Corn exports for 2019/20 at two-thirds of forecast

Corn export shipments for the week ending Jun. 4 were just over 1.24 MMT (49 million bushels), down roughly 8 percent from the week prior and but above the pace needed to reach USDA’s season forecast of 1.775 billion bushels. That 2019/20 export forecast [...]

Soybean oil export sales fall back to average

April soybean oil export sales have come down from the elevated levels we saw during the second half of March and have been closer to average. For the week of Apr. 9, net soybean oil export sales were 21,180 MT, down 15 percent from [...]

Soybean export sales slide lower

Net soybean export sales for the week of Feb. 13 were 494,277 MT, down 23 percent week over week. Reductions were minimal for the second week in a row. China’s soybean purchases fell to just 11,500 MT, and the country’s outstanding sales were only [...]

Net U.S. corn export sales reach six-week high

For the week ending Jan. 23, net corn sales were at a six-week high 1.2 MMT (48.6 million bushels), up 23 percent from the previous week and nearly double the prior four-week average. Unknown destinations accounted for the most volume at 345,000 MT with [...]

Mexico sugar crop & new agreement with U.S.

Reference pricing for Mexican sugar has continued its three-month divergent trend: weakening for estandar, appreciation for refined. The most recent estandar pricing shows a drop of 0.5 percent from the previous week and of 0.7 percent from a month ago. Conversely, refined is up [...]

Rise in soybean export sales

Export sales and shipments strengthened during the first full, non-holiday week of 2020. For the week ending Jan. 9, net soybean export sales were 711,462 MT (26.14 million bushels), reflecting 377,300 MT of reductions from unknown destinations. Weekly net sales were about double the [...]

Will re-export values decline in 2020?

Re-export credit values have been one of the bright spots for sugar-containing products for exporters that participate in USDA’s re-export program, especially since the Suspension Agreements with Mexico were put in place. Over the last ten years, spot re-export credits using a formula of [...]

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