USDA confirms the following U.S. export sales for delivery in 2020/21: 135,000 tonnes of soybean meal to the Philippines120,700 tonnes of #soybeans to unknown destinations
Reuters also reported that South Korea bought 134,000 tonnes of U.S. #corn on Thursday:
U.S. #corn export sales as of Oct. 22 totaled 30.6 million tonnes (1.2 billion bushels). In recent years, that mark has been reached as soon as late November in 2016 (for 16/17), and as late as mid/late March in 2016 (15/16) and 2020 (19/20).
Top U.S. #corn buyers for 20/21 through Oct. 22: #China 34%#Mexico 19%#Japan 14% Unknown 14%#Colombia 5% Those figures do not include the nearly 900kt sold to Mexico for 20/21 announced Thursday.
USA has sold 47 million tonnes of #soybeans for export in 2020/21. That's 1.726 billion bushels. USA's full-year soy exports have exceeded that mark only five times before (2014/15 through 2018/19). The quickest sales had ever reached current levels was mid-December in 2016.
Top 20/21 buyers: #China 55% Unknown 22%#Mexico 6% EU countries 3%#Egypt 2% Aside from Dec 2016 (for 2016/17, USA's record soy export year), sales of #soybeans never reached 47 mmt before March.
Today's CT export report was bullish and likely helped at least for today to stop the steep fall that had started the prior trading day.