https://www.ams.usda.gov/mnreports/wa_gr101.txt
That was last weeks number. USDA was closed for Columbus Day.
Huge bean shipments......again!
Export inspections for U.S. #soybeans last week topped 2 mmt for the second consecutive week - some 75% of those were to #China.
#Wheat inspections were somewhat strong for the week (relative to same week in prior years), but #corn was so-so. 20/21 crushing 19/20 so far.
The strong U.S. #corn sales have not yet turned out robust shipments because a) corn harvest concludes later than soybeans and b) Oct-Dec is not usually corn's strongest export period.
By the way, USDA revises the past week number every week (1.7 mmt for w/e Oct. 1 became 2 mmt this week). This chart represents the originally published number. Exact amounts on this chart are less important than the general trend versus prior years. Very strong start.
Export sales: Beans in the stratosphere again!
Last week, #Brazil's ag minister mentioned the need to diversify its exports of #soybeans away from #China & that talks with other countries had started. Over the last 3 years, ~80% of Brazil's soy exports were to China. Same stat for USA (pre-trade war) = ~60%.
USA's exports of #soybeans suffered terribly under the trade war (even with massive exports to non-#China), and that was due to the huge reliance on that trade relationship. #Brazil has even more eggs in the basket, so to speak. Wouldn't be good if things went bad w/ China.