Corn and Sorghum Exports Eclipse Marketing Year Highs
Corn sales hit a new marketing year high last week, while sorghum exports set a new high for 2021 according to the Foreign Agriculture Service, based on USDA’s Weekly Export Sales Report
Foreign Agriculture Service
Export Sales for Cotton Dip on Higher Prices
Export sales for most commodities were higher for the week ending October 28, 2021, with the exception of cotton sales – which may be declining on the highest prices in 10 years.
Reductions Expected for Canadian Cattle and Swine Herds
As the U.S. cattle herd begins to shrink, both the Canadian cattle and swine herd appear to be joining with their North American neighbors in the contraction.
Devalued Real Helps Brazilian Livestock Herds to Expand
As the U.S. cattle herd continues to contract, Brazil’s herd is expected to increase by 4 percent this year and another 4 percent in 2022, though beef production is likely to fall in 2021 by 6 percent.
Foreign Demand lower as Commodity Prices rise
There may be some growing concern in regards to crop exports and foreign demand amid higher commodity prices.
Australian Grain Crops Big, But Smaller than 2020
After suffering through years of drought, Australia is looking at another big production year for grain production on the heels of bumper crops just one year earlier.
China Returns as America’s Top Buyer of Commodities
In 2020, U.S. agricultural exports to China totaled $26.4 billion, a $12.6 billion increase from 2019 and representing the largest market for American farmers and ranchers.
2020 Soybean and Wheat Exports to Vietnam Soar
According to the Foreign Agriculture Service at USDA, the United States is Vietnam’s second-largest supplier of agricultural goods, following China.
Sorghum Sales and Exports Hit All-Time Highs
According to the Foreign Agriculture Service’s Weekly Export Sales Report, demand for U.S. sorghum from China is at its highest level in history.
Sorghum Sales and Exports Hit Marketing Year High
USDA’s Foreign Agriculture Service is reporting a marketing-year low for U.S. wheat, and lower sales for corn, soybeans, and cotton in their latest Weekly Export Sales Report for the week ending April 8, 2021.
Dairy Exports Overcome 2020 Challenges, 2021 Looking Brighter
Despite challenges presented by the COVID-19 economic lockdown, exports of U.S. dairy products expanded 9 percent year-over-year in 2020, reaching a total of $6.5 billion.
Increased Demand from China Drives Ag Exports Higher
Ag exports rebounded in 2020 with a 7 percent ($9 billion) increase from the previous year, according to data just released by the Foreign Agriculture Service.
Chinese Demand for U.S. Cotton Reduces Market Share
According to the Foreign Agricultural Service, Vietnam’s success in controlling COVID-19 has allowed textile and garment companies to maintain their operations, despite short-term disruptions.
Despite Drought, Mexico Growing More Cotton in 2021
Mexico’s cotton production is forecast to increase 22 percent for this marketing year on increased global prices and ongoing drought conditions favoring cotton production over other more water-reliant crops.
Good Export Sales Report for Most U.S. Commodities
USDA’s Foreign Agriculture Service released the latest Weekly Export Sales Report on Thursday which highlighted positive growth in wheat, corn, soybeans, and cotton.
Corn and Wheat Export Sales Hit Marketing-Year Lows
The Foreign Agricultural Service release their latest look at U.S. commodity exports on Thursday, for the week ending February 18.
Corn and Cotton Exports Hit Marketing Year Highs
The Foreign Agriculture Service has released their latest Weekly Export Sales report, with some new marketing-year highs.
China Remains Top Buyer for Many U.S. Commodities
USDA’s Foreign Ag Service released their latest Weekly Export Sales Report based on reports from exporters for the period January 22-28.
USDA’s Export Sales Report Shows Continued Strong Demand
USDA’s Foreign Agriculture Service released their Weekly Export Sales Report on Thursday, for the week ending January 21, 2021.
Lackluster Week for U.S. Crop Sales and Exports
USDA’s Foreign Agriculture Service released their latest Weekly Export Sales Report on Thursday, outlining sales and exports for the final week of 2020.
More Foreign Sales of U.S. Cotton, Soybeans, Wheat
According to the Foreign Ag Service, U.S. wheat sales were up 38 percent from the previous week (616,500 metric tons) on purchase from Mexico, Japan, and Thailand.
Brazilian Cotton Growers Expected to Reduce 2021 Acreage
The Foreign Agriculture Service is reporting Brazilian cotton planting at 3.7 million acres, with the production of just over 12 million bale.
U.S. Cotton’s Dominance in Turkey Facing Brazilian Pressure
According to the Foreign Agriculture Service, yields in the South Eastern region has been better than expected due to favorable weather conditions.
Indonesian Cotton Consumption Falls, U.S. Remains Top Exporter
Indonesia’s cotton consumption for 2019/20 has declined to a 10-year low of 2.4 million bales due to weaker domestic and overseas demand related to COVID-19.
Soybean Exports Hit Marketing Year High and Low
The Foreign Agriculture Service released their latest Weekly Export Sales report on Friday, one day later than normal due to the Veteran’s Day Federal holiday on Wednesday.
Export Report Reveals Demand for Corn, Cotton, Beef
USDA’s Foreign Agriculture Service provided their weekly look into export sales and shipments Thursday by highlighting a big week for corn, cotton and beef.
China Phase One Trade Deal Picking Up Steam
After signing the Phase One Trade Agreement on January 15, 2020, optimism was high that the Chinese would purchase record amounts of U.S. commodities from farmers and ranchers.
Brazil’s New Third Corn Crop Increases Annual Production
The U.S. Foreign Agricultural Service has raised its corn production estimate for Brazil based upon a large increase in acreage, as well as good yields for the second crop in the CenterWest state of Mato Grosso.
COVID-19 Continues to Pressure U.S Cotton Exports Abroad
A major global competitor for U.S. cotton producers are preparing to harvest a slightly larger crop this year, according to the Foreign Agriculture Service.
African Swine Fever in Germany, China Stops Imports
Germany’s Federal Minister of Food and Agriculture confirms an African swine fever case in a wild boar found in Eastern Germany near the Polish border.
First Mexico Banned Glyphosate, Now GE Cotton Seeds
Mexican farmers are facing serious seed shortages, according to a report from the Foreign Agriculture Service.
India’s Falling Rupee Presents Cotton Industry Unique Challenges
India’s cotton industry is banking on a big year after increasing acreage by 3 percent in 2020.
Low Prices Causing Drop in Brazilian Cotton Plantings
USDA’s Foreign Agriculture Service projects 2021 Brazilian cotton plantings at 3.7 million acres, down 10 percent from the current harvest.
Japanese Beef Consumption Expected to Rebound in 2021
Japanese beef production is projected to remain flat in 2021 as marginally higher slaughter is offset by lower carcass weights.
Weekly Export Report Reveals Impressive U.S. Wheat Sales
Wheat sales last week were impressive, increasing 46 percent over the previous week and 41 percent above the 4-week average, with Mexico and China topping all buyers.
U.S. Wheat Receives Parity in New Trade Agreement
As a key component of the new USMCA trade agreement, Canada agreed to allow wheat grown in the United States for import purposes to receive an official Canadian grade as long as the variety was approved in that country.
USDA Weekly Export Sales Routine Other Than Soybeans
USDA released their latest Weekly Export Sales Report on Thursday. Traders were greeted by lower sales for U.S. wheat, corn and cotton, but the light was brightest for sorghum and soybeans.
Weekly Beef Export Sales Hit Marketing Year High
According to the Foreign Agriculture Service (FAS), for the week ending July 30, 2020 wheat sales increased 10 percent from the previous week on the heels of big purchases from the Philippines, Taiwan, and Brazil while exports fell 4 percent from last week.
Export Sales Report Reveals Increasing Exports, Decreasing Sales
According to USDA’s Foreign Agriculture Service, export sales for wheat, corn, cotton, beef, and pork were lower last week, while sales for sorghum and soybeans were higher.