PDF attached

 

Good
morning
.

 

Private
exporters reported sales of 1,088,000 metric tons of corn for delivery to China.  Of the total, 476,000 metric tons is for delivery during the 2021/2022 marketing year and 612,000 metric tons is for delivery during the 2022/2023 marketing year.

 

The
soybean complex is mixed with risk off in soybean oil after Malaysian palm futures ended lower on technical selling after surging to new highs yesterday. Soybean oil hit an all-time high yesterday. Indonesia’s ban on most palm oil exports started today after
Reuters noted the Indonesia Navy already seized two tankers for “paperwork discrepancies” and blocked at least 290,000 tons of palm oil destined for India. Lowest offer for soybean oil was $1,955 per ton for Egypt’s GASC seeking vegetable oils for June and/or
July arrival. Turkey bought 18,000 tons of sunflower oil for shipment between May 16 and June 16. Grains are higher with corn hitting a fresh decade high on Black Sea concerns despite another rally in the USD. This is the sixth consecutive session the USD
has been higher. US wheat futures are higher on US weather and Black Sea concerns. The southwestern Plains winter wheat areas will continue to see drought conditions. Flooding across the far northern Great Plains remains an issue this spring as heavy rains
are forecast for North Dakota this weekend. On a positive note, beneficial rains will fall across Nebraska and South Dakota.

 

 

Weather

Map

Description automatically generated

 

World
Weather Inc.

WORLD
WEATHER HIGHLIGHTS FOR APRIL 28, 2022

  • Excessive
    heat continued in India Wednesday with extreme temperatures reaching the range of 100 to 115 degrees Celsius 
    • The
      heat is stressing livestock and slowing human activity; including the harvest of winter crops
    • The
      heat is not hurting winter crops since most are mature, but there was some negative impact on winter crop production in late February and March when crops were finishing reproduction and filling
    • The
      heat will continue for a while
  • West
    Texas cotton areas are poised for scattered showers and thunderstorms this weekend, especially Sunday
    • Rain
      totals of 0.05 to 0.35 inch will occur most often, but local totals over 1.00 inch cannot be ruled out, although somewhat rare
    • The
      moisture will help to “prime” the atmosphere with moisture for some other showers and thunderstorms during May, although rainfall is expected to be below normal for the month
  • Canada
    and a part of the northern U.S. Plains have turned dry and warmer in the early May outlook
    • the
      change will help melt snow in the east and north while limiting new precipitation reducing some of flood threat and flood intensity expected
      • Flooding
        is a big concern in southern Manitoba
    • For
      the dry areas of Canada the situation will become more threatening for a while, but relief is expected in late spring and especially summer
  • U.S.
    Midwest is still advertised to be wet over the next week to ten days delaying fieldwork in many areas
  • Mato
    Grosso will continue to dry down for another ten days and then it may get some partial relief, but any precipitation that falls may not have a significant influence on the bottom line for Safrinha corn since it is already well into reproduction
  • Argentina
    drying in the west and south should not be a negative feature for crops over the next few weeks because of summer crop maturation and harvesting
    • Winter
      wheat planting is expected in mid- to late-May and especially June at which time dryness – if there is any – would be a greater feature and concern 
  • wet
    biased weather will continue in Europe from southwest to east-central areas for the next ten days and some of that moisture will feed into western Russia, but net drying could evolve later this spring in the eastern Russia New Lands and northern Kazakhstan
  • Western
    parts of China’s Yellow River Basin area received some needed moisture Wednesday and early today easing dryness, but dryness remains in the North China Plain 

Source:
World Weather Inc.

 

Bloomberg
Ag Calendar

Thursday,
April 28:

  • USDA
    weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
  • Brazil’s
    Conab releases production numbers for sugar, cane and ethanol (tentative)

Friday,
April 29:

  • ICE
    Futures Europe weekly commitments of traders report
  • CFTC
    commitments of traders weekly report on positions for various U.S. futures and options, 3:30pm
  • Vietnam’s
    General Statistics Office releases coffee, rice and rubber export data
  • FranceAgriMer
    weekly update on crop conditions
  • U.S.
    agricultural prices paid, received, 3pm
  • HOLIDAY:
    Japan, Indonesia

Source:
Bloomberg and FI

 

 

 

 

 

USDA
Export Sales

USDA
export sales were within expectations for the soybean complex, corn and wheat. Grains and soybean oil did come in near the lower end of a range of estimates. 2021-22 corn sales included 729,200 tons for China and 2022-23 sales included 612,000 tons for China.
For soybeans, 2021-22 China sales were 164,100 tons (including 121,000 MT switched from unknown destinations and decreases of 33,300 MT), and 2022-23 China sales were 580,000 tons. Sorghum sales were only 12,500 tons and pork sales were good at 31,500 tons.

 

 

 

Macros

US
Initial Jobless Claims Apr 23: 180K (est 180K; prev 184K)

US
Continuing Claims Apr 16: 1408K (est 1399K; prev 1417K)

US
GDP Annualized (Q/Q) Q1 A: -1.4% (est 1.0%; prev 6.9%)

US
Personal Consumption Q1 A: 2.7% (est 3.5%; prev 2.5%)

US
GDP Price Index Q1 A: 8.0% (est 7.2%; prev 7.1%)

US
Core PCE (Q/Q) Q1 A: 5.2% (est 5.5%; prev 5.0%)

Canadian
SEPH Payroll Employment Change Feb: 142.9K (prev 5.5K)

 

 

Corn

·        
Grains are higher with corn hitting a fresh decade high on Black Sea concerns despite another rally in the USD. This is the sixth consecutive session the USD has been higher.

·        
Parts of Brazil are dry and that is raising concern of yield declines, especially for Mato Grosso. April rainfall for that state for the month of April is on track to end up 70 percent below a 10 year average.

·        
China plans to buy another 40,000 tons of pork for state reserves on April 29, sixth such purchase this year.

·        
The USDA Broiler Report showed eggs set in the US up slightly and chicks placed up slightly from a year ago. Cumulative placements from the week ending January 8, 2022, through April 23, 2022 for the United States were 2.98 billion.
Cumulative placements were down slightly from the same period a year earlier.

·        
We lowered our 2021-22 US corn for ethanol use from 5.400 billion bushels to 5.380 billion, 5 million above USDA.

·        
Weekly EIA ethanol production increased a more than 16,000 barrels per day to 963,000 and stocks decreased 377,000 barrels to 23.965 million. This is the first weekly production increase and first decrease in stocks since the
May 25.

 

 

 

Export
developments.

·        
USDA: Private exporters reported sales of 1,088,000 metric tons of corn for delivery to China.  Of the total, 476,000 metric tons is for delivery during the 2021/2022 marketing year and 612,000 metric tons is for delivery during
the 2022/2023 marketing year.

 

 

Soybeans

·        
The soybean complex is mixed with risk off in soybean oil after Malaysian palm futures ended lower on technical selling after surging to new highs yesterday. Soybean oil hit an all-time high yesterday.

·        
Indonesia’s ban on most palm oil exports started today after Reuters noted the Indonesia Navy already seized two tankers for “paperwork discrepancies” and blocked at least 290,000 tons of palm oil destined for India. India buys
on average about 350,000 tons of vegetable oil from India every month, and now faces a short-term shortage as most of the Malaysian palm oil available for prompt shipment are spoken for. Meanwhile Indonesia’s Palm Oil Board predicts the ban could be lifted
sometime in May.

·        
Malaysian palm oil ended 99 ringgit per ton lower to 7,367 and cash was down $20/ton at $1,740/ton.

·        
Offshore values are leading SBO 283 points lower and meal $3.80 short ton lower.

·        
China September soybean futures up 0.5%, meal up 0.6%, SBO 1.5% higher and China palm oil up 3.2%.

·        
Rotterdam meal was mixed and vegetable oils mixed.

 

Chart

Description automatically generated

 

Export
Developments

·        
Egypt’s GASC seeks vegetable oils for June and/or July arrival. A minimum of 30,000 tons of soybean oil and 10,000 tons of sunflower oil was sought in the international market and is for arrival between June 10 and 30. Locally
they seek 3,000 tons of soybean oil and 2,000 tons of sunflower oil with delivery from June 10 to 30.

-The
lowest offer was $1,955 a ton c&f for 29,000 tons of soyoil. Payment is at sight for arrival July 1-20. Sunflower oil was not offered in Thursday’s tender.  The lowest offer presented in the local tender for 8,000 tons of soyoil was at 35,640 Egyptian pounds
($1,925.45).

·        
Turkey bought 18,000 tons of sunflower oil for shipment between May 16 and June 16. It included 12,000 tons for shipment to the port of Mersin at an estimated $1,997 a ton c&f, and 6,000 tons for shipment to the port of Tekirdag
at an estimated $2,007 a ton c&f.

·        
China looks to auction off another 500,000 tons of soybeans April 29.

 

 

 

 

Wheat

·        
US wheat futures are higher on US weather and Black Sea concerns. The southwestern Plains winter wheat areas will continue to see drought conditions. Flooding across the far northern Great Plains remains an issue this spring as
heavy rains are forecast for north Dakota this weekend. On a positive note, beneficial rains will fall across Nebraska and South Dakota.

·        
There are no major developments with the Ukraine/Russia situation.

·        
The pressure in the euro is supporting Paris wheat futures, up 8.75 euros to a new record high of 387 at the time this was written.

 

Export
Developments.

·        
4/28. Jordan seeks 120,000 tons of wheat on May 11 for Jun/Aug shipment.

·        
Jordan seeks 120,000 tons of feed barley on May 10 for Aug/Sep shipment.

·        
Turkey seeks 210,000 tons of international red milling wheat on Friday and another 210,000 tons of wheat already in warehouses for delivery between May 17 and August 10.

 

Rice/Other

·        
None reported

 

 

USDA
Export Sales

U.S.
EXPORT SALES FOR WEEK ENDING  4/21/2022





























 

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

 

THOUSAND
METRIC TONS

WHEAT

 

 

 

 

 

 

 

 

  
HRW    

-2.8

1,017.8

1,097.9

56.7

6,472.2

7,626.7

-10.8

573.9

  
SRW    

1.8

369.9

254.6

46.5

2,484.2

1,555.2

4.5

591.5

  
HRS     

22.2

700.1

1,187.7

75.9

4,721.2

6,553.1

67.5

635.4

  
WHITE   

5.4

312.5

1,083.5

46.2

3,023.4

5,567.5

63.2

400.3

  
DURUM  

5.7

0.5

72.1

20.7

195.2

594.9

0.0

64.4

    
TOTAL

32.3

2,400.8

3,695.8

246.0

16,896.1

21,897.4

124.3

2,265.5

BARLEY

-0.1

5.7

4.4

0.0

14.7

25.1

0.0

8.6

CORN

866.8

19,383.4

26,411.4

1,562.1

38,132.0

41,308.2

843.4

4,206.8

SORGHUM

12.5

2,048.4

1,809.7

168.0

4,668.5

5,348.2

0.0

0.0

SOYBEANS

481.3

10,849.1

5,054.6

710.9

46,728.1

56,064.8

580.0

10,741.3

SOY
MEAL

203.0

2,666.2

2,118.6

251.8

6,987.9

7,304.9

0.0

370.4

SOY
OIL

3.5

134.5

93.2

10.0

515.9

569.6

0.0

0.0

RICE

 

 

 

 

 

 

 

 

  
L G RGH

1.0

137.8

311.3

65.2

1,077.9

1,215.9

0.0

0.0

  
M S RGH

0.0

9.2

5.3

0.0

11.8

23.5

0.0

0.0

  
L G BRN

0.3

6.0

2.9

0.4

44.9

35.4

0.0

0.0

  
M&S BR

0.5

24.1

45.6

0.4

63.1

109.2

0.0

0.0

  
L G MLD

1.6

86.3

37.4

9.1

623.6

502.2

0.0

0.0

  
M S MLD

13.1

223.7

244.3

13.8

296.6

409.8

0.0

0.0

    
TOTAL

16.4

487.0

646.7

88.8

2,117.9

2,296.0

0.0

0.0

COTTON

 

THOUSAND
RUNNING BALES      

   UPLAND

121.1

6,325.1

4,322.0

386.0

8,165.9

10,827.4

49.5

2,846.1

  
PIMA

13.0

132.3

197.6

4.4

331.9

563.9

0.5

40.6

 

 

 

This
summary is based on reports from exporters for the period April 15-21, 2022.

Wheat:  Net
sales of 32,300 metric tons (MT) for 2021/2022 were up 23 percent from the previous week, but down 65 percent from the prior 4-week average.  Increases primarily for Mexico (42,400 MT, including decreases of 2,200 MT), Taiwan (33,000 MT), the Dominican Republic
(23,400 MT, including 22,200 MT switched from Guatemala and decreases of 200 MT), Costa Rica (14,700 MT, including 15,000 MT switched from Colombia and decreases of 400 MT), and Chile (7,000 MT), were offset by reductions for Nigeria (37,500 MT), unknown destinations
(31,900 MT), Guatemala (22,200 MT), Colombia (12,900 MT), and Italy (400 MT).  Net sales of 124,300 MT for 2022/2023 primarily for the Philippines (60,000 MT), Japan (33,700 MT), Chile (23,000 MT), Italy (20,000 MT), and unknown destinations (14,500 MT), were
offset by reductions for Nigeria (41,000 MT).  Exports of 246,000 MT were down 51 percent from the previous week and 35 percent from the prior 4-week average.  The destinations were primarily to Italy (54,600 MT), the Philippines (44,600 MT), Mexico (38,600
MT), Japan (30,900 MT), and Colombia (27,300 MT).

Corn: 
Net sales of 866,800 MT for 2021/2022 were down 1 percent from the previous week and 5 percent from the prior 4-week average.  Increases primarily for China (729,200 MT, including decreases of 5,800 MT), Mexico (144,900 MT, including 52,000 MT switched from
unknown destinations and decreases of 59,300 MT), South Korea (125,100 MT, including 66,000 MT switched from unknown destinations and decreases of 6,000 MT), Spain (55,000 MT, including 50,000 MT switched from unknown destinations), and Japan (53,100 MT, including
205,000 MT switched from unknown destinations and decreases of 92,200 MT), were offset by reductions primarily for unknown destinations (376,700 MT).  Net sales of 843,400 MT for 2022/2023 were reported for China (612,000 MT), Mexico (190,800 MT), and Japan
(40,600 MT).  Exports of 1,562,100 MT were up 31 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to Japan (385,600 MT), Mexico (337,800 MT), China (266,200 MT), Colombia (73,900 MT), and South Korea
(60,100 MT). 

Optional
Origin Sales:
 
For 2021/2022, new optional origin sales of 200 MT were reported for Morocco.  Options were exercised to export 90,200 MT to unknown destinations (60,000 MT) and Morocco (30,200 MT) from the United States.  Decreases totaling 65,000
MT were reported for unknown destinations.  The current outstanding balance of 378,300 MT is for unknown destinations (240,000 MT), South Korea (65,000 MT), Italy (34,300 MT), Morocco (30,000 MT), and Saudi Arabia (9,000 MT).  For 2022/2023, decreases totaling
23,000 MT were reported for Italy.  The current outstanding balance of 35,400 MT is for Italy.

Barley:
Total net sales reductions of 100 MT for 2021/2022 were unchanged from the previous week, but down 95 percent from the prior 4-week average.  The destination was South Korea.  No exports were reported for the week.

Sorghum: 
Net sales of 12,500 MT for 2021/2022 were down noticeably from the previous week and from the prior 4-week average.  Increases reported for China (41,600 MT, including 30,000 MT switched from unknown destinations), Mexico (800 MT), and South Korea (200 MT),
were offset by reductions for unknown destinations (30,000 MT) and Haiti (100 MT).  Exports of 168,000 MT were down 40 percent from the previous week and 33 percent from the prior 4-week average.  The destinations were to China (167,800 MT) and Haiti (200
MT).

Rice: 
Net sales of 16,400 MT for 2021/2022 were down 75 percent from the previous week and 53 percent from the prior 4-week average.  Increases were primarily for Japan (12,000 MT), Canada (1,400 MT), Costa Rica (1,000 MT), Mexico (900 MT), and Argentina (300 MT). 
Exports of 88,800 MT were up noticeably from the previous week and up 84 percent from the prior 4-week average.  The destinations were primarily to Mexico (31,400 MT), Colombia (30,800 MT), Japan (12,000 MT), Costa Rica (11,000 MT), and Canada (2,300 MT).

Exports
for Own Account

For 2021/2022, new exports for own account totaling 100 MT were to Canada.  Exports of 100 MT to Canada were applied to new or outstanding sales.

Soybeans: 
Net sales of 481,300 MT for 2021/2022 were up 5 percent from the previous week, but down 37 percent from the prior 4-week average.  Increases were primarily for China (165,100 MT, including 121,000 MT switched from unknown destinations and decreases of 33,300
MT), Mexico (88,100 MT, including decreases of 3,000 MT), Bangladesh (56,100 MT, including 55,000 MT switched from unknown destinations), Japan (48,100 MT, including 3,600 MT switched from unknown destinations and decreases of 500 MT), and Taiwan (33,900 MT,
including 20,000 MT switched from unknown destinations and decreases of 100 MT).  Net sales of 580,000 MT for 2022/2023 were reported for China (468,000 MT) and Mexico (112,000 MT).  Exports of 710,900 MT were down 20 percent from the previous week and 10
percent from the prior 4-week average.  The destinations were primarily to China (279,900 MT), Egypt (158,800 MT), Mexico (81,400 MT), Bangladesh (56,100 MT), and Taiwan (40,300 MT).  

Export
for Own Account:

For 2021/2022, new exports for own account totaling 29,700 MT were to Canada.  The current exports for own account outstanding balance is 32,800 MT, all Canada.

Late
Reporting:

For 2021/2022, net sales and exports totaling 18,000 MT of soybeans were reported late for Belgium (9,900 MT) and Ireland (8,100 MT). 

Soybean
Cake and Meal:
 
Net sales of 203,000 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for Colombia (49,400 MT, including decreases of 3,100 MT), the Philippines (45,500 MT, including decreases of 2,300 MT),
Mexico (36,600 MT), Japan (26,400 MT), and unknown destinations (20,000 MT), were offset by reductions primarily for Costa Rica (7,300 MT), Guatemala (3,000 MT), Israel (3,000 MT), and Belgium (2,300 MT).  Exports of 251,800 MT were down 16 percent from the
previous week, but up 11 percent from the prior 4-week average.  The destinations were primarily to Colombia (65,600 MT), Mexico (46,700 MT), Israel (27,000 MT), Morocco (26,400 MT), and Canada (21,100 MT).

Soybean
Oil:
 
Net sales of 3,500 MT for 2021/2022 were up noticeably from the previous week, but down 69 percent from the prior 4-week average.  Increases were reported for Costa Rica (2,300 MT), Canada (1,100 MT), and Venezuela (100 MT).  Exports of 10,000 MT were up 82
percent from the previous week, but down 44 percent from the prior 4-week average.  The destinations were primarily to Venezuela (6,600 MT) and Mexico (2,800 MT).

Cotton: 
Net sales of 121,100 RB for 2021/2022 were up noticeably from the previous week and up 19 percent from the prior 4-week average.  Increases primarily for China (61,400 RB, including decreases of 7,600 RB), Vietnam (25,300 RB, including 1,700 RB switched from
China, 700 RB switched from South Korea, and 500 RB switched from Japan), India (12,700 RB, including decreases of 5,500 RB), Pakistan (11,600 RB), and Turkey (4,700 RB), were offset by reductions for Ecuador (600 RB), South Korea (400 RB), Japan (300 RB),
and Colombia (100 RB).  Net sales of 49,500 RB for 2022/2023 primarily for El Salvador (28,800 RB), Honduras (11,400 RB), Peru (5,100 RB), Guatemala (4,500 RB), and Vietnam (4,400 RB), were offset by reductions for China (11,200 RB).  Exports of 386,000 RB
were up 5 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to China (117,900 RB), Vietnam (67,400 RB), Pakistan (57,600 RB), Turkey (43,300 RB), and Mexico (17,500 RB).  Net sales of Pima totaling
13,000 RB were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for China (10,300 RB), Vietnam (1,700 RB), India (700 RB), Colombia (200 RB), and Malaysia (100 RB).  Net sales of 500 RB for 2022/2023 were reported
for Japan (300 RB) and Peru (200 RB).  Exports of 4,400 RB were down 70 percent from the previous week and 69 percent from the prior 4-week average.  The destinations were primarily to Peru (2,000 RB), China (1,600 RB), Vietnam (400 RB), Turkey (200 RB), and
Bangladesh (100 RB). 

Optional
Origin Sales:
 
For 2021/2022, the current outstanding balance of 57,200 RB is for Vietnam (52,800 RB) and Pakistan (4,400 RB). 

Exports
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 383,800 pieces for 2022 were down 19 percent from the previous week and 8 percent from the prior 4-week average.  Increases primarily for China (161,800 whole cattle hides, including decreases of 12,400 pieces), South Korea (66,200 whole cattle
hides, including decreases of 400 pieces), Mexico (54,600 whole cattle hides, including decreases of 700 pieces), Thailand (39,700 whole cattle hides, including decreases of 1,600 pieces), and Taiwan (20,400 whole cattle hides, including decreases of 4,500
pieces), were offset by reductions for Indonesia (300 pieces).  In addition, total net sales reductions of 300 kip skins were reported for Italy.  Exports of 417,000 pieces were up 10 percent from the previous week, but down 14 percent from the prior 4-week
average.  Whole cattle hides exports were primarily to China (251,200 pieces), Mexico (44,600 pieces), Thailand (35,200 pieces), South Korea (27,700 pieces), and Italy (15,800 pieces).  In addition, total exports of 3,500 kip skins were to Italy.

Net
sales of 61,400 wet blues for 2022 were down 77 percent from the previous week and 52 percent from the prior 4-week average.  Increases reported for Vietnam (31,000 unsplit, including decreases of 900 unsplit), China (21,700 unsplit), India (7,800 unsplit,
including decreases of 5,500 grain splits), and Italy (6,800 unsplit, including decreases of 200 unsplit and 100 grain splits), were offset by reductions for Brazil (100 unsplit), Thailand (100 unsplit), the Dominican Republic (100 unsplit), and Portugal (100
unsplit).  Exports of 128,100 wet blues were down 25 percent from the previous week and 29 percent from the prior 4-week average.  The destinations were primarily to Italy (33,100 unsplit and 8,100 grain splits), Vietnam (37,700 unsplit), Thailand (19,300
unsplit), China (14,000 unsplit), and Brazil (6,800 unsplit).  Net sales of 123,200 splits were down 88 percent from the previous week and 84 percent from the prior 4-week average.  Increases were reported for China (43,000 pounds), Taiwan (41,000 pounds),
Vietnam (36,200 pounds, including decreases of 12,300 pounds), and South Korea (3,000 pounds, including decreases of 600 pounds).  Exports of 476,200 pounds were down 31 percent from the previous week and 30 percent from the prior 4-week average. The destination
was primarily to Vietnam (396,200 pounds).

Beef: 
Net sales of 11,400 MT for 2022 were down 24 percent from the previous week and 34 percent from the prior 4-week average.  Increases primarily for Japan (4,100 MT, including decreases of 500 MT), China (1,500 MT, including decreases of 100 MT), South Korea
(1,300 MT, including decreases of 600 MT), Mexico (1,000 MT), and Taiwan (1,000 MT, including decreases of 300 MT), were offset by reductions for the United Arab Emirates (100 MT).  Total net sales of 100 MT for 2023 were reported for Japan.  Exports of 17,600
MT were down 16 percent from the previous week and 11 percent from the prior 4-week average.  The destinations were primarily to South Korea (4,400 MT), Japan (4,300 MT), China (3,200 MT), Taiwan (1,300 MT), and Mexico (1,300 MT). 

Pork: 
Net sales of 31,500 MT for 2022 were up noticeably from the previous week and up 19 percent from the prior 4-week average.  Increases were primarily for Mexico (21,600 MT, including decreases of 300 MT), Japan (3,600 MT, including decreases of 100 MT), Canada
(2,100 MT, including decreases of 400 MT), South Korea (1,500 MT, including decreases of 200 MT), and Colombia (1,100 MT, including decreases of 200 MT).  Exports of 29,900 MT were up 6 percent from the previous week, but unchanged from the prior 4-week average. 
The destinations were primarily to Mexico (13,200 MT), China (3,800 MT), Japan (3,200 MT),  South Korea (2,900 MT), and Colombia (2,000 MT).

 

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM: 
treilly1

Skype: fi.treilly

 

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