Sep 21, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Current Marketing Thoughts

RSS By: Kevin Van Trump,

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Horrible Grain Export Sales Data This Morning

Oct 12, 2012


USDA also released export sales data this morning, all three major US crops below expectations... VERY POOR SALES DATA!!! Corn a complete joke. Below are specifics:
  • Corn export sales reported at 14,200. The trade was looking for a number between 300,000 and 450,000. Last week 327,00 was reported. 
  • Soybeans export sales reported at 523,700. The trade was looking for a number between 700,000 and 900,000. Last week 1.3 million was reported. 
  • Wheat export sales reported at 279,900. The trade was looking for a number between 300,000 and 500,000. Last week 307,000 was reported.
Asian cancelations (South Korea canceling corn and feed wheat, along with China canceling a cargo of corn) has the trade second guessing yesterday's rally. Thoughts are rationing maybe closer at hand than some have anticipated. I am not on the same page, but the market is definitely giving back a large portion of yesterday's gains. We are simply not going to see big corn export numbers because of the cheap supplies out of South America and Ukraine, that is why the USDA continues to slash US export estimates. We are already anticipating some of the lowest corn export numbers in the past 30 years, so I don't think this is any real surprise. There is some talk this morning that some significant Argentine corn sales may have been made to US buyers, which adds to the Brazilian corn purchases coming into the country. 

For the rest of this story and more insight into understanding your marketing tendencies, sign-up here to receive a RISK-FREE 30-Day trial of my daily Grain and Livestock commentary. So many advisors want to tell you exactly how to market your crop, I want to teach you to better understand the markets and how you should respond.  If you are looking to be educated and not just told what to do, simply click here and get started!

Van Trump Report

Log In or Sign Up to comment


No comments have been posted, be the first one to comment.

Receive the latest news, information and commentary customized for you. Sign up to receive Dairy Today's eUpdate today!

The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions