Weekly Export Sales Fundamentally Strong

Weekly Export Sales Fundamentally Strong

 

Weekly Export Sales 

Soybean export sales for the 2019/20 marketing year were 50.4 thousand metric tons (TMT), which were 63.1 above last week’s total but 82 percent below the four-week average of 275.9 TMT. New crop sales totaled 4,308.3 TMT, lifting total sales to 4,358.8 TMT.  Combined crop year sales were 70 percent over last week’s total and exceeded analyst estimates that ranged from 700 to 1,300 TMT. 2019/20 export commitments are 106 percent of the USDA revised forecast. Export sales are two percent below the 2018/19 crop year pace. Major purchases were reported for the Netherlands, China, and Spain.

Soybean meal sales for the 2019/20 marketing year of 53.2 TMT were 19 TMT over last week’s total but 63 percent below the prior four-week average of 145 TMT. New crop sales totaled 97.6 TMT, lifting total sales to 150.8 TMT. Combined crop year sales were 21 percent below last week’s report but within…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.13.2024

Neste, Air Canada sign SAF agreement for Vancouver

Neste, Air Canada sign SAF agreement for Vancouver

Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...

11.13.2024

CWG prices up slightly; DCO movements mixed

CWG prices up slightly; DCO movements mixed

The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...

11.13.2024

2024/25 grain consuming animal unit headcounts increase by 0.39%

2024/25 grain consuming animal unit headcounts increase by 0.39%

Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...

Latest Tweets