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Export sales of the US: Corn, soybeans missed the mark

Grain & Cereals
United States
Supply Yield / Stock Quantity
Mar 24, 2022
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New crop sales chipped in another 240,000 bushels, for a total of 38.8 million bushels. That was on the very low end of analyst estimates, which ranged between 35.4 million and 86.6 million bushels. Cumulative sales for the 2021/22 marketing year are slightly trailing last year’s pace, with 1.193 billion bushels. Corn export shipments improved 17% from a week ago but were 8% below the prior four-week average, with 58.7 million bushels. China was the No. 1 destination, with 18.8 million bushels. Japan, Mexico, Colombia and Canada rounded out the top five. Sorghum export sales fell to a marketing-year low, with net reductions of 252,000 bushels. Sorghum shipments fared better, with 10.0, which was 19% above the prior four-week average. China accounted for more than 99% of the total, with Mexico picking up the tiny remainder. Old crop soybean sales tumbled 70% below the prior four-week average, to 15.1 million bushels. And new crop sales saw reductions of around 475,000 bushels, ...
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