July 3, 2022
Fargo, US 80 F

Weekly Export Sales- 4/7/22- Another Active Week for Corn and Soybeans

We saw increases this week for both old and new crop corn and soybeans on the Weekly Export Sales report from USDA. For corn, USDA reported an increase of 30.8 million bushels (mb) (782,400 mt) of corn export sales in 2021-22 and an increase of 5.7 mb (145,200 mt) for 2022-23. For soybeans, USDA reported an increase of 29.4 mb (800,700 mt) of soybean export sales in 2021-22 and an increase of 11.0 mb (298,500 mt) for 2022-23. We also saw increases for old and new crop wheat as USDA reported an increase of 5.7 mb (156,300 mt) of wheat export sales for 2021-22 and an increase of 8.2 mb (223,000 mt) for 2022-23.

Beef net sales were 14,000 MT which was down 39 percent from last week while pork net sales were 41,200 MT which was up 49 percent from a week ago. China was a top buyer of pork along with Mexico while China was absent from the beef market.

Read the full weekly export sales report here: https://apps.fas.usda.gov/export-sales/highlite.htm

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