Sep 15, 2014
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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: Corn Sales Increase for Third Consecutive Week

May 30, 2014

U.S. corn prices have been falling in recent weeks prompting export sales around the world. Favorable spring planting weather has allowed U.S. farmers to plant their corn crop on time and look forward to what is suppose to be a record crop. 

Weekly U.S. net corn sales for the week ending May 22nd in the 2013/2014 marketing year were 621,300 metrics tons (MT), a 22% increase from the previous week, but a 10% decrease from the prior 10-week average. Increases were reported from Mexico, Egypt, Israel, Colombia, Portugal, and South Korea. Decreases were reported from China, Spain, Costa Rica, and unknown destinations. Exports were 1,210,200 MT, a 4% increase from the prior week, but a 2% decrease from the prior 10-week average. The primary destinations were Japan, China, Indonesia, Brazil, Yemen, Mexico, and Nigeria.

Weekly net soybean sales were 60,300 MT, a 63% decrease from the previous week and a 6% decrease from the 10 week average. Increases were reported from Taiwan, Japan, Indonesia, Mexico, Vietnam, and Canada. Decreases were reported from unknown destinations. Exports were 119,300 MT, a 42% decrease from the prior week and a 74% decrease from the prior 10-week average. Primary destinations were Mexico, Indonesia, Japan, Israel, and Taiwan.

Weekly net wheat sales were 89,800 MT, a 36% decrease from the previous week and a 66% decrease from the prior 10-week average. Increases were reported from Yemen, South Africa, Nigeria, Italy, Nicaragua, and South Korea. Decreases were reported from Taiwan, Israel, Brazil, Mexico, and unknown destinations. Exports were 529,100 MT, a 4% increase from the prior week and a 3% decrease from the prior 10-week average. Primary destinations were Japan, China, Indonesia, Brazil, Yemen, Mexico, and Nigeria.
 
Export Report Sales Volume 5 30 14
Export Report Export Volume 5 30 14
- Colvin

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