No PDF. Newswire feeds are not updating second consecutive week.
Calls post USDA export sales report:
Soybeans 2-5 cents higher
Meal $1.50-$3.00 higher
Oil Steady to 30 points higher
Corn 1-3 cents higher
Wheat 4-7 cents higher
USDA export sales were very good for soybean meal and improved for all-wheat. Soybeans were near the low end of a trade range and soybean oil was poor.
Soybean net sales saw a large reduction for unknown destinations. Several countries switched from unknown to their respected sales. Soybean net sales of 690,100 tons for 2022-23 included China (715,200 MT, including 330,000 MT switched from unknown destinations and decreases of20,300 MT), the Netherlands (177,500 MT, including 176,000 MT switched from unknown destinations and decreases of 5,000 MT), Mexico (119,400 MT, including 47,500 MT switched from unknown destinations and decreases of 12,800 MT), Vietnam (73,700 MT, including 66,000 MT switched from unknown destinations), and Germany (69,700 MT), were offset by reductions primarily for unknown destinations (563,300 MT).
Soybean meal net sales of 516,400 MT for 2022/2023primarily for the Philippines (99,200 MT, including decreases of 100 MT),Ecuador (90,800 MT), Mexico (61,800 MT), Colombia (52,500 MT), and Chile(45,000 MT), were offset by reductions for Belgium (500 MT). Soybean oil net sales were a reduction of 100 tons. Exports for meal were ok at 227,100 tons and SBO only 1,000 tons.
Corn sales were 1,850,300 tons with Mexico booking 1.705 million tons (already known). Sorghum sales were net reductions of 2,400 tons. All wheat sales were good at 511,800 tons, up sharply from the previous week and included 200,000 tons for Iraq.
Senior Commodity Analyst – Grain and Oilseeds
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
ICE IM: treilly1
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