US: Pork, corn, soybean export sales up on week

Published 2021년 10월 15일

Tridge summary

The USDA's export sales report for October 7th shows an increase in pork sales by 9% from the average, with Japan, Mexico, and China as the leading buyers. Beef sales remained at the recent pace, with Japan, China, and South Korea as the leading buyers. Corn and soybean export sales both exceeded a million tons for the second consecutive week. Wheat sales were up significantly from the four-week average, with the Philippines and Mexico as the leading buyers. Pork sales to Japan were 2% higher than the previous week, but 2% lower than the four-week average, mostly to Mexico, China, and South Korea.

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

Original content

The USDA’s export sales report for the week ending October 7th shows a larger than average week for pork. Pork sales were 9% above that average, with Japan, Mexico, and China leading the way, while beef matched the recent pace with Japan, China, and South Korea topping the list. Both corn and soybean export sales topped a million tons for the second consecutive week and wheat sales were up sharply from the four-week average. The USDA’s next set of supply and demand estimates is out Tuesday, November 9th.Physical shipments of soybeans were more than what’s needed to meet USDA projections for the current marketing year. The 2021/22 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.Wheat came out at 567,600 tons (20.9 million bushels), up 70% from the week ending September 30th and 42% from the four-week average. The Philippines purchased 142,000 tons and Mexico bought 127,800 ...

Source: Brownfield Ag