24.2 MMT of 2020/21 soybean exports already sold

As of Aug. 27, the U.S. had pre-sold 24.2 MMT of new-crop soybeans, beating the previous sales record set in 2013/14 of 23.9 MMT of 2014/15 soybeans. USDA is currently forecasting 2020/21 U.S. soybean exports at 57.8 MMT (2.125 billion bushels), a return to [...]

Soybean exports closing out August on high note

The U.S. exported 1.28 MMT of soybeans during the week of Aug. 20, the highest weekly volume since last December. The week’s shipments raised cumulative 2019/20 exports to 43.24 MMT (1.59 billion bushels). The season total seems poised to beat USDA’s current forecast of [...]

AJC imports continued to rebound in May

The U.S. imported 51.03 million single-strength-equivalent (SSE) gallons of apple juice in May, up 11 percent from April and up 19 percent from a year ago. Imports of apple juice concentrate fell sharply in March to just 32.44 million SSE gallons as supply from [...]

China’s big corn buy puts a pause on falling futures

Another week, another record U.S. corn purchase from China. Last Thursday, China bought 1.937 million metric tons (MMT) or 76.1 million bushels of new-crop corn. This edges out the previous record of 1.762 MMT set just two weeks previously. China’s purchases of new-crop U.S. [...]

South American corn harvest leads to export activity

As of Jul. 16, Argentina’s corn harvest was over 90 percent complete. Production is still forecast at 50 MMT by both USDA and Bola de Cereales. Weekly Argentine corn exports reached a calendar year high in late June of over 1.9 MMT but have [...]

Corn supported by Chinese purchasing & high temperatures

China has been active in purchasing corn from the U.S. On Friday, July 10, purchases were 1.3665 million metric tons (MMT), the second highest on record. Then last Tuesday, purchases of 1.762 MMT set a new record, eclipsing the previous record of 1.45 MMT back [...]

2019/20 soybean stocks raised to 620 million

Friday’s WASDE report showed that USDA is expecting higher soybean ending stocks for this season, although it isn’t sure yet which use category will be the source. Crush for 2019/20 was raised 15 million bushels from the June estimate, to 2.155 billion bushels, while [...]

April AJC imports near 46 million SSE gallons

The U.S. imported 45.8 million single-strength-equivalent gallons of apple juice during April, up 41 percent from March and up 12 percent from a year ago. Importers may have playing catchup after business with China declined sharply during China’s COVID shutdown: 65 percent of apple [...]

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