week. Export trade is driven by several factors including the value of the dollar relative to other currencies and seasonal shifts in demand. The USDA’s next set of supply and demand estimates is out 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 2023/24 marketing year started June 1st, 2023 for wheat, while 2022/23 got underway 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 ...

Source: Brownfield Ag