Export sales this morning were awful. Part of this could be the strength in the US dollar making them more expensive to the rest of the world.
Also, wheat and corn prices have been getting pretty lofty:
Wheat: Net sales of 35,200 metric tons for delivery in marketing year 2017/2018 were down 85 percent from the previous week and 76 percent from the prior 4-week average.Increases were primarily for Malaysia (31,000 MT, switched from unknown destinations), Italy (19,500 MT, including 9,500 MT late reporting), Indonesia (11,000 MT, switched from unknown destinations), the Philippines (9,600 MT, including decreases of 800 MT), and Colombia (8,800 MT).Reductions were reported for unknown destinations (56,700 MT), Nigeria (600 MT), and Jamaica (600 MT).For 2018/2019, net sales of 48,200 MT for the Philippines (25,000 MT), unknown destinations (22,000 MT), Trinidad (21,000 MT), and Nigeria (20,000 MT), were partially offset by reductions for Mexico (34,900 MT), Peru (5,000 MT), and Canada (1,400 MT).Exports of 321,900 MT were up 14 percent from the previous week, but down 27 percent from the prior 4-week average.The primary destinations were to Japan (89,500 MT), the Philippines (61,900 MT), Taiwan (40,300 MT), Mexico (38,400 MT), and Honduras (21,300 MT).
Corn: Net sales of 695,600 MT for 2017/2018 were down 32 percent from the previous week and 22 percent from the prior 4-week average.Increases were reported for Vietnam (266,500 MT, including 195,000 MT switched from unknown destinations and decreases of 1,200 MT), Japan (186,200 MT, including 77,700 MT switched from unknown destinations and decreases of 700 MT), Colombia (124,400 MT, including 42,000 MT switched from unknown destinations), Israel (114,600 MT, including 64,600 MT switched from unknown destinations), and the Netherlands (89,600 MT, including 85,300 MT switched from unknown destinations).Reductions were primarily for unknown destinations (489,700 MT).For 2018/2019, net sales of 90,000 MT were reported for Mexico.Exports of 1,784,700 MT were up 21 percent from the previous week and 8 percent from the prior 4-week average.The destinations were primarily to Mexico (337,800 MT), Vietnam (266,500 MT), Japan (187,300 MT), South Korea (137,300 MT), and Taiwan (109,200 MT).
Soybeans: Net sales of 354,300 MT for 2017/2018 were down 15 percent from the previous week and 57 percent from the prior 4-week average.Increases were reported for Egypt (90,000 MT), the Netherlands (85,100 MT, including 80,000 MT switched from unknown destinations), Taiwan (69,900 MT, including decreases of 1,400 MT), Pakistan (65,900 MT, including 60,000 MT switched from unknown destinations), and Japan (41,300 MT, including 27,000 MT switched from unknown destinations and decreases of 1,000 MT).Reductions were primarily for unknown destinations (90,000 MT) and Tunisia (9,300 MT).For 2018/2019, net sales of 278,300 MT reported for unknown destinations (183,000 MT), Argentina (83,000 MT), and Malaysia (20,000 MT), were partially offset by reductions for Thailand (4,500 MT), Indonesia (2,500 MT), and Canada (700 MT).Exports of 471,900 MT were down 32 percent from the previous week and 1 percent from the prior 4-week average.The destinations were primarily to the Netherlands (85,100 MT), China (75,400 MT), Tunisia (66,700 MT), Pakistan (65,900 MT), and Mexico (50,700 MT).
... thank you for the Dave Brewski export report...
YW!
Thank YOU for the small letters silverspiker!
Am hoping very much that we can figure out a way for these huge weather maps to be shrunk down or at least not mess up the text after its posted.
May have to get picky about what maps to copy and which ones to provide a link to.
I see that beans have come back down close to the pre report price, corn just above it and wheat below it.
Grains not holding well an hour after the report.
Weather is not threatening enough for me to want to be long here.
... agreed... same thing with charts ate up my text as well.