Grain Exports Higher Improved China, Mexico, Japan Interest

Grain Exports Higher Improved China, Mexico, Japan Interest

 

Weekly Export Sales 

Soybean export sales for the 2019/20 marketing year of 365.2 thousand metric tons (TMT), were 52.2 TMT over last week’s total but 31 percent below the four-week average of 527.2 TMT. New crop sales totaled 2,300.5 TMT, lifting total sales to 2,665.7 TMT.  Combined crop year sales were 147 percent over last week’s but within analyst estimates that ranged from 1,300 to 2,700 TMT. 2019/20 export commitments are 104 percent of the USDA revised forecast. Export sales are four percent below the 2018/19 crop year pace. Major purchases were reported for China, the Netherlands, and Egypt.

Soybean meal sales for the 2019/20 marketing year of 45.3 TMT were 131.9 TMT below last week’s total and 65 percent below the prior four-week average of 129 TMT. New crop sales totaled 54.2 TMT, lifting total sales to 99.5 TMT. Combined crop year sales were 51 percent below last week’s report and below analyst…

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