WASHINGTON, DC – U.S. soybean and corn export sales strengthened during the week ending October 15, while wheat sales declined and cotton demand improved.
USDA reports soybean sales of about 104.4 million bushels, up sharply from the previous week and four-week average. China led purchases, followed by Mexico, the Netherlands, Portugal and Vietnam. Soybean exports totaled about 74.1 million bushels.
Corn sales reached about 60.1 million bushels, up 36% from the previous week and 87% from the four-week average. Mexico, unknown destinations, Japan, the United Kingdom and Honduras were the leading buyers. Corn exports totaled about 30.7 million bushels.
Wheat sales totaled about 8.8 million bushels, down 25% from the previous week and 28% from the four-week average. Upland cotton sales rose 36% to 199,600 bales, led by Vietnam, Bangladesh, Turkey, Pakistan and India.
Soybean meal sales totaled 242,200 metric tons. Beef sales reached 18,500 metric tons, while pork sales totaled 37,500 metric tons. Soybean oil sales were 900 metric tons.
Farm-Level Takeaway: Strong soybean and corn sales improved the weekly demand picture, while wheat remained the weaker major grain.