Difficult Market Conditions Hamper Agricultural Sales And Exports

Extreme winter weather across the U.S. and civil unrest in emerging markets around the world led to declines in sales and export numbers for corn, soybean, and wheat. Marketing year lows were observed for wheat exports and soybean sales. Sales and export numbers were higher at reported levels than in 2013 at the same time.

Weekly U.S. net corn sales for the week ending February 13th in the 2013/2014 marketing year were 691,400 metrics tons (MT), a 46% decrease from the previous week and a 28% decrease from the prior 10-week average. Increases were reported from Japan, Peru, Egypt, Venezuela, and Guatemala. Decreases were reported from unknown destinations, China, and the Dominican Republic. Exports were 745,000 MT, a 20% decrease from the prior week and 14% decrease from the prior 10-week average. The primary destinations were Japan, Mexico, Peru, South Korea, and Colombia.

Weekly net soybean sales were 86,300 MT, a 50% decrease from the previous week and an 86% decrease from the prior 10-week average. Increases were reported from the Netherlands, Mexico, Honduras, Jordan, Switzerland, and Costa Rica. Decreases were reported from unknown destinations and China. Exports were 1,339,500 MT, a 10% decrease from the prior week and 17% decrease from the prior 10-week average. Primary destinations were China, the Netherlands, Vietnam, Indonesia, and Mexico.

Weekly net wheat sales were 424,500 MT, a 29% decrease from the previous week and an 11% decrease from the prior 10-week average. Increases were reported from Japan, unknown, destinations, the Philippines, Uruguay, and Colombia. Decreases were reported from the Egypt and Honduras. Exports were 277,300 MT, a 31% decrease from the prior week and a 36% decrease from the prior 10-week average. Primary destinations were the Brazil, Japan, South Korea, Mexico, and Nigeria.


Source: USDA Foreign Agricultural Service


Source: USDA Foreign Agricultural Service