FI Evening Grain Comments 12/06/22

PDF Attached

 

Private
exporters reported the following sales activity:

-264,000
metric tons of soybeans for delivery to China during the 2022/2023 marketing year

-240,000
metric tons of soybeans for delivery to unknown destinations during the 2022/2023 marketing year

 

Below
based on 100 index as of January 1, 2022. Note the downturn in wheat.

 

Soybean
meal appreciated by most in more than a month on Argentina and Paraguay weather concerns, easing China covid restrictions and unwinding of soybean oil/meal spreads. Soybeans were higher, following meal and a pickup in demand from China. CBOT crush was firm
in the nearby positions. Soybean oil traded lower in part to a large decline in WTI crude oil & product spreading. Corn and wheat traded lower. Chicago wheat hit its lowest level in more than a year (early October 2021). Grain export developments increased
Monday into Tuesday, but this did little to ease selling in corn and wheat.

 

 

Weather

Argentina’s
weather forecast turned a little unfavorable. Rain is still expected across southern Cordoba, southern Buenos Aires Wed-Thu; and northern Cordoba through Saturday.  Temps will be warm. Paraguay is expected to see net drying. Brazil is in good shape and the
southern areas may see rain later this week.  The US Great Plains should get rain favoring central and eastern OK, northern TX Wednesday, central KS, and other southern regions through the end of the week. The Midwestern growing areas of the south and east
will see rain this week. Other Midwestern areas will see some rain.

 

 

 

World
Weather, INC.

MOST
IMPORTANT WEATHER FOR THE DAY

• Hot
  temperatures occurred again Monday in Argentina with highs in the 90s to over 100 degrees Fahrenheit
  
• Hot
  conditions will continue until rain develops in the central and north Friday into Saturday at which time the heat will retreat to the north
• More
  seasonable temperatures are likely next week
• Argentina
  was dry again Monday and not much rain will fall until Friday into Saturday when rain evolves in the central and north
  
• A
  follow up rain event will impact east-central and northeastern parts of the nation Sunday into Monday
• The
  moisture from both events will be extremely important for crops due to the following week of weather expected to trend dry and warm once again
• Rainfall
  from the two events may vary from 0.30 to 1.25 inches and a few greater amounts will be possible, but in random locations
• Argentina’s
  bottom line will remain one of concern. The previously wettest areas of southwestern Argentina will experience the poorest distribution of rain in this next ten days and the ground will firm up with crops stress evolving once again. In the meantime, the shower
  activity expected late this week into Monday will bring a short term bout of relief to central and northern parts of the nation, but much more rain is needed to bolster soil moisture in a more permanent manner. Crop stress will continue to worry producers
  and trader in Argentina for at least another couple of weeks, despite the showers expected late this week and into the weekend.  Good wheat harvest and maturation conditions are anticipated.
  
• Net
  drying in southern Brazil is expected to continue over the next full week
• Rio
  Grande do Sul has not been dry enough yet this season to threaten crop development, but this coming week of warmer and drier weather may change that
• Timely
  rainfall will be very important in the second week of the outlook and there is rain predicted for that time period – if the rain fails crop stress could become more of an issue for far southern Brazil
  
• Most
  other areas in Brazil (including center west) will experience a good mix of rain and sunshine that will support long term crop development
• A
  few areas in the northeast may be trending a little too wet, but there is no sign of problems for the region as of today.
  
• U.S.
  northern Plains and upper Midwest are much wetter in today’s forecast model runs for late in the coming weekend and early next week relative to what was advertised Monday
• The
  storm is being fueled by warm temperatures in the eastern United States, cold air in Canada and the northwestern U.S. and an influx of moisture from the Gulf of Mexico
• The
  system seems to be a little too intense, but World Weather, Inc. sees the potential for a significant event as an active weather pattern begins to evolve
• Blizzard
  conditions may evolve and some significant moisture could impact the upper Midwest, but the event is too far out in time to have strong confidence in the details
• Runoff
  from this storm system could offer a little improvement on Mississippi River flow, but frequent follow up precipitation would be necessary to may a big difference
• Confidence
  in the presence of a new storm is strong, but the details of this system are still of low confidence
• Tennessee
  River Basin rainfall Monday varied from 1.00 to 3.00 inches and the region is slated to receive more rain through the coming weekend maintaining saturated soil conditions and raising river water levels on the Tennessee River
• Lower
  Mississippi River water levels should increase this weekend and next week as a result of the frequent rain in the Tennessee River Basin
  
• Some
  crop land will experience areas of standing water
• U.S.
  lower Delta and southeastern states will receive little to no rain through Friday, but may get some moisture this weekend into early next week to offer a short term boost in topsoil moisture
• U.S.
  hard red winter wheat areas will be mostly dry in the west-central Plains during the next ten days leaving winter crops poorly established and vulnerable to extreme weather this winter – at least until significant snow accumulates
• The
  coldest weather expected in the region will come next week
• Central
  and northern California received significant rain during the weekend with 0.60 to 3.45 inches resulted through this morning and additional moisture was expected into Monday
• Heavy
  mountain snow was also noted in the Sierra Nevada
• Central
  California will get another round of significant moisture during mid-week next week
  
• Late
  week precipitation is expected in the Cascade Mountains and coastal areas of Washington and Oregon resulting in greater mountain snowpack
• Restricted
  precipitation is likely east of the Mountains
• Additional
  precipitation is expected in the same areas during the weekend with some of that reaching California’s northern Sierra Nevada
• Bitter
  cold air remained over Russia’s New Lands this morning
• Near
  zero degree Fahrenheit low temperatures occurred in northern parts of Russia’s Southern region which is snow free, but no permanent damage to winter crops was suspected
• Western
  Russia and Ukraine will experience warming weather later this week into next week reducing concern over cold weather
• With
  that said there will be another couple of days of cold in Russia’s snow free areas
• Crop
  damage is not expected, though
• Northern
  Europe will be cooler than usual for a while in the next two weeks raising some demand for supplemental heating fuel, but the impact on winter crops will be minimal
• Precipitation
  is not likely to be very great, although there will be some brief bouts of rain and snow
• Central
  and southern Europe is poised to become stormier during the next two weeks with waves of snow and rain expected causing travel issues and stressing livestock
• Soil
  moisture increases are likely as time moves along and this will be good for Spain, southern France, Italy and eventually the Balkan Countries where moisture deficits remain from last summer
• Heavy
  snow may evolve this weekend in the Alps and then move northeast to Belarus, the Baltic States and northwestern Russia early next week
  
• South
  Africa weather is not likely to deviate very far from nearly ideal conditions during the next two weeks
• Routinely
  occurring rainfall and seasonably warm temperatures will promote the best possible environment for ongoing field operations and crop development
  
• Some
  greater than usual rainfall is expected in the coming ten days
• A
  tropical disturbance in the Bay of Bengal is expected to move west northwesterly early this week while intensifying
• The
  system will become a tropical cyclone that may run across southern India Thursday through the weekend
• Rainfall
  of 3.00 to 9.00 inches and local totals over 10.00 inches will result causing flooding in southern Andhra Pradesh and Tamil Nadu with lighter amounts in southeastern Karnataka and Kerala
• Open
  boll cotton in southern India will be vulnerable to a quality decline because of the rain and windy conditions accompanying the tropical cyclone inland
• India
  weather is expected to be mostly good early this week with limited precipitation and seasonable temperatures
• Net
  drying is expected in the central and north favoring winter crop planting, emergence and establishment while also supporting summer crop harvesting
• Far
  southern India will receive some periodic showers in this coming week with a tropical disturbance possible in the second half of this week and into the weekend
  
• See
  the tropical disturbance bullet above
• Southeast
  Asia weather will continue to generate frequent rainfall that will be sufficient in maintaining wet field and paddy conditions
• Excessive
  rainfall will be limited to localized areas each day
• A
  couple of tropical waves in a strong easterly monsoon flow are expected during the next couple of weeks
• Southeastern
  China will receive periodic rainfall during the next two weeks maintaining moisture abundance in the Yangtze River Basin and southern coastal provinces
• Most
  of the precipitation this week will be quite light allowing runoff from previous rain to continue which may help reduce the risk of flooding next week when greater rain resumes
• The
  moisture will be good for future rapeseed development and for early rice planting which is still several weeks away
• Winter
  crop conditions in northern China are rated favorably with little change likely anytime soon
• Recent
  colder weather has pushed some of the northern wheat crop into dormancy
• Ontario
  and Quebec will receive additional waves of snow and rain that will maintain moisture abundance in the region
• Canada’s
  Prairies will continue to experience cold weather and brief bouts of snow during the next couple of weeks
• North
  Africa will get rain periodically over the next ten days, although it may not be well distributed in some areas
• Greater
  rain is needed in parts of Morocco and northwestern Algeria which have been driest recently
• The
  moisture will be well timed and good for wheat and barley emergence and establishment after recent dryness
• Australia
  will experience a favorable mix of weather during the coming two weeks
• A
  boost in precipitation is needed in western sorghum and cotton production areas in Queensland and New South Wales to maintain the best possible production potential
• Brief
  periods of light precipitation are expected in winter crop harvest areas where some disruption to fieldwork may occur, but most of the disruptions will be short termed enough to have a low impact
• Mexico’s
  rain is expected to be very erratic and light over the next two weeks which is not unusual for this time of year
• Any
  precipitation that falls will be good for winter rice and citrus, but may disrupt some summer farming activity
• Most
  of the precipitation will be light and have little to no impact of significance
• Central
  America precipitation is expected to continue periodically during the next ten days, but no large region of excessive rain is expected this week
• Panama,
  Costa Rica and portions of southern and eastern Nicaragua will be wettest with rain totals rising above normal
• Nicaragua
  and Honduras will experience lighter than usual precipitation
• West-central
  Africa rainfall should be mostly confined to southernmost coffee and cocoa production areas
• The
  precipitation will be greatest near the coast
• Net
  drying is likely in most coffee, cocoa, rice, sugarcane and cotton production areas away from the coast which is normal for this time of year
  
• East-central
  Africa rainfall will be sufficient to support coffee and cocoa as well as a few other crops
• Rain
  will fall abundantly in Tanzania, southern Kenya and Uganda while it is more sporadic and light in Ethiopia
• Monday’s
  Southern Oscillation Index was +6.84 and it will move higher over the next few days – today’s index was not available.
  

Source:
World Weather INC

 

Bloomberg
Ag Calendar

Tuesday,
Dec. 6:

• EU
  weekly grain, oilseed import and export data
• Australian
  crop report & Abares agricultural commodities
• Purdue
  Agriculture Sentiment, 9:30am
• New
  Zealand global dairy trade auction

Wednesday,
Dec. 7:

• China’s
  first batch of November trade data, including soybean, edible oil, rubber and meat imports
• EIA
  weekly US ethanol inventories, production, 10:30am

Thursday,
Dec. 8:

• USDA
  weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
• Port
  of Rouen data on French grain exports
• Vietnam’s
  customs releases Nov. coffee, rice and rubber export data
• EU
  Agricultural Outlook conference, Dec. 8-9, Brussels
• Brazil’s
  Conab data on area, yield and output of corn and soybeans
• HOLIDAY:
  Argentina, Chile

Friday,
Dec. 9:

• USDA’s
  World Agricultural Supply and Demand Estimates (WASDE), 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
• CFTC
  commitments of traders weekly report on positions for various US futures and options
• FranceAgriMer
  weekly update on crop conditions
• Cane
  crush and sugar production data by Brazil’s Unica (tentative)
• HOLIDAY:
  Argentina

Source:
Bloomberg and FI

 

 

 

 

Soybean
and Corn Advisory

2022/23
Brazil Soybean Estimate Unchanged at 151.0 Million Tons

2022/23
Brazil Corn Estimate Unchanged at 125.5 Million Tons

2022/23
Argentina Soybean Estimate Lowered 1.0 mt to 48.0 Million 

2022/23
Argentina Corn Estimate Lowered 1.0 mt to 48.0 Million

 

Due
out December 8

 

Macros

US
Trade Balance Oct: -$78.2B (est -$80.0B; prev -$73.3B)

EIA
STEO Current Yr Crude F’cast (Bpd) Dec: 11.87 (prev 11.83)

–
Forward Yr Crude F’cast (Bpd): 12.34 (prev 12.31)

–
Current Yr Dry NatGas F’cast (Bcf/d): 98.13 (prev 98.07)

–
Forward Yr Dry NatGas F’cast (Bcf/d): 100.38 (prev 99.69)

EIA
2023 World Oil Demand Growth Forecast Cut By 160K Bpd, Now Sees 1M Bpd Y/Y Increase

–
2022 World Oil Demand Growth Unchanged At 2.26M Bpd Y/Y Increase

https://www.eia.gov/outlooks/steo/?src=email

 

 

Corn

·        
Corn futures started
higher on technical buying and higher soybean meal despite talk of China increasing corn purchases from Brazil. By early afternoon corn prices were lower, in part to spillover pressure in US wheat futures.

·        
WTI crude oil was more than $3.20 lower by 12:30 pm CT before paring some losses by the time CBOT ags closed. Global oil prices fell to their lowest levels since early 2022/late 2021.

·        
Bloomberg noted “four vessels loaded with Brazilian corn are currently ‘en’ route to China and five more should sail to China soon, according to the shipping agency Alphamar Agencia Maritima.

·        
Census reported US October corn exports at 82 million bushels, below 104 million during September and well below 159 million for October 2021. We think USDA may shave off 50 million bushels to their corn export projection later
this week. 

·        
Traders are looking for USDA to lower Argentina soybean production by 1.5 million tons and corn by 0.8 million. For Brazil, they look for a 0.5 MMT increase for soybeans and corn to be up 0.6 MMT. 

·        
D6 RIN prices are down about 30 cents over the past week to around $1.53.

·        
A Bloomberg poll looks for weekly US ethanol production to be down 1,000 thousand barrels to 1017k (1005-1040 range) from the previous week and stocks down 50,000 barrels to 22.884 million.

 

Export
developments.

·        
Taiwan’s MFIG seeks 65,000 tons of corn from the United States, Brazil, Argentina or South Africa, on Wednesday, for shipment between Feb. 13 and March 4 and/or Feb. 28 and March 19 (if from the US).

·        
South Korea’s FLC bought 130,000 tons of corn from South America at an estimated $328.99 a ton c&f for shipment between Jan. 5 and Jan. 20. A second consignment was abought at $324.00 a ton c&f and already loaded for shipment.

 

 

Updated
12/6/22

March
corn $6.00-$7.15 range. May
$5.80-$7.10

 

Soybeans

·        
Soybeans were sharply higher in large part to a very strong soybean meal market and soybean sales to China & unknown. Argentina and Paraguay weather concerns along with easing China corvid restrictions were noted. Soybean meal
was tough market to analyze today with prices up nearly $20/short ton by mid-morning. Ongoing unwinding of product spreads was clearly one of the drivers. Looking at a weekly chart, soybean meal is still well off their August highs ($531.20 was absolute high
on a rolling basis for the week ending Aug. 8). For the January contract, it’s at a contract high. Spot US domestic soybean meal basis was steady to weaker this morning. CIF meal was up $4-$5 per short ton.

·        
USDA reported a combined 504,000 tons of soybeans sold by private exporters to China and unknown destination under the 24-H announcement system, highest one day volume since October 14 when 590,000 tons were sold to China and
unknown. StoneX noted China needs to cover an additional 3 million tons of soybeans for January and 2.5 million for February. China apparently picked up nearly 30 cargoes of soybeans last week, spread out between US, Brazil and Argentina.

·        
Soybean oil was down more than 125 points in early afternoon trading before paring some losses. D4 RIN prices are starting to stabilize after falling to early August levels. Over the past week they are down around 27 cents. Year
to date they are still about 20 cents higher.

·        
CBOT soybean oil share basis January hit a late July low, nearing 40.50 percent. The value is lower than out initial target we estimated post EPA mandate news (42%). We look for oil share to start to stabilize now that volatility
in RIN prices are calming down.

·        
Census reported a smaller than expected US October soybean export figure at 359 million bushels, below our estimate of 371 million, above 78 million for September and below 395 million for October 2021. We estimate US soybean
exports at 1.900 billion bushels, below USDA’s current 2.045 billion projection and below 2.158 billion for 2021-22.

·        
Malaysian palm oil jumped Tuesday from news over Indonesia’s President asking the government to increase biodiesel blend rates to 35 percent.  No details were provided. First thought that came to mind was if this could be achieved.
But trials are in the works for B40. They are currently shooting for B30, which is mandatory.

·        
Malaysia Dec. 1-5 Palm Oil Exports -12.6% M/m: Intertek (Bloomberg).

·        
India November palm oil imports reached 1.14 million tons, a 29 percent increase from October, according to a Reuters poll of five analysts.  SEA estimates will be released around the middle of December.

·        
European Union soybean imports so far for the 2022-23 season reached 4.72 million tons by Dec. 5, against 5.35 million by the same week in the previous season. EU rapeseed imports hit 3.10 million tons, compared with 2.20 million
tons a year earlier. Soybean meal imports were 6.89 million tons against 6.72 million tons the prior season.

·        
Bunge sees renewable diesel capacity growing to 5 billion gallons, up from about 2 billion currently.

 

Export
Developments

·        
Private exporters reported the following sales activity:

-264,000
tons of soybeans for delivery to China during the 2022/2023 marketing year

-240,000
tons of soybeans for delivery to unknown destinations during the 2022-23 marketing year

 

 

Jan
oil share

Source:
Reuters

 

 

Updated
12/6/22

Soybeans
– January $14.00-$15.15 (unch), March $14.15-$15.25

Soybean
meal – January $425-$480, March $4.00-$500

Soybean
oil – January 57.00-68.50 range,
March 55.00-69.00

 

Wheat

·        
US wheat futures started higher for Chicago on light technical buying but weakness in KC futures pulled soft wheat prices lower. MN wheat was mixed. Yesterday Australia estimated a record 36.6 million ton wheat crop, a 1% increase
over the previous record set last year.

·        
Fighting on Monday escalated (missile strikes) in Ukraine and this could have limited losses in US wheat futures.

·        
Paris March wheat was lower by 3.00 euros at 301.25 euros a ton. During the session the contract hit its lowest level since February. It briefly traded below 300 euros per ton.

·        
Ukraine grain exports were up 39 percent from the previous week, ending December 4. For 2022-23 Ukraine’s AgMin looks for a slowdown in exports as winter plantings have shrunk.

·        
EU soft wheat exports so far in 2022-23 (July-June) reached 14.49 million tons by December 4, up 3.5% from 14.0 million year ago. The data may not fully reflect the recent purchases by China.  France has been the largest exporter
followed by Romania, then Germany. 

·        
Census reported US all-wheat exports for the month of October at 51 million bushels, well below 112 million for September but above 46 million for October 2021.

 

Weekly
March Paris wheat

 

Export
Developments.

·        
South Korea’s MFG bought about 60,000 tons of feed wheat from Australia at an estimated $350.00 a ton c&f for shipment between March 23 and April 23.

·        
South Korean flour mills bought around 50,000 tons of milling wheat from the United States. Reuters noted “the purchase involved soft white wheat of about 9.5% to 11% protein content bought in the low $320s a ton and soft white
wheat of 8.5% protein bought in the mid $320s a ton. It also included hard red winter wheat of 11.5% protein bought in the low $380s a ton and northern spring/dark northern spring wheat of 14% protein bought in the mid $390s a ton. The tender sought shipment
in 2023 between Feb. 16 and March 15.”

·        
Japan seeks 154,957 tons of wheat later this week for arrival by March 5.

·        
Taiwan seeks 42,750 tons of US wheat on December 7 for Jan 25-Feb 8 shipment.

·        
China plans to auction off 40,000 tons of wheat from reserves on December 7. 

 

Rice/Other

·        
Pakistan May Import 7m Bales Cotton as Output Drops: Dawn (Bloomberg).

·        
Bangladesh seeks 50,000 tons of rice on December 21 for shipment with 40 days of contract signing.

·        
Turkey’s TMO bought 18,000 tons of rice for up to 40,000 tons on Nov. 25. Reuters noted the purchase involved about 16,000 tons of round grain rice bought at an estimated $1,350 to $1,385 a ton including delivery. Another 2,000
tons of Type A rice was bought at about $1,150 a ton including delivery. “The tender sought rapid shipment between Dec. 5, 2022, and Feb. 15, 2023. Supplies already in warehouses in Turkey could be offered along with imports.”

 

 

Updated
12/6/22

Chicago
– March $7.00 to $8.50

KC
– March 7.75-$9.75

MN
– March $8.25 to $10.00

 

 

 

U.S. October Oilseed, Meal, Oils/Fats Exports-Dec 6

   In kilograms (top). Oils in pounds, soybeans in bushels, meal and hulls in

short tons (bottom). Source: U.S. Department of Commerce.

(*)NOTE: Year ago figures reflect data reported at that time.

Data includes Exports and Re-Exports.

 

                               ——- In Kilograms ——-

                        Oct 22          Sep 22          Aug 22         Oct 21

soybeans          9,780,966,637   2,122,976,204   3,317,554,232 10,507,297,242

soyoil               10,516,759      20,501,383      25,970,248     26,440,599

  crude               1,536,300      10,440,136      15,946,479     16,449,868

  refined                78,502         141,507         195,384        321,150

  other/1             8,701,358       9,779,468       9,635,649      9,486,624

  hydrogenated          200,599         140,272         192,736        182,957

cottonseed oil        3,269,146       4,376,424       4,074,527      4,457,971

  crude                       0         299,562         373,055        377,609

  refined             2,619,317       3,294,965       2,967,773      3,137,148

  other/1               282,734         625,124         609,615        586,304

  hydrogenated          367,095         156,773         124,084        356,910

sunseeds              1,382,849       1,493,636       1,673,261        541,723

sunseed oil           3,324,137       6,551,174       8,103,865      3,936,964

rapeseed             27,577,427      16,005,614       6,708,760     12,034,089

rapeseed oil         10,948,777       7,052,063       2,927,577     17,525,163

   crude              6,140,408       1,885,879         646,688      5,760,301

   refined            4,808,369       5,166,184       2,280,889     11,764,862

linseed meal             52,000          81,100         160,151        221,796

cottonseed meal       2,210,943       3,624,562       2,855,488      6,926,447

soymeal             665,828,282     604,592,808     720,757,114    802,001,173

soymeal/flour       188,459,201     203,780,401     100,572,595    173,986,132

soymeal hulls        16,479,000       9,163,000       6,902,000     13,418,000

lard                  1,750,065       1,807,852       4,726,170      9,759,408

edible tallow         2,246,351       2,970,327       4,622,449      6,400,011

inedible tallow      27,360,035      24,341,517      20,218,400     15,458,087

ch white grease               0          78,448          24,880         33,186

 

                         ——- In Bushels, Pounds or Short Tons ——-

                         Oct 22          Sep 22          Aug 22         Oct 21

soybeans            359,385,314      78,005,222     121,898,000    386,073,121

soyoil               23,185,489      45,197,820      57,254,606     58,291,553

  crude               3,386,962      23,016,564      35,155,974     36,265,757

  refined               173,067         311,970         430,748        708,015

  other/1            19,183,214      21,560,040      21,242,973     20,914,429

  hydrogenated          442,245         309,247         424,910        403,351

cottonseed oil        7,207,234       9,648,365       8,982,796      9,828,145

  crude                       0         660,421         822,446        832,485

  refined             5,774,607       7,264,156       6,542,821      6,916,229

  other/1               623,322       1,378,163       1,343,971      1,292,579

  hydrogenated          809,306         345,625         273,558        786,852

sunseeds              3,048,661       3,292,904       3,688,910      1,194,295

sunseed oil           7,328,469      14,442,869      17,865,967      8,679,521

rapeseed             60,797,830      35,286,345      14,790,287     26,530,629

rapeseed oil         24,137,926      15,547,140       6,454,204     38,636,377

   crude             13,537,285       4,157,652       1,425,703     12,699,292

   refined           10,600,641      11,389,488       5,028,500     25,937,085

linseed meal                 57              89             177            244

cottonseed meal           2,437           3,995           3,148          7,635

soymeal                 733,943         666,443         794,491        884,046

soymeal flour/me        207,739         224,627         110,861        191,785

soymeal hulls            18,165          10,100           7,608         14,791

lard                  3,858,234       3,985,632      10,419,423     21,515,815

edible tallow         4,952,357       6,548,451      10,190,757     14,109,611

inedible tallow      60,318,562      53,663,868      44,573,950     34,079,254

ch white grease               0         172,948          54,851         73,163

Write to Rodney Christian at
csstat@dowjones.com

 

 

U.S. October Grain Exports-Dec 6

    In kilograms (top) and in bushels (bottom), except flour in cwt and malt

in pounds.  /1 denotes includes commercial and donated. Source: U.S. Department

of Commerce.

(*)NOTE: Year ago figures reflect data reported at that time.

Data includes Exports and Re-Exports.

 

                               ——- In Kilograms ——-

                         Oct 22         Sep 22         Aug 22         Oct 21

Barley                2,127,000      1,805,948        538,948      2,856,116

Corn /1           2,077,065,000  2,630,393,000  3,298,309,000  3,815,907,000

Sorghum             147,838,000    116,058,000    284,915,000    291,108,000

Oats                  2,044,203      3,283,580      4,402,935      2,978,614

Rye                     109,000         21,902        224,205        215,917

Wheat /1          1,383,910,244  3,048,958,205  2,513,813,264  1,237,977,451

  wheat flour /1     16,998,303     17,840,873     20,680,717     18,178,830

Malt                 26,287,945     27,045,172     23,853,667     36,259,579

 

                            ——- In Bushels, CWT or Pounds ——-

                         Oct 22         Sep 22         Aug 22         Oct 21

Barley                   97,691         82,946         24,753        131,179

Corn /1              81,769,598    103,552,935    129,847,357    150,224,081

Sorghum               5,820,065      4,568,955     11,216,493     11,460,298

Oats                    140,833        226,218        303,335        205,208

Rye                       4,291            862          8,826          8,500

Wheat /1             50,849,475    112,028,887     92,365,878     45,487,418

  wheat flour /1        374,748        393,324        455,932        400,775

Malt                 57,955,008     59,624,408     52,588,343     79,938,702

1/Includes commercial and donated.

Write to Rodney Christian at
csstat@dowjones.com