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Farmland Forecast

RSS By: Marc Schober, AgWeb.com

Marc Schober is the editor of Farmland Forecast an educational blog devoted to investments in agriculture and farmland.

USDA Weekly Exports: Week to Week Sales and Exports Decrease

Mar 13, 2014

Sales and exports declined week over week for corn, soybeans, and wheat. Corn and wheat exports remained above their 10-week average. Soybean exports fell below 1 million bushels for the first time since early October.

Weekly U.S. net corn sales for the week ending March 6th in the 2013/2014 marketing year were 683,400 metrics tons (MT), a 55% decrease from the previous week and a 29% decrease from the prior 10-week average. Increases were reported from Japan, South Korea, Taiwan, Colombia, and Mexico. Decreases were reported from Unknown Destinations, and China. Exports were 907,400 MT, a 20% decrease from the prior week, but a 9% increase from the prior 10-week average. The primary destinations were Japan, Taiwan, Mexico, Saudi Arabia, and Peru.

Weekly net soybean sales were 113,500 MT, an 85% decrease from the previous week and a 77% decrease from the prior 10-week average. Increases were reported from Mexico, Japan, Taiwan, Colombia, and Mexico. Decreases were reported from Unknown Destinations and China. Exports were 863,200 MT, a 26% decrease from the prior week and 45% decrease from the prior 10-week average. Primary destinations were China, Mexico, Japan, Taiwan, and Egypt.

Weekly net wheat sales were 476,900 MT, a 14% increase from the previous week, but a 7% increase from the prior 10-week average. Increases were reported from Nigeria, Taiwan, Indonesia, Thailand, Mexico, Japan, and Vietnam. Decreases were reported from Unknown Destinations. Exports were 455,700 MT, a 28% decrease from the prior week, but a 5% increase from the prior 10-week average. Primary destinations were Mexico, Indonesia, Japan, the Philippines, and Israel.

3 13 14 Sales
Source: USDA Foreign Agricultural Service

3 13 14 Export
Source: USDA Foreign Agricultural Service

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