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 [...]

Mexico behind modest boost to corn export commitments

Mexico has booked more than a million metric tons of corn in two separate weeks this season, but even so, average weekly orders, at 340,400 MT, remained 10 percent below the same period last season. On the other hand, South Korea has yet to [...]

How far out are pending trade agreements?

U.S.-Japan: On Monday, Sep. 16, President Trump informed Congress that he had reached an initial trade deal with Japan. The president noted his intent to sign an agreement before the end of September with a key goal being “more fair and reciprocal trade” between [...]

2018/19 soybean exports should beat August forecast

The U.S. exported 873,260 MT of soybeans during the week ending Aug. 22, down 26 percent from the previous week but still more than a third above the necessary weekly average for the rest of August. Cumulative exports totaled 45.0 MMT (1.65 billion bushels). [...]

U.S. may expand 2018/19 Mexican sugar import quota

Official estimates peg October-May imports of Mexican sugar at 596,739 metric tons raw value (MTRV), down 17.5 percent from the 723,704 MTRV imported during the same months of 2017/18. Year-to-date imports are down 19.6 percent from the average of the three market years that [...]