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Information is from the USDA.
Sales of U.S. corn and soybeans to foreign buyers fell week over week, while wheat sales improved, according to data from the U.S. Department of Agriculture (USDA). Corn sales in the seven days ending Jan. 5 fell 20% to 255,700 metric tons and were down 62% from the previous four-week average, the agency said in a report.
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Mexico was the biggest buyer with 223.5 thousand tons, followed by China with 138.6 thousand tons and Canada with 33.4 thousand tons. Nicaragua purchased 6,100 tons and Taiwan, 5,200 tons. The total would have been higher, but an unidentified country canceled shipments of 110,600 metric tons and Honduras canceled shipments of 42,500 tons, the USDA said.
Corn exports for the week fell 49% to 387,100 tonnes. Soybean sales fell 1% to 717,400 metric tons, marking a 41% drop from the previous four-week average, the government said.
China took 676,600 metric tons, Germany bought 142,600 tons, Mexico bought 100,400 tons, Bangladesh bought 57,200 tons and Spain bought 46,900 tons of US supplies. An unknown destination canceled shipments of 348,800 metric tons, the agency said.
Soybean exports totaled 1.62 million tonnes, an increase of 10% from the previous week. Wheat was the exception, as sales nearly doubled to 90,800 tons but were down 73% from the average, the USDA said.
China purchased 66,000 tonnes, the Philippines 23,200 tonnes, Italy 18,900 tonnes, South Africa 7,700 tonnes and Panama 6,000 tonnes. An unidentified country canceled shipments of 43,000 metric tons and Thailand canceled shipments of 3,600 tons, the agency said. Wheat exports for the week increased week over week to 193,000 metric tons, the government said in its report.
Source: Leonardo Gottems | agrolink
