Corn net sales plummet nearly 50%

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

The USDA’s latest Weekly Export sales report showed corn net sales of 291,500 metric tons (MT) for 2013-2014 reported for July 11-17. This is down 49 percent from the previous week and 21 percent below the prior four-week average.

Increases were reported for Japan (216,200 MT, including 112,300 MT switched from unknown destinations, 50,000 MT switched from China, and decreases of 1,100 MT), Spain (70,000 MT, including 65,000 MT switched from unknown destinations), South Korea (67,800 MT, including 63,000 MT switched from unknown destinations and decreases of 2,400 MT), the Netherlands (52,000 MT, switched from unknown destinations), Mexico (50,200 MT), and Canada (25,600 MT).  Decreases were reported for unknown destinations (220,100 MT) and China (50,000 MT).  Net sales of 1,143,400 MT for 2014/2015 were reported primarily for unknown destinations (644,000 MT), Japan (268,400 MT), and Costa Rica (43,800 MT). 

Corn exports of 992,500 MT were up 9 percent from the previous week, but down 4 percent from the prior four-week average.  The primary destinations were Japan (262,100 MT), South Korea (255,800 MT), Mexico (139,500 MT), Egypt (133,200 MT), Spain (70,000 MT), and Costa Rica (32,600 MT). 

Doane Advisory Service reports grain futures following soybean higher overnight. September corn rose 3.25 cents higher at $3.6575/bushel early Thursday morning, while December added 2.5 cents to $3.7325.

  Sales 291,540 573,725 -282,185
Average 403,898 729,997 713,317
High 621,311 1,837,865 1,837,865
Low 109,031 109,031 109,031

The report also showed that soybean net sales of 226,700 MT for 2013-2014 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for China (158,800 MT), Indonesia (103,600 MT, including 86,400 MT switched from unknown destinations), Vietnam (17,900 MT), Taiwan (12,400 MT), and Japan (10,300 MT, including 1,000 MT switched from unknown destinations). 

Decreases were reported for unknown destinations (87,400 MT) and Mexico (8,500 MT).  Net sales of 2,451,100 MT for 2014-2015 were primarily for China (1,283,500 MT), unknown destinations (949,600 MT), and Bangladesh (112,000 MT).  Exports of 162,700 MT were up 72 percent from the previous week and 59 percent from the prior 4-week average.  The primary destinations were Indonesia (95,300 MT), Japan (32,000 MT), and Mexico (29,900 MT).

Soy buying was spurred by the talk of potential dryness over the next two weeks, which might hurt bean yields later this fall. August soybean futures jumped 19.5 cents to $12.205/bushel Wednesday night, while November futures climbed 15.0 to $10.915. August soyoil ran up 0.22 cents to 36.42 cents/pound and August soymeal gained $6.0 to $397.5/ton.

  Sales 226,681 37,658 189,023
Average 112,898 186,750 196,982
High 317,157 772,736 772,736
Low 37,658 782 -16,421

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Comments (0) Leave a comment 

e-Mail (required)


characters left

Grain Storage Systems

Behlen Grain Storage Systems offers large capacity bins with diameters from 16’ to 157’ and capacities exceeding 1,500,000 bushels. All ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form