On this week’s export sales report, we saw decent sales of both old and new crop corn at 34.1 million/bu of old and 33.2 million/bu of new crop. On the soybean side, we saw 17.7 million/bu of old and 21.3 million/bu of new crop sales. Wheat was dismal again with just 1.2 million/bu of old and 4.6 million/bu of new crop, reflecting possibly just how expensive U.S. wheat is on the world market.
China bought a net 6.1 million bushels of old-crop soybeans in the week ending April 21, although 4.4 million was a switch from unknown destinations. It also bought 17.2 million new-crop bushels of soybeans on the week. China was also the featured buyer of U.S. corn buying a net 28.7 million/bu of old and 24.1 million/bu of new crop.
Beef net sales of 11,400 MT for 2022 were down 24 percent from last week and 34 percent from the prior four week average. Japan and China were the top buyers of beef last week. Pork net sales of 31,500 MT were up considerably from last week and up 19 percent from the prior four week average. Mexico was the top buyer again followed by Japan and Canada.
View the full weekly export sales report here: https://apps.fas.usda.gov/export-sales/highlite.htm