Thursday’s release of the Weekly Export Sales report from USDA showed corn sales near the top end of pre-report estimates while soybeans and wheat were lagging. For the week ended February 2nd, corn net sales of 1,160,300 MT for 2022/2023 were down 27 percent from the previous week, but up 19 percent from the prior 4-week average. Japan, unknown destinations and Mexico were the top buyers of corn for the week.
Soybean net sales of 459,400 MT for 2022/2023 were down 38 percent from the previous week and 49 percent from the prior 4-week average. China was the top buyer on the week with much of that a switch from unknown destinations. Wheat net sales of 131,400 metric tons (MT) for 2022/2023 were down 4 percent from the previous week and 56 percent from the prior 4-week average with Mexico and Colombia the top buyers.
Cotton also saw a marketing year high in export sales for the week ended February 2nd.
Beet net sales came in at 16,400 MT with South Korea, Japan, Mexico, Canada and China the top buyers. Pork net sales came in at 28,800 MT with Mexico, South Korea, China, Colombia and Australia the top buyers.
Read the full report here: https://apps.fas.usda.gov/export-sales/highlite.htm