FI Evening Grain Comments 06/09/22

PDF Attached

 

USDA
report is Friday. USDA export sales were released today, and they were good for wheat and soybeans, poor for soybean products and corn.

 

Private
exporters reported sales of 143,000 metric tons of soybeans for delivery to unknown destinations. Of the total, 500 metric tons is for delivery during the 2021/2022 marketing year and 142,500 metric tons is for delivery during the 2022/2023 marketing year.

 

The
midday 11-15 day turned a little warmer for the US Midwest. 6-10 still shows warmer than normal temperatures for the upper Midwest. The 1-5 day precipitation map calls for lighter rain across the Midwest.

 

 

Weather

 

 

 

Refinitiv
US weather LT forecasts

 

World
Weather Inc.

WORLD
WEATHER HIGHLIGHTS FOR JUNE 9, 2022

• Not
  much change occurred overnight for many areas in the world
• High
  pressure ridges are still advertised in the middle of North America during the coming week and on out beyond mid-month
• The
  European 00z operational model was much too intense with its ridge for June 17-19
• The
  European 00z Ensemble and 00z GFS ensemble have much better solutions
• Net
  drying and hotter weather is expected, especially in the Plains and a part of the western Corn Belt
• June
  17-19 weather will include 90-107 degree high temperatures from South Dakota to Texas and possibly in the 90s to near 100 in western Iowa and western Missouri, but that assumes the model data is correct and the ridge is being played up hard because of possible
  tropical system in the Caribbean Sea and Gulf of Mexico at that time.
• The
  tropical event may not be there and if not the ridge will be less intensive
• Less
  frequent and less significant rain in the lower U.S. Midwest, southern half of the Great Plains and Delta during the next ten days will result in some drying in all of these areas
•  A
  timely occurrence of rain is likely in the northern Plains and northern Midwest favoring crop development
• Increasing
  rainfall is expected in the northern Plains and eastern Canada’s Prairies this weekend into next week resulting in new delays to late season fieldwork, but good progress has occurred in the past week
• West
  Texas weather will be more harsh over the next two weeks with less frequent and less significant rainfall, hotter temperatures and periods of high wind speeds
• Rain
  is expected in the Texas Panhandle tonight with a few sporadic showers to the south, but outside the Panhandle rainfall is not likely to be significant and that is true for other showers that occur there during the next week to ten days
• Canada’s
  drought stricken region in the Prairies will get critically important rainfall late this weekend into early next week
  
• 0.25
  to 0.75 inch and a few 1.00 to 2.00-inch amounts of rain will be possible
• The
  precipitation will stop the withering trend for some of the emerged crops
• The
  precipitation will induce some germination and emergence in fields that have been too dry for development
• Follow
  up rain will be extremely important and likely to come later this month and next
• Returning
  rain in eastern Canada’s Prairies will slow farming activity once again starting this weekend with next week’s weather more active
• No
  changes today in South America
• Western
  Argentina will continue dry and in need of rain for winter crops
• Southern
  Brazil will receive additional moisture keeping the region plenty wet
• No
  crop threatening cold is expected in Brazil grain, coffee, citrus and or sugarcane areas for ten days
• Recent
  rain and that which is still coming in western Mato Grosso will be good for late season cotton
• Europe
  weather will continue to better than earlier this month and in late May, but more rain is needed and net drying is likely in the west through the coming week to ten days returning a drier environment
• France
  will likely lead the drying trend
• Russia’s
  Southern Region, eastern Ukraine and western Kazakhstan will continue drying out over the next ten days
  
• This
  will eventually lead to crop stress and concern over future development
• China’s
  dry areas in the North China Plain and Central Yellow River Basin dryness will slowly be eased over the coming week by some periodic showers, but much greater rain will be needed
• Interior
  southern China is drying down after excessively great rainfall recently
• China’s
  coastal provinces will continue receiving frequent rain causing some flooding
  
• Rice
  and sugarcane will be most impacted by ongoing wet conditions in southern China
• Northeast
  China needs to dry down as well to favor fieldwork
• India’s
  monsoon will continue performing poorly this week, but rain may expand somewhat next week
• Western
  Australia is still poised to receive frequent rain over the next several days improving wheat barley and canola planting and emergence conditions

Source:
World Weather Inc.

 

Bloomberg
Ag Calendar

Thursday,
June 9:

• China’s
  first batch of May trade data, including soybeans, edible oils, rubber and meat imports
• USDA
  weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
• Ecosperity
  sustainability conference, Singapore
• Russian
  Grain Union’s International Grain Round conference, Gelendzhik, Russia, day 3

Friday,
June 10:

• USDA’s
  monthly World Agricultural Supply and Demand (WASDE) report, 12pm
• China’s
  agriculture ministry (CASDE) releases monthly report on supply and demand for corn and soybeans
• ICE
  Futures Europe weekly commitments of traders report
• Malaysian
  Palm Oil Board’s data for May output, exports and stockpiles
• CFTC
  commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
• FranceAgriMer
  weekly update on crop conditions
• Malaysia’s
  June 1-10 palm oil export data
• Brazil’s
  Unica may release cane crush and sugar output data (tentative)

Source:
Bloomberg and FI

 

USDA
S&D estimates

 

 

USDA
Export Sales

US
soybean export sales were near the higher end of expectations and products either below or at the low end of a trade range. China booked 128,900 tons of soybeans. USDA corn export sales were up from the previous week and within expectations but slow for this
time of year. No corn was sold to China. US wheat export sales for the current 2022-23 marketing year were very good at 451,000 tons and included unknown destinations, Mexico and the Philippines.

 

 

 

Macros

US
Initial Jobless Claims Jun-4: 229K (exp 206K; R prev 202K)

–         
Continuing Claims May-28: 1306K (exp 1303K; R prev 1306K)

EIA
Expects NatGas Consumption In US Electric Power Sector Will Average 0.9Bln Cubic Feet Per Day (BCF/D) More In 2022 Than In 2021

101
Counterparties Take $2.142 Tln At Fed Reverse Repo Op (prev $2.140 Tln, 98 Bids)

 

Corn

·        
US corn futures ended mixed. We saw bull spreading again on talk of tight old crop supplies. Good US weather pressured back month corn. USDA corn export sales were poor and weekly commitments will need to increase this summer
in order to reach USDA’s export projection.  News was light for corn.

·        
Funds bought an estimated net 5,000 corn contracts.

·        
Corn sales were very poor at only 280k old crop and 73.5k new crop.

·        
1-5 days calls for lighter rain across the Midwest.

·        
The weekly USDA Broiler Report showed eggs set up slightly and chicks placed up 2 percent from a year ago. Cumulative placements from the week ending January 8, 2022, through June 4, 2022 for the United States were 4.11 billion.
Cumulative placements were down slightly from the same period a year earlier.

·        
Yesterday DOE reported US ethanol stocks rose nearly 3% to 23.636 million barrels, higher than the trade average of 23.033 million barrels. Ethanol production was stated at 1.039 million barrels/day, below expectations of 1.06
million barrels/day. 

 

Export
developments.

·        
China looks to buy 40,000 tons of frozen pork on June 10.

 

From
Wednesday:

 

Updated
6/9/22

July
corn is seen in a $7.25 and $8.25 range

December
corn is seen in a wide $5.75-$8.50 range

 

Soybeans

·        
CBOT soybeans
rallied to their highest level since 2012 after trading lower overnight with bull spreading a feature after the 24-hour announcement.  USDA reported good soybean export sales and crop year to date commitments are running above USDA’s export forecast. We heard
a good amount of soybeans were sold out of the Gulf for July shipment, but some traders disagreed with the rumors. Soybean oil fell on lower palm oil and weakness in US crude oil.  Yesterday Egypt cancelled their vegetable oil import tender. Meal was initially
higher on product spreading. The nearby contract rallied $11.90/short ton. There was talk of tight US soybean meal supplies amid lack of US producer selling of soybeans.

·        
Funds bought an  estimated net 11,000 soybeans, bought 4,000 soybean meal and sold 3,000 soybean oil. 

·        
Indonesia rolled out another plan to boost palm oil exports (1 million tons by July 31). Shipments have been slow to start. The one million tons is well below the average 2.2-3.0+ million tons exported per month before the ban.

·        
China imported 9.67 million tons of soybeans during May, up 20 percent from a month earlier (April 8.08 million) and above 9.61 million tons during May 2021. January-May imports are 38.04 million tons, down 0.4% from year earlier.

·        
US temperatures will be above normal during the third week of June.

 

Export
Developments

·        
Private exporters reported sales of 143,000 metric tons of soybeans for delivery to unknown destinations.  Of the total, 500 metric tons is for delivery during the 2021/2022 marketing year and 142,500 metric tons is for delivery
during the 2022/2023 marketing year.

·        
Yesterday Egypt’s GASC import tender for soybean oil & sunflower oil was cancelled and bought cheaper local oils.  Lowest offer in the Egypt GASC import tender was $1800 per ton for soybean oil and $1898/ton for sunflower oil.

·        
China will offer another 500,000 tons of soybeans out of reserves on June 10.

 

 

Updated
6/9/22

Soybeans
– July $16.25-$18.10

Soybeans
– November is seen in a wide $12.75-$16.50 range

Soybean
meal – July $400-$445

Soybean
oil – July 79.50-84.00

 

Wheat

·        
Wheat futures were lower on
positioning ahead of the USDA report and uncertainty over Black Sea shipment prospects. US weather is improving for late planted winter wheat and spring wheat areas. USDA export sales are good and new-crop commitments are off to a good start, similar to last
year. 

·        
Funds sold an estimated net 4,000 soft red winter wheat contracts. 

·        
11-15 day still shows warmer than normal temperatures for the heart of the US.

·        
Russia said they have not reached an agreement with Turkey on Ukraine grain exports.

·        
Ukraine has sent some 601,115 tons of grains to the Romanian Black Sea port of Constanta since Russia invaded on Feb. 24, with an additional 120,294 tons in transit. – Rueters

·        
Ukraine June to date grain exports were 252,000 tons, nearly half of what was exported during the same period year ago.

·        
Strategie Grains lowered their estimate of European Union 2021-22 soft wheat exports to 28.0 million tons from 29.9 million projected in May and 31.4 million seen in April.

·        
Argentina’s BA Grains Exchange lowered their estimate of the Argentina planting area for the wheat crop to 6.4 million hectares from previous 6.5 million.

·        
Argentina’s Rosario Grain Exchange lowered their estimate of the Argentina wheat crop to 18.5 million tons from previous 19 million. The wheat area was reduced to 6.2 million hectares from 6.35 million.

·        
About 17 percent of the Argentina wheat crop had been planted, 13 points behind last season.

·        
The Canadian Saskatchewan government reported 91 percent of the 2022 crop had been planted, up from 76 percent from last week and behind the five-year average of 97 percent (2017-2021). They warned many acres in east Saskatchewan
may not be seeded this year due to excess moisture and standing water.

 

Export
Developments.

·        
Japan bought 146,990 tons of wheat, not 169,250 tons originally sought, from the US, Canada and Australia later this week. Original details of tender below:

·        
Jordan seeks 120,000 tons of wheat on June 14 for September/October shipment.

·        
Japan seeks 70,000 tons of feed wheat and 40,000 tons of barley on June 15 for arrival by November 24.

 

Rice/Other

·        
None reported

 

Updated
6/1/22

Chicago
– July $9.50 to $12.00 range, December $8.50-$12.50

KC
– July $10.50 to $12.75 range, December $8.75-$13.50

MN
– July $10.75‐$13.00, December $9.00-$14.00

 

 

USDA Export Sales

This
summary is based on reports from exporters for the period May 27-June 2, 2022.

Wheat:  Net
sales of 451,000 MT for the 2022/2023 marketing year, which began June 1, were primarily for unknown destinations (117,600 MT), Mexico (73,200 MT, including decreases of 1,500 MT), the Philippines (69,200 MT, including decreases of 3,700 MT), Switzerland (50,000
MT), and Taiwan (40,000 MT).  A total of 740,300 MT in sales were carried over from the 2021/2022 marketing year, which ended May 31.  Exports for the period ending May 31, of 138,800 MT brought accumulated exports to 18,668,900 MT, down 25 percent from the
prior year’s total of 24,806,600 MT.  The destinations were primarily to South Korea (50,700 MT), Guatemala (25,100 MT), Mexico (24,400 MT), Costa Rica (13,200 MT), and Nigeria (12,100 MT).  Exports for June 1- 2 of 212,000 MT were primarily to Mexico (62,700
MT), the Philippines (57,900 MT), Japan (34,700 MT), South Korea (32,900 MT), and Italy (23,700 MT).

Corn: 
Net sales of 280,400 MT for 2021/2022 were up 51 percent from the previous week and 19 percent from the prior 4-week average.  Increases primarily for Mexico (89,500 MT, including decreases of 39,500 MT), Japan (76,500 MT, including 73,900 MT switched from
unknown destinations), Colombia (34,400 MT, including 30,000 MT switched from unknown destinations and decreases of 12,800 MT), Venezuela (28,300 MT, including 15,000 MT switched from unknown destinations and decreases of 1,700 MT), and Jamaica (27,900 MT),
were offset by reductions primarily for unknown destinations (41,300 MT) and Guatemala (27,300 MT).  Net sales of 73,500 MT for 2022/2023 reported for unknown destinations (53,800 MT), Mexico (20,000 MT), and Jamaica (9,700 MT), were offset by reductions for
Japan (10,000 MT).  Exports of 1,381,600 MT were down 13 percent from the previous week and 12 percent from the prior 4-week average.  The destinations were primarily to Mexico (344,900 MT), China (266,600 MT), Taiwan (144,400 MT), Japan (118,700 MT), and
Colombia (84,700 MT).

Optional
Origin Sales: 
For 2021/2022, options were exercised to export 60,000 MT to unknown destinations from the United States.  The current outstanding balance of 218,300 MT is for unknown destinations (175,000 MT), Italy (34,300 MT), and Saudi Arabia
(9,000 MT).  For 2022/2023, the current outstanding balance of 35,400 MT is for Italy.

Barley: 
No net sales were reported for the 2022/2023 marketing year, which began June 1.  A total of 5,200 MT in sales were carried over from the 2021/2022 marketing year, which ended May 31.  Accumulated exports were 15,300 MT,
down 43 percent from the prior year’s total of 26,800 MT.  There were no exports for the period ending May 31 and no exports for the period ending June 1.

Sorghum: 
Net sales of 10,200 MT for 2021/2022 were down 69 percent from the previous week and down noticeably from the prior 4-week average.  Increases reported for China (73,200 MT, including decreases of 600 MT), were offset by reductions for unknown destinations
(63,000 MT).  Exports of 217,700 MT were up 60 percent from the previous week and 10 percent from the prior 4-week average.  The destination was China.

Rice: 
Net sales of 7,600 MT for 2021/2022–a marketing-year low–were down 63 percent from the previous week and 67 percent from the prior 4-week average.  Increases primarily for Jordan (3,000 MT), Canada (1,700 MT), Saudi Arabia (1,300 MT, including 1,000 MT switched
from Jordan), Guatemala (1,200 MT), and Mexico (800 MT), were offset by reductions for Colombia (1,000 MT) and New Zealand (200 MT).  Net sales of 700 MT for 2022/2023 were for Guatemala.  Exports of 24,600 MT were down 61 percent from the previous week and
38 percent from the prior 4-week average.  The destinations were primarily to Colombia (14,300 MT), Jordan (4,300 MT), Canada (1,800 MT), Saudi Arabia (1,700 MT), and Mexico (1,200 MT).

Soybeans: 
Net sales of 429,900 MT for 2021/2022 were up noticeably from the previous week and up 41 percent from the prior 4-week average.  Increases primarily for China (128,900 MT, including decreases of 10,900 MT), Egypt (117,500 MT, including 52,000 MT switched
from unknown destinations), Germany (66,000 MT), Pakistan (55,000 MT), and Mexico (29,200 MT, including decreases of 7,000 MT), were offset by reductions for unknown destinations (27,000 MT) and South Korea (300 MT).  Net sales of 595,300 MT for 2022/2023
were primarily for Pakistan (297,000 MT), China (261,000 MT), Japan (12,300 MT), Mexico (10,000 MT), and unknown destinations (10,000 MT).  Exports of 476,500 MT were up 17 percent from the previous week, but down 17 percent from the prior 4-week average. 
The destinations were primarily to Mexico (190,200 MT), Germany (66,000 MT), Egypt (52,500 MT), Japan (37,200 MT), and Colombia (27,700 MT). 

Export
for Own Account:
For 2021/2022, the current exports for own account outstanding balance is 63,500 MT, all Canada.

Export
Adjustments: 
Accumulated exports of soybeans to the Netherlands were adjusted down 65,999 MT for week ending May 19th.  The correct destination for this shipment is Germany. 

Soybean
Cake and Meal: 
Net sales of 134,400 MT for 2021/2022 were down 29 percent from the previous week and 35 percent from the prior 4-week average.  Increases primarily for Mexico (46,100 MT), Venezuela (40,000 MT, including 18,000 MT switched from unknown destinations and decreases
of 100 MT), Guatemala (14,000 MT), El Salvador (11,300 MT, including 4,200 MT switched from Guatemala), and the Dominican Republic (11,100 MT), were offset by reductions primarily for unknown destinations (18,000 MT), Costa Rica (6,400 MT), and Belgium (2,400
MT).  Total net sales of 8,700 MT for 2022/2023 were reported for Costa Rica.  Exports of 229,400 MT were up 36 percent from the previous week and 17 percent from the prior 4-week average.  The destinations were primarily to the Philippines (48,000 MT), Mexico
(30,700 MT), Venezuela (28,000 MT), Honduras (25,500 MT), and Panama (19,700 MT).

Soybean
Oil: 
Net sales of 1,300 MT for 2021/2022 were down 70 percent from the previous week and 52 percent from the prior 4-week average.  Increases primarily for Colombia (2,300 MT switched from Costa Rica) and Guatemala (1,000 MT, including decreases of 2,000 MT), were
offset by reductions for Costa Rica (2,300 MT).  Exports of 7,700 MT were down 30 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were to Costa Rica (4,000 MT), Colombia (2,300 MT), Canada (900 MT), and Mexico
(500 MT).

Cotton: 
Net sales of 259,200 RB for 2021/2022 were down 27 percent from the previous week, but up 96 percent from the prior 4-week average.  Increases primarily for China (114,500 RB, including decreases of 300 RB), Vietnam (104,600 RB, including 400 RB switched from
Japan, 400 RB switched from South Korea, and 100 RB switched from China), Turkey (16,700 RB, including decreases of 7,600 RB), Bangladesh (13,200 RB), and India (2,200 RB), were offset by reductions for South Korea (400 RB).  Net sales of 102,900 RB for 2022/2023
reported for China (66,100 RB), Guatemala (25,900 RB), Mexico (11,000 RB), Japan (4,000 RB), and Thailand (1,300 RB), were offset by reductions for Pakistan (5,400 RB).  Exports of 335,900 RB were down 31 percent from the previous week and 11 percent from
the prior 4-week average.  The destinations were primarily to China (95,400 RB), Vietnam (56,200 RB), Pakistan (41,200 RB), Turkey (38,800 RB), and India (24,300 RB).  Net sales of Pima totaling 400 RB were up 11 percent from the previous week, but down 80
percent from the prior 4-week average.  Increases primarily for Pakistan (200 RB), Indonesia (100 RB), Japan (100 RB), and Honduras (100 RB), were offset by reductions for Mexico (100 RB).  Exports of 11,100 RB were down 25 percent from the previous week,
but up 15 percent from the prior 4-week average.  The destinations were primarily to India (5,700 RB), China (4,500 RB), Peru (400 RB), and South Korea (300 RB).

Optional
Origin Sales: 
For 2021/2022, options were exercised to export 12,400 RB to Vietnam from the United States.  Options were exercised to export 400 RB to Pakistan from other than the United States.  The current outstanding balance of 22,900 RB is for Vietnam (20,400 RB) and
Pakistan (2,500 RB).

Export
for Own Account:
For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.

Hides
and Skins: 
Net sales of 342,100 pieces for 2022 were down 3 percent from the previous week and 18 percent from the prior 4-week average.  Increases primarily for China (219,400 whole cattle hides, including decreases of 23,000 pieces), Mexico (46,000 whole cattle hides,
including decreases of 2,400 pieces), South Korea (24,100 whole cattle hides, including decreases of 3,500 pieces), Thailand (13,300 whole cattle hides, including decreases of 3,000 pieces), and Brazil (12,000 whole cattle hides, including decreases of 100
pieces), were offset by reductions primarily for Japan (1,800 pieces) and Vietnam (700 pieces).  Exports of 356,000 pieces were down 15 percent from the previous week and 17 percent from the prior 4-week average.  Whole cattle hides exports were primarily
to China (192,800 pieces), South Korea (53,000 pieces), Mexico (46,700 pieces), Thailand (44,500 pieces), and Brazil (5,700 pieces).

Net
sales of 139,200 wet blues for 2022 were down 26 percent from the previous week and 2 percent from the prior 4-week average.  Increases reported for Vietnam (71,500 unsplit), China (33,100 unsplit), Italy (25,600 unsplit, including decreases of 100 unsplit
and 100 grain splits), Taiwan (7,800 unsplit), and Mexico (1,700 unsplit), were offset by reductions for Thailand (200 unsplit) and Portugal (100 grain splits).  Exports of 151,600 wet blues were up 55 percent from the previous week and 4 percent from the
prior 4-week average.  The destinations were primarily to Vietnam (48,200 unsplit), China (46,900 unsplit), Italy (21,200 unsplit and 13,900 grain splits), Thailand (13,200 unsplit), and Mexico (4,300 unsplit).  Net sales of 26,500 splits were down 98 percent
from the previous week and 94 percent from the prior 4-week average.  Increases reported for Taiwan (40,000 pounds), were offset by reductions for Vietnam (7,900 pounds) and South Korea (5,600 pounds).  Exports of 267,800 pounds were down 45 percent from the
previous week and 44 percent from the prior 4-week average. The destination was to Vietnam.

Beef: 
Net sales of 17,700 MT for 2022 were down 1 percent from the previous week and 21 percent from the prior 4-week average.  Increases were primarily for Japan (5,600 MT, including decreases of 900 MT), China (5,200 MT, including decreases of 300 MT), South Korea
(3,600 MT, including decreases of 600 MT), Canada (1,000 MT), and Mexico (800 MT, including decreases of 100 MT).  Total net sales of 400 MT for 2023 were reported for Canada.  Exports of 17,400 MT were down 9 percent from the previous week and from the prior
4-week average.  The destinations were primarily to Japan (6,000 MT), South Korea (4,600 MT), China (2,400 MT), Mexico (900 MT), and Canada (800 MT).

Pork: 
Net sales of 16,700 MT for 2022 were down 48 percent from the previous week and 44 percent from the prior 4-week average.  Increases primarily for Mexico (8,300 MT, including decreases of 200 MT), Japan (4,700 MT, including decreases of 100 MT), South Korea
(900 MT, including decreases of 500 MT), Canada (800 MT, including decreases of 400 MT), and Colombia (700 MT), were offset by reductions for Chile (100 MT).  Exports of 24,300 MT were down 22 percent from the previous week and 24 percent from the prior 4-week
average.  The destinations were primarily to Mexico (11,300 MT), Japan (3,500 MT), China (3,300 MT), South Korea (1,800 MT), and Canada (1,200 MT).

June
9, 2022                                                      1                FOREIGN AGRICULTURAL SERVICE/USDA

SUMMARY OF EXPORT TRANSACTIONS

Reported Under the Daily Reporting System           

For Period Ending JUNE 2, 2022

              

COMMODITY                                  DESTINATION                                     
QUANTITY (MT)                                MARKETING

 

CORN                                                 UNKNOWN                                           101,600 MT 1/                                      2021/2022

SOYBEANS                                        CHINA                                                    66,000 MT 1/                                       2021/2022      

SOYBEANS                                        CHINA                                                    66,000 MT 1/                                       2022/2023

SOYBEANS                                        PAKISTAN                                             55,000 MT 1/                                       2021/2022   

SOYBEANS                                        PAKISTAN                                          297,000 MT 1/                                        2022/2023

 

1/ Export sales.   

                                                  

 

U.S. EXPORT SALES FOR WEEK ENDING  6/2/2022

 

	CURRENT MARKETING YEAR						NEXT MARKETING YEAR
COMMODITY	NET SALES	OUTSTANDING SALES		WEEKLY EXPORTS	ACCUMULATED EXPORTS		NET SALES	OUTSTANDING SALES
		CURRENT YEAR	YEAR AGO		CURRENT YEAR	YEAR AGO
WHEAT	THOUSAND METRIC TONS
HRW	99.3	1,160.1	1,606.9	62.8	62.8	59.6	0.0	0.0
SRW	110.7	919.6	995.2	31.2	31.2	0.0	0.0	0.0
HRS	120.3	1,367.0	1,624.1	60.0	60.0	21.9	0.0	0.0
WHITE	120.7	835.8	1,114.8	58.0	58.0	54.7	0.0	0.0
DURUM	0.0	64.4	35.2	0.0	0.0	0.0	0.0	0.0
TOTAL	451.0	4,346.8	5,376.2	212.0	212.0	136.3	0.0	0.0
BARLEY	0.0	13.8	24.7	0.0	0.0	0.0	0.0	0.0
CORN	280.4	11,840.2	16,386.1	1,381.6	47,681.9	52,911.7	73.5	5,760.4
SORGHUM	10.2	914.6	1,010.2	217.7	5,889.7	6,220.9	0.0	0.0
SOYBEANS	429.9	9,883.4	3,807.9	476.5	50,077.1	57,732.9	595.3	12,697.4
SOY MEAL	134.4	2,606.5	1,983.0	229.4	8,237.8	8,457.9	8.7	420.0
SOY OIL	1.3	98.1	35.0	7.7	578.7	636.0	0.0	0.0
RICE
L G RGH	1.7	125.3	188.7	0.3	1,139.8	1,456.4	0.7	6.7
M S RGH	0.0	7.5	16.1	0.0	13.4	24.8	0.0	0.0
L G BRN	0.2	5.0	13.1	0.4	49.0	37.6	0.0	0.0
M&S BR	0.0	9.9	45.2	0.1	77.6	111.3	0.0	0.0
L G MLD	4.8	62.0	60.3	23.0	705.7	555.8	0.0	0.0
M S MLD	0.9	169.6	180.8	0.8	350.6	503.9	0.0	0.0
TOTAL	7.6	379.3	504.2	24.6	2,336.1	2,689.8	0.7	6.7
COTTON		THOUSAND RUNNING BALES
UPLAND	259.2	5,073.4	2,980.6	335.9	10,438.8	12,854.9	102.9	3,362.8
PIMA	0.4	73.8	145.2	11.1	403.1	663.4	0.0	52.8

 

FINAL 2021/22 MARKETING YEAR
COMMODITY	NET SALES	CARRYOVER SALES 1/	05/31/2022 EXPORTS	ACCUMULATED EXPORTS
WHEAT
HRW	5.9	308.4	65.9	7,172.4
SRW	1.4	87.7	25.9	2,785.9
HRS	-39.3	228.8	34.9	5,253.7
WHITE	4.6	115.3	12.1	3,260.5
DURUM	0.0	0.0	0.0	196.3
TOTAL	-27.5	740.3	138.8	18,668.9
BARLEY	0.0	5.2	0.0	15.3