Archive for December, 2009
Export Sales Highlights
Thursday, December 17th, 2009
This summary is based on reports from exporters for the period December 4-10, 2009.
Wheat:
Net sales of 345,000 metric tons were up 41 percent from the previous week and 2 percent from the prior 4-week average. Increases were reported for Japan (138,000 MT), Indonesia (68,000 MT, including 63,000 MT switched from unknown destinations), Nigeria (66,000 MT), Guatemala (28,200 MT, switched from unknown destinations), South Korea (23,400 MT), Mexico (21,400 MT), Haiti (20,900 MT, including 20,500 MT switched from unknown destinations), and the Dominican Republic (18,600 MT). Decreases were reported for unknown destinations (126,000 MT). Exports of 338,100 MT were up 10 percent from the previous week, but down 15 percent from the prior 4-week average. The primary destinations were Indonesia (68,000 MT), Israel (55,500 MT), Mexico (53,400 MT), Japan (28,500 MT), Guatemala (28,200 MT), and Haiti (20,900 MT)
Corn:
Net sales of 1,227,100 MT–a marketing-year high–were up 45 percent from the previous week and 59 percent from the prior 4-week average. Increases were reported for Mexico (291,800 MT), Japan (278,000 MT, including 30,200 MT switched from unknown destinations), Egypt (180,000 MT), South Korea (152,000 MT, including 54,000 MT switched from unknown destinations), Costa Rica (97,500 MT, including 23,200 MT switched from unknown destinations), unknown destinations (92,800 MT), and Taiwan (51,300 MT, including 12,000 MT switched from unknown destinations). Decreases were reported for Canada (17,100 MT) and Panama (10,200 MT). Exports of 776,500 MT were up 10 percent from the previous week and 7 percent from the prior 4-week average. The primary destinations were Japan (303,300 MT), Mexico (107,700 MT), Ecuador (63,400 MT), South Korea (54,300 MT), Guatemala (42,700 MT), Panama (31,200 MT), and Cuba (27,500 MT).
Barley:
There were no sales or exports reported during the week.
Sorghum:
Net sales of 109,700 MT were for Mexico (106,900 MT) and Japan (10,200 MT, including 7,500 MT switched from unknown destinations). Decreases were reported for unknown destinations (7,400 MT). Exports of 24,100 MT were mainly to Japan (19,700 MT) and Mexico (4,200 MT).
Rice:
Net sales of 100,200 MT were up 23 percent from the previous week and 16 percent from the prior 4-week average. Increases were reported for Nicaragua (28,100 MT), Haiti (19,000 MT), Japan (13,400 MT), Mexico (9,900 MT), and Saudi Arabia (7,200 MT). Decreases were reported for unknown destinations (3,200 MT) and Honduras (1,300 MT). Exports of 94,800 MT–a marketing-year high–were up 83 percent from the previous week and 79 percent from the prior 4-week average. The primary destinations were Nicaragua (16,100 MT), Honduras (13,600 MT), Japan (13,300 MT), Guatemala (12.500 MT), El Salvador (7,400 MT), and Mexico (5,800 MT).
Soybeans:
Net sales of 934,700 MT were up 1 percent from the previous week, but down 8 percent from the prior 4-week average. The primary destinations were China (668,500 MT, including 172,100 MT switched from unknown destinations and decreases of 31,000 MT), Mexico (91,700 MT), the Netherlands (77,400 MT, including 62,000 MT switched from unknown destinations), Costa Rica (42,000 MT, including 10,000 MT switched from Guatemala), Italy (34,100 MT), and Tunisia (27,000 MT). Decreases were reported for Japan (23,200 MT), unknown destinations (16,500 MT), Turkey (14,400 MT), and Guatemala (10,000 MT). Net sales of 10,000 MT for delivery in 2010/11 were for Japan. Optional origin sales were reported for China (60,000 MT). Exports of 1,663,100 MT were down 20 percent from the previous week and 12 percent from the prior 4-week average. The primary destinations were China (1,303,900 MT), Turkey (88,800 MT), the Netherlands (77,400 MT), Mexico (43,700 MT), and Italy (34,100 MT).
Soybean Cake and Meal:
Net sales of 191,400 MT were down 36 percent from the previous week and 23 percent from the prior 4-week average. Increases were reported for Indonesia (70,100 MT, including 55,000 MT switched from unknown destinations), Canada (34,000 MT), Ecuador (24,000 MT), the Dominican Republic (21,200 MT), Mexico (13,100 MT), and Spain (10,400 MT, switched from unknown destinations). Decreases were reported for unknown destinations (23,700 MT), Japan (3,000 MT), and Colombia (2,100 MT). Exports of 183,100 MT were down 14 percent from the previous week and 36 percent from the prior 4-week average. The primary destinations were Indonesia (69,600 MT), Canada (26,400 MT), Cuba (20,000 MT), Mexico (16,900 MT), and Spain (10,400 MT).
Soybean Oil:
Net sales of 20,700 MT were up 67 percent from the previous week and 31 percent from the prior 4-week average. Increases were reported for Malaysia (18,800 MT, switched from unknown destinations), Vietnam (18,000 MT, switched from unknown destinations), Algeria (13,000 MT), and South Korea (10,000 MT, switched from unknown destinations). Decreases were reported for unknown destinations (57,000 MT), Peru (15,000 MT), and Saudi Arabia (1,300 MT). Exports of 59,700 MT were up 47 percent from the previous week and up noticeably from the prior 4-week average. The primary destinations were to Malaysia (18,800 MT), Vietnam (18,000 MT), South Korea (10,000 MT), and Hong Kong (5,000 MT).
Cotton:
Net Upland sales of 219,200 running bales were down 18 percent from the previous week and 5 percent from the prior 4-week average. Increases were reported for China (84,000 RB), Turkey (59,800 RB, including 1,000 RB switched from China), Pakistan (13,400 RB), Taiwan (9,900 RB), and Thailand (7,300 RB, including 1,100 RB switched from Japan). Decreases were reported for the Philippines (300 RB) and unknown destinations (200 RB)). Net sales of 2,600 RB for delivery in 2010/11 were for Colombia (2,100 RB) and Turkey (400 RB). Exports of 126,700 RB were up 33 percent from the previous week and 32 percent from the prior 4-week average. The primary destinations were Mexico (33,100 RB), China (30,100 RB), Turkey (13,700 RB), Thailand (10,300 RB), South Korea (6,300 RB), and Vietnam (5,500 RB). Net American Pima sales of 20,500 RB were down 1 percent from the previous week and 9 percent from the 4-week average. Increases were primarily for China (12,300 RB), Pakistan (4,100 RB), India (1,400 RB), Japan (900 RB), and Thailand (900 RB, including 400 RB switched from Japan). Exports 37,200 RB–a marketing-year high–were up 36 percent from the previous week and 28 percent from the prior 4-week average. The primary destinations were China (21,800 RB), India (4,700 RB), Pakistan (4,000 RB), Indonesia (3,500 RB), and Peru (1,000 RB).
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USDA Report Reaction and Highlights
Thursday, December 10th, 2009
The USDA’s report this morning was broadly bearish for corn, wheat and soybeans. The main findings were a slightly higher-than-anticipated US soybean ending stocks total, a higher US corn ending stocks total, and a continuing build in US wheat stocks. At the World level, wheat stocks climbed also, but showed small decreases in corn and soybeans. Given that US and World production of soybeans is anticipated to rise in the months ahead (due to final production numbers for the US crop and conducive growing conditions so far in S. America), the overall soybean story appears set to continue to deteriorate which should pressure prices. Opening calls are are: Mar corn 1-3 lower, Jan beans flat to 2 cents up, Mar wheat seen 2-3 cents down. Please click here for the main tables from today’s report.
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Export Sales Highlights
Thursday, December 10th, 2009
This summary is based on reports from exporters for the period November 27-December 3, 2009.
Wheat:
Net sales of 245,200 metric tons were down 37 percent from the previous week and 35 percent from the prior 4-week average. Increases were reported for Nigeria (98,300 MT), Japan (57,900 MT), Peru (30,000 MT), Canada (25,800 MT, including 25,000 MT switched from unknown destinations), South Korea (24,500 MT), Venezuela (16,900 MT), Algeria (15,800 MT, switched from Italy), and Mexico (14,100 MT). Decreases were reported for unknown destinations (28,500 MT) and Italy (20,600 MT). Exports of 306,600 MT were down 20 percent from the previous week and 30 percent from the prior 4-week average. The primary destinations were Nigeria (54,000 MT), Taiwan (50,100 MT), Japan (44,000 MT), the Dominican Republic (32,700 MT), Canada (26,000 MT), and Mexico (24,900 MT).
Corn:
Net sales of 847,700 MT were up 29 percent from the previous week and 25 percent from the prior 4-week average. Increases were reported for Japan (271,000 MT, including 84,700 MT switched from unknown destinations and decreases of 22,700 MT), Cuba (122,800 MT), Mexico (103,600 MT), South Korea (91,700 MT, including 57,800 MT switched from unknown destinations), Colombia (72,000 MT), Syria (55,000 MT), and the Dominican Republic (39,800 MT). Decreases were reported for unknown destinations (98,900 MT) and Panama (5,300 MT). Exports of 706,500 MT were down 20 percent from the previous week and 4 percent from the prior 4-week average. The primary destinations were Japan (188,700 MT), Mexico (183,900 MT), South Korea (173,200 MT), Ecuador (27,700 MT), Morocco (26,700 MT), Cuba (22,800 MT), and Honduras (18,200 MT).
Barley:
Net sales of 800 MT were for Japan (700 MT) and Taiwan (100 MT). Exports of 22,700 MT–a marketing-year high–were mainly to Japan.
Sorghum:
Net sales of 10,300 MT–a marketing-year low–were down 84 percent from the previous week and 89 percent from the prior 4-week average. Increases were reported for Mexico (8,300 MT) and Japan (6,500 MT, including 4,500 MT switched from unknown destinations). Decreases were reported for unknown destinations (4,500 MT). Exports of 52,100 MT were to Mexico (47,600 MT) and Japan (4,500 MT).
Rice:
Net sales of 81,700 MT were down 40 percent from the previous week and 19 percent from the prior 4-week average. Increases were reported for Mexico (22,100 MT), South Korea (14,200 MT), Japan (13,400 MT), Haiti (7,500 MT), Canada (6,200 MT), and Saudi Arabia (6,000 MT). Exports of 51,800 MT were up 6 percent from the previous week, but down 9 percent from the prior 4-week average. The primary destinations were Mexico (19,900 MT), the United Kingdom (7,900 MT), Taiwan (7,500 MT), Ghana (4,200 MT), Honduras (2,700 MT), and Israel (1,600 MT).
Soybeans :
Net sales of 927,700 MT were up 41 percent from the previous week, but down 15 percent from the prior 4-week average. The primary destinations were China (613,700 MT, including 57,000 MT switched from unknown destinations and decreases of 33,100 MT), the Netherlands (130,400 MT, including 130,000 MT switched from unknown destinations), Japan (113,300 MT, including 54,000 MT switched from unknown destinations), Indonesia (72,400 MT, including 58,000 MT switched from unknown destinations), Germany (65,100 MT), and Egypt (47,500 MT). Decreases were reported for unknown destinations (353,500 MT). Exports of 2,067,300 MT were up 59 percent from the previous week and 18 percent from the prior 4-week average. The primary destinations were China (1,449,800 MT), the Netherlands (130,400 MT), Mexico (128,300 MT), Japan (74,200 MT), and Egypt (65,500 MT). Note: Accumulated exports were adjusted down for the Netherlands (65,100 MT) and China (57,700 MT).
Soybean Cake and Meal:
Net sales of 297,200 MT were up noticeably from the previous week and 30 percent from the prior 4-week average. Increases were reported for South Korea (64,900 MT, switched from unknown destinations), Mexico (62,200 MT), unknown destinations (51,600 MT), Venezuela (22,000 MT), Saudi Arabia (19,100 MT), and Canada (16,800 MT). Decreases were reported for Guatemala (8,400 MT) and China (3,000 MT). Net sales of 7,000 MT for delivery in 2010/11 were for Mexico (6,800 MT) and Canada (200 MT). Exports of 213,800 MT were down 40 percent from the previous week and 23 percent from the prior 4-week average. The primary destinations were South Korea (64,900 MT), Mexico (24,900 MT), Syria (22,700 MT), Canada (22,700 MT), and Morocco (15,000 MT).
Soybean Oil:
Net sales of 12,300 MT were down 35 percent from the previous week and 13 percent from the prior 4-week average. Increases were reported for Mexico (6,300 MT) and Venezuela (5,000 MT). Decreases were reported for unknown destinations (2,000 MT). Exports of 40,500 MT were up 63 percent from the previous week and 60 percent from the prior 4-week average. The primary destinations were to Morocco (15,000 MT), South Korea (10,100 MT), Hong Kong (9,000 MT), and Mexico (3,200 MT).
Cotton:
Net Upland sales of 268,300 running bales were up 7 percent from the previous week and 46 percent from the prior 4-week average. Increases were reported for China (161,600 RB), Turkey (35,700 RB), Mexico (18,700 RB), Pakistan (7,900 RB), and Japan (6,400 RB). Decreases were reported for El Salvador (4,600 RB). Exports of 95,100 RB were down 7 percent from the previous week and 12 percent from the prior 4-week average. The primary destinations were Mexico (28,000 RB), China (13,300 RB), Turkey (13,100 RB), Indonesia (6,900 RB), Bangladesh (5,900 RB), and Peru (5,400 RB). Net American Pima sales of 20,800 RB were up 33 percent from the previous week, but down 19 percent from the 4-week average. Increases were primarily for India (8,000 RB) China (7,700 RB), Pakistan (3,500 RB), Mexico (900 RB), and Germany (600 RB, including 500 RB switched from China). Exports 27,300 RB were up 12 percent from the previous week and 9 percent from the prior 4-week average. The primary destinations were China (20,300 RB), Pakistan (2,700 RB), and India (2,300 RB).
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Brazil 09/10 soy seen at record 64.56 mln T-gov’t
Tuesday, December 8th, 2009
SAO PAULO, Nov 8 (Reuters) - Brazil’s 2009/10 soy crop was projected at a record 64.56 million tonnes compared with a range between 62.50 million and 63.60 million tonnes seen in November, crop supply agency Conab said on Tuesday. Brazil harvested 57.09 million tonnes of soybeans in the previous season.
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Export Sales Highlights
Thursday, December 3rd, 2009
This summary is based on reports from exporters for the period November 20-26, 2009.
Wheat: Net sales of 390,700 metric tons were up 11 percent from the previous week and from the prior 4-week average. Increases were reported for Japan (113,700 MT), Iraq (100,000 MT), Nigeria (56,000 MT), Mexico (25,500 MT), South Korea (24,600 MT), Brazil (23,800 MT), Italy (21,000 MT), and the Dominican Republic (11,100 MT). Decreases were reported for Algeria (1,800 MT). Exports of 385,000 MT were down 8 percent from the previous week and 7 percent from the prior 4-week average. The primary destinations were Japan (60,800 MT), Yemen (42,100 MT), the Philippines (38,300 MT), Spain (36,800 MT), Nigeria (31,200 MT), and South Korea (26,900 MT).
Corn: Net sales of 659,000 MT were down 46 percent from the previous week and unchanged from the prior 4-week average. Increases were reported for Japan (295,200 MT, including 58,900 MT switched from unknown destinations and 54,400 MT late reporting), South Korea (262,800 MT, including 270,000 MT switched from unknown destinations and decreases of 11,800 MT), Taiwan (112,300 MT, including 58,000 MT switched from unknown destinations), Saudi Arabia (95,500 MT, including 88,000 MT switched from unknown destinations), Mexico (28,300 MT), Panama (28,300 MT), and Ecuador (15,000 MT). Decreases were reported for unknown destinations (231,000 MT). Exports of 879,500 MT were up 40 percent from the previous week and 27 percent from the prior 4-week average. The primary destinations were Mexico (177,600 MT), South Korea (172,100 MT), Japan (164,500 MT), Taiwan (155,500 MT), Saudi Arabia (95,500 MT), Colombia (26,900 MT), and Cuba (26,200 MT).
Barley: There were no sales reported during the week. Exports of 300 MT were to Mexico.
Sorghum: Net sales of 62,500 MT were for Mexico (56,900 MT) and Japan (8,700 MT). Decreases were reported for unknown destinations (3,000 MT). Exports of 53,200 MT were to Mexico (33,600 MT) and Japan (19,500 MT).
Rice: Net sales of 135,400 MT were up 33 percent from the previous week and 77 percent from the prior 4-week average. Increases were reported for Panama (54,400 MT), Turkey (25,000 MT), Japan (14,600 MT), Mexico (12,900 MT), Canada (8,700 MT), and Guatemala (8,000 MT). Decreases were reported for unknown destinations (1,700 MT) and New Guinea (500 MT). Exports of 48,900 MT were down 37 percent from the previous week and 15 percent from the prior 4-week average. The primary destinations were New Guinea (24,500 MT), Mexico (5,400 MT), Taiwan (3,900 MT), Jamaica (3,500 MT), Canada (2,800 MT), and South Korea (1,100 MT).
Soybeans: Net sales of 722,600 MT were down 36 percent from the previous week and 30 percent from the prior 4-week average. The primary destinations were China (312,300 MT, including 113,000 MT switched from unknown destinations and decreases of 43,100 MT), Cuba (115,000 MT), Taiwan (112,900 MT), Turkey (69,300 MT), Egypt (65,600 MT, including 60,000 MT switched from unknown destinations), and the Netherlands (65,100 MT, including 70,000 MT switched from unknown destinations and decreases of 4,900 MT). Decreases were reported for unknown destinations (233,000 MT) and Italy (36,000 MT). Net sales of 7,600 MT for delivery in 2010/11 were for Mexico. Exports of 1,363,700 MT were down 44 percent from the previous week and 26 percent from the prior 4-week average. The primary destinations were China (723,600 MT), Taiwan (145,300 MT), South Korea (113,100 MT), Egypt (65,600 MT), the Netherlands (65,100 MT), and France (63,400 MT). Exports for own accounts were reported for Canada (53,700 MT).
Soybean Cake and Meal: Net sales of 107,400 MT were down 52 percent from the previous week and 54 percent from the prior 4-week average. Increases were reported for Saudi Arabia (35,200 MT, including 32,000 MT switched from unknown destinations), Syria (25,400 MT, including 20,100 MT switched from Egypt), Canada (24,300 MT), Mexico (22,200 MT), and Tunisia (19,800 MT, switched from unknown destinations). Decreases were reported for unknown destinations (66,800 MT) and Egypt (30,000 MT). Net sales of 6,500 MT for delivery in 2010/11 were for Canada. Exports of 358,900 MT were up 39 percent from the previous week and 56 percent from the prior 4-week average. The primary destinations were Australia (69,600 MT), the Philippines (53,100 MT), Venezuela (36,000 MT), Saudi Arabia (35,200 MT), and Syria (29,300 MT).
Soybean Oil: Net sales of 19,000 MT were down 1 percent from the previous week, but up 71 percent from the prior 4-week average. Increases were reported for Cuba (15,200 MT), Morocco (12,000 MT, switched from unknown destinations), South Korea (10,000 MT), and Algeria (4,000 MT, switched from unknown destinations). Decreases were reported for unknown destinations (25,500 MT) and Peru (800 MT). Exports of 24,800 MT were down 24 percent from the previous week and 44 percent from the prior 4-week average. The primary destinations were the Morocco (12,000 MT), Algeria (4,000 MT), Mexico (2,900 MT), and Guatemala (2,200 MT)
Cotton: Net Upland sales of 250,700 running bales were up 54 percent from the previous week and 51 percent from the prior 4-week average. Increases were reported for China (68,300 RB), Turkey (49,400 RB, including 1,000 RB switched from China), Brazil (44,100 RB), and Vietnam (38,700 RB). Decreases were reported for El Salvador (3,800 RB) and Hong Kong (1,100 RB). Exports of 102,300 RB were up 7 percent from the previous week, but down 20 percent from the prior 4-week average. The primary destinations were Mexico (29,300 RB), Turkey (13,200 RB), China (13,000 RB), Indonesia (9,000 RB), and Colombia (7,000 RB). Net American Pima sales of 15,700 RB were down 26 percent from the previous week and 47 percent from the 4-week average. Increases were primarily for China (7,600 RB, including 200 RB switched from Japan), India (3,700 RB), Turkey (1,800 RB), and Egypt (900 RB). Exports 24,300 RB were down 22 percent from the previous week, but up 1 percent from the prior 4-week average. The primary destinations were China (18,300 RB), Pakistan (2,200 RB), and India (2,200 RB).
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