Guest Guest
| Subject: Record slow planting puts 2019 crop at risk Wed May 22, 2019 12:26 pm | |
| https://www.farmprogress.com/farm-futures-market-commentary/record-slow-planting-puts-2019-crop-risk
- Record slow planting puts 2019 crop at risk:Late planting can have three impacts on production:Lost acreage-Lower yield potential and Increased abandonment.
Record slow planting puts 2019 crop at riskA cold, wet spring that caused record slow corn planting has the 2019 crop squarely behind the 8-ball. To recover lost potential, production must run the table with near-perfect conditions the rest of the growing season. Otherwise, a smaller crop could wipe out much of the surplus USDA forecasts for the coming year.While the slow start doesn’t doom the crop, the unusual political and economic environment of 2019 could make recovery more difficult than in other years with major delays. Related: USDA crop progress: Corn fails to reach the halfway mark USDA reported only 49% of the crop planted as of Sunday, a key metric for corn traders, who like to see 85% of fields in by the end of the 20[size=14]th week of the year.Late planting can have three impacts on production:Lost acreage: Final planted acreage tends to be less than March intentions reported by USDA in late years. Traders already roundly dismissed USDA’s March 29 planting estimate because the most of the agency’s survey was conducted before the “bomb cyclone” that flooded Nebraska, Iowa and Missouri, adding moisture in other states. Rains haven’t let up either.Increased abandonment. Late planting can mean late development, forcing some fields planted for grain to be harvested for sileage or grazed instead.Lower yield potential. Corn planted later in May or into June can yield less, especially if growers switch to shorter-season varieties.To gauge the impact of late planting on this year’s crop, we looked at results for eight key states included in a popular model for forecasting yields developed by USDA economists. Those states include Illinois, Iowa, Indiana, Minnesota, Missouri, Nebraska, Ohio and South Dakota. When weighted by March planting intentions, progress as of May 15 was 35%, less than half the average since 1980. The pace wasn’t the slowest ever over those four decades, but it was close. Farmers planted less by mid-May only in the great flood year of 1993, and in 1995, which turned out to be one of the most unusual years on record.Here’s how planting progress could impact production potential this year.Planted acreage could fall to 90 million, 2.8 million less than USDA estimated in MarchAbandonment could run 10%, compared to about 8% recently. That could decrease harvested acres to 81.2 million, compared to USDA’s current estimate of 85.4 million.Yield potential with normal summer weather could drop nearly 7 bushels per acre, from 176.4 to 169.5 bpa.Added together, these factors would produce a crop of 13.8 billion bushels, not the 15.1 billion bushel-plus under USDA’s original acreage assumptions with normal weather and planting progress.USDA May 10 estimated leftover supplies at the start of the 2019 marketing year will be 2.095 billion bushels. A crop that’s 1.3 billion bushels shorter would threaten to take ending stocks down to dangerously low levels unless prices rose enough to ration usage and maintain a surplus.Making predictions all the more difficult is the unusual backdrop for the 2019 growing season. Growers face crucial decisions as the final planting dates approach that begin to reduce crop insurance coverage. Taking prevent plant on corn acres may not bring enough to cover costs already invested and could forfeit potential for the government tariff compensation package. Corn growers only got a penny a bushel under the 2018 formula, a figure that’s likely to increase this year. But 2018 payments were made only on harvested bushels.Switching to soybeans may not seem like a better alternative, given the impact of the trade war on prices. But the combination of crop insurance, government farm program choices, including PLC and ARC, and new tariff aid could make soybeans profitable.To be sure, slow planting doesn’t guarantee lower acres and yields or increased abandonment. But again, price dynamics this year could come into play.In 1995 for example, farmers planted 3.8 million fewer acres than March intentions, a drop of more than 5% when just 31% was planted in the eight key states May 15. But prices barely topped $2.70 on the planting rally, thanks to good supplies following the first 10-billion-bushel corn crop in 1994.Searing heat reduced yields in 1995 and prices began to rally after harvest as supplies grew tighter. Planting was a little faster the following year, but it was still the fifth slowest. Acreage fell less than 1% from March intentions. One difference: Futures rallied to a then-record high, topping $5 for the first time, providing growers plenty of incentive to plant more and abandon less. Yields also turned out better than normal in 1996, as they have in some other years when planting was a struggle.This week’s slow planting progress, and forecasts for more rain into June, should reset the table for the 2019 summer selling season. Still, there’s always potential for the market to scratch.TAGS: MARKET NEWS CORN FARM OPERATIONS WEATHER[/size] DarcyMaulsby/Thinkstock [size=37]USDA exports – Unknown buys soybeans[/size] The marketing year for soybeans began Sept. 1.Compiled by staff | May 22, 2019May 22, 2019Private exporters reported export sales of 4.8 million bushels of soybeans for delivery to unknown destinations. Of the total, 4 million bushels is for delivery during the 2018/2019 marketing year and 771,617 bushels is for delivery during the 2019/2020 marketing year.The marketing year for soybeans began Sept. 1.May 14, 2019Private exporters export sales of 6.6 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1.May 9, 2019 Private exporters reported the following activity:
- Export sales of 4.2 million bushels of corn for delivery to Colombia during the 2018/2019 marketing year; and
- Export sales of 13.6 million bushels of soybeans for delivery to unknown destinations. Of the total 4.4 million bushels is for delivery during the 2018/2019 marketing year and 9.1 million bushels is for delivery during the 2019/2020 marketing year.
The marketing year for corn and soybeans began Sept. 1. May 3, 2019 Private exporters reported export sales of 10.8 million bushels of soybeans for delivery to Mexico during the 2019/2020 marketing year. The marketing year for soybeans began Sept. 1. April 19, 2019Private exporters reported export sales of 115,742 short tons of soybean meal for delivery to Colombia. Of the total, 66,138 short tons is for delivery during the 2018/2019 marketing year and 49,603 short tons is for delivery for during the 2019/2020 marketing year.The marketing year for soybean meal began Oct. 1. April 15, 2019 Private exporters reported export sales of 5.1 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year. The marketing year for soybeans began Sept. 1. April 10, 2019Private exporters reported export sales of 4.9 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. April 1, 2019Private exporters reported export sales of 30.4 million bushels of soybeans for delivery to China during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. March 29, 2019Private exporters reported the following activity:
- Export sales of 30 million bushels of soybeans for delivery to China during the 2018/2019 marketing year; and
- Export sales of 5.5 million bushels of hard red winter wheat for delivery to Iraq during the 2018/2019 marketing year.
The marketing year for wheat began June 1 and soybeans began Sept. 1. March 28, 2019Private exporters reported the following activity:
- Export sales of 4.4 million bushels of soft red winter wheat for delivery to Egypt during the 2018/2019 marketing year; and
- Export sales of 5.5 million bushels of hard red winter wheat for delivery to Iraq. Of the total 1.8 million bushels is for delivery during the 2018/2019 marketing year and 3.7 million bushels is for delivery during the 2019/2020 marketing year.
The marketing year for wheat began June. 1. arch 22, 2019Private exporters reported export sales of 11.8 million bushels of corn for delivery to China during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. March 11, 2019Private exporters reported export sales of 34 million bushels of soybeans for delivery to China during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. March 8, 2019Private exporters reported export sales of 24.4 million bushels of soybeans for delivery to China during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. March 4, 2019Private exporters reported export sales of 4 million bushels of corn for delivery to Colombia during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Feb. 28, 2019Private exporters reported the following activity:
- Export sales of 6.6 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year; and
- Export sales of 5.2 million bushels of corn for delivery to South Korea during the 2018/2019 marketing year.
The marketing year for corn began Sept. 1. Feb. 26, 2019Private exporters reported export sales of 4.4 million bushels of soybeans for delivery to Mexico. Of the total, 1.8 million bushels is for delivery during the 2018/2019 marketing year and 2.6 million bushels is for delivery during the 2019/2020 marketing year.The marketing year for soybeans began Sept. 1. Feb. 25, 2019Private exporters reported export sales of 11 million bushels of corn for delivery to Mexico. Of the total, 3.5 million bushels is for delivery during the 2018/2019 marketing year and 7.5 million bushels is for delivery during the 2019/2020 marketing year.The marketing year for corn began Sept. 1. Feb. 15, 2019Private exporters reported export sales of 8.1 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Feb. 12, 2019Private exporters reported export sales of 4.8 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Feb. 6, 2019Private exporters reported the following activity:
- Export sales of 21.5 million bushels of soybeans for delivery to China. Of the total, 19.2 million bushels is for delivery during the 2018/2019 marketing year and 2.3 million bushels is for delivery during the 2019/2020 marketing year.
- Export sales of 6.7 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1. Feb. 5, 2019Private exporters reported the following activity:
- Export sales of 95.7 million bushels of soybeans for delivery to China during the 2018/2019 marketing year; and
- Export sales of 10 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1. Feb. 4, 2019Private exporters reported export sales of 22.5 million bushels of soybeans for delivery to China during the 2018/19 marketing year.The marketing year for soybeans began Sept. 1. Dec. 21, 2018Private exporters reported the following activity:
- Export sales of 8.8 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year; and
- Export sales of 4.2 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Dec. 20, 2018Private exporters reported the following activity:
- Export sales of 7.5 million bushels of soybeans for delivery to China during the 2018/2019 marketing year;
- Export sales of 9.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year;
- Export sales of 110,231 short tons of soybean meal for delivery to Colombia during the 2018/2019 marketing year;
- Export sales of 16.8 million of corn for delivery to Mexico. Of the total, 14.7 million is for delivery during the 2018/2019 marketing year and 2.1 million bushels is for delivery during the 2019/2020 marketing year.
The marketing year for corn and soybeans began Sept. 1; soybean cake and meal began Oct. 1. Dec. 19, 2018Private exporters reported export sales of 44 million bushels of soybeans for delivery to China during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Dec. 14, 2018Private exporters reported the following activity:
- Export sales of 11 million bushels of soybeans for delivery to China during the 2018/2019 marketing year;
- Export sales of 4.8 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year;
- Export sales of 4.9 million bushels of corn for delivery to Japan during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1. Dec. 13, 2018Private exporters reported export sales of 41.5 million bushels of soybeans for delivery to China during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Dec. 12, 2018Private exporters reported the following activity:
- Export sales of 4.8 million bushels of soybeans for delivery to Mexico during the 2018/2019 marketing year; and
- Export sales of 4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1. Dec. 7, 2018Private exporters reported export sales of 8.2 million bushels of hard red winter wheat for delivery to unknown destinations during the 2018/2019 marketing year. The marketing year for wheat began June. 1. Dec. 6, 2018Private exporters reported export sales of 7.8 million bushels of corn for delivery to Mexico. Of the total 4.2 million bushels is for delivery during the 2018/2019 marketing year and 3.6 million bushels is for delivery during the 2019/2020 marketing year.The marketing year for corn began Sept. 1.Dec. 3, 2018Private exporters reported export sales of 5.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Nov. 30, 2018Private exporters reported export sales of 4.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Nov. 28, 2018Private exporters reported export sales of 9.9 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Nov. 26, 2018Private exporters reported export sales of 4.4 million bushels of soft red winter wheat for delivery to Egypt during the 2018/2019 marketing year.The marketing year for wheat began June. 1. Nov. 23, 2018Private exporters reported the following activity:
- Export sales of 5.2 million bushels of corn for delivery to South Korea during the 2018/2019 marketing year; and
- Export sales of 4.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Nov. 20, 2018Private exporters reported the following activity:
- Cancellations of export sales of 7.9 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year; and
- Export sales of 4.5 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Nov. 19, 2018Private exporters reported export sales of 5.4 million bushels of corn for delivery to South Korea during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Nov. 16, 2018Private exporters reported export sales of 3.7 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Nov. 14, 2018Private exporters reported the follow activity:
- Export sales of 8.3 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year; and
- Export sales of 5.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Nov. 13, 2018Private exporters reported export sales of 10.2 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Nov. 5, 2018Private exporters reported export sales of 4 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Nov. 2, 2018Private exporters reported export sales of 7.9 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Oct. 29, 2018Private exporters reported export sales of 4.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Oct. 26, 2018Private exporters reported export sales of 9.6 million bushels of soybeans for delivery to unknown destinations. Of the total 7.3 million bushels is for delivery during the 2018/2019 marketing year and 2.2 million bushels is for delivery during the 2019/2020 marketing year.The marketing year for soybeans began Sept. 1. Oct. 19, 2018Private exporters reported the following activity:
- Cancellations of export sales totaling 6.6 million bushels of soybeans for delivery to China during the 2018/2019 marketing year; and
- Cancellations of optional origin sales totaling 4.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.
The marketing year for soybeans began Sept. 1. Oct. 11, 2018Private exporters reported the cancellations of export sales of 5.5 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year. The marketing year for corn began Sept. 1. Oct. 8, 2018Private exporters reported export sales of 4.4 million bushels of hard red spring wheat for delivery to Bangladesh during the 2018/2019 marketing year.The marketing year for wheat began June 1. Oct. 5, 2018Private exporters reported export sales of 134,000 metric tons of soybean cake and meal for delivery to the Philippines during the 2018/2019 marketing year.The marketing year for soybean cake and meal began Oct. 1. Oct. 3, 2018Private exporters reported the sale of 9.0 million bushels of corn for delivery to Japan during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Sept. 26, 2018Private exporters reported export sales of 24.7 million bushels of soybeans for delivery to Mexico during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Sept. 25, 2018Private exporters reported the sales of 9.4 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Sept. 24, 2018Private exporters reported the sale of 5.95 million bushels of soybeans for delivery to unknown destinations during the 2018/19 marketing year.The marketing year for soybeans began Sept. 1. Sept. 21, 2018Private exporters reported the following activity:
- Export sales of 4.8 million bushels of corn for delivery to unknown destinations for delivery during the 2018/2019 marketing year; and
- Export sales of 100,000 metric tons of soybean cake and meal for delivery to unknown destinations for delivery during the 2018/2019 marketing year.
The marketing year for corn began Sept. 1; soybean cake and meal began Oct. 1. Sept. 20, 2018Private exporters reported export sales of 6.3 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Sept. 17, 2018Private exporters reported export sales of 8.9 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Sept. 13, 2018Private exporters reported the follow activity:
- Export sales of 5.6 million bushels of corn for delivery to Costa Rica during the 2018/2019 marketing year; and
- Export sales of 4.0 million bushels of soybeans for delivery to Mexico during the 2018/2019 marketing year; and
- Export sales of 4.4 million bushels of soybeans for delivery to unknown destinations. Of the total 1.5 million bushels is for delivery during the 2018/2019 marketing year and 2.9 million bushels is for delivery during the 2019/2020 marketing year.
The marketing year for corn and soybeans began Sept. 1. Sept. 11, 2018Private exporters reported the follow activity:
- Export sales of 5.4 million bushels of corn for delivery to South Korea during the 2018/2019 marketing year; and
- Cancellations of export sales of 7.1 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Sept. 10, 2018Private exporters reported export sales of 4.9 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Sept. 5, 2018Private exporters reported export sales of 4 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Aug. 31, 2018Private exporters reported the following activity:
- Export sales of 10.8 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year; and
- Export sales of 9.2 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Aug. 30, 2018Private exporters reported export sales of 4 million bushels of corn for delivery to Mexico during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Aug. 28, 2018Private exporters reported export sales of 198,862 metric tons of soybean cake and meal for delivery to Mexico. Of the total 146,781 metric tons is for delivery during the 2018/2019 marketing year and 52,081 metric tons is for delivery during the 2019/2020 marketing year.The marketing year for soybean cake and meal began Oct. 1. Aug. 24, 2018Private exporters reported export sales of 5.4 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. Aug. 21, 2018Private exporters reported export sales of 250,000 metric tons of soybean cake and meal for delivery to unknown destinations during the 2018/2019 marketing year.The marketing year for soybean cake and meal began Oct. 1. Aug. 16, 2018Private exporters reported the following activity:
- Export sales of 5.7 million bushels of soybeans for delivery to Mexico during the 2018/2019 marketing year; and
- Export sales of 7.3 million bushels of hard red winter wheat for delivery to Iraq during the 2018/2019 marketing year.
The marketing year for wheat began June 1 and soybeans began Sept. 1. Aug. 15, 2018Private exporters reported export sales of 4.5 million bushels of corn for delivery to unknown destinations. Of the total 2.2 million bushels is for delivery during the 2017/2018 marketing year and 2.3 million bushels is for delivery during the 2018/2019 marketing year.The marketing year for corn began Sept. 1. Aug. 13, 2018Private exporters the following activity:
- Export sales of 8.4 million bushels of corn for delivery to Mexico. Of the total 5.6 million bushels is for delivery during the 2018/2019 marketing year and 2.8 million bushels is for delivery during the 2019/2020 marketing year; and
- Export sales of 5.2 million bushels of soybeans for delivery to Mexico during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Aug. 10, 2018Private exporters reported the sale of 7.7 million bushels of soybeans for delivery to unknown destinations. Of the total, 2.9 million bushels is for delivery during the 2017/18 marketing year and 4.8 million bushels is for delivery during the 2018/19 marketing year.The marketing year for soybeans began Sept. 1. Aug. 9, 2018Private exporters reported export sales of 135,000 metric tons of soybean cake and meal for delivery to the Philippines during the 2018/19 marketing year.The marketing year for soybean cake and meal began Oct. 1. Aug. 7, 2018Private exporters reported the following activity:
- Optional origin sales of 7 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.
- Export sales of 5.3 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. Aug. 3, 2018Private exporters reported optional origin sales of 5.1 million bushels of corn for delivery to Vietnam during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.The marketing year for corn began Sept. 1.July 27, 2018Private exporters reported the following activity:
- Export sales of 10.6 million bushels of corn for delivery to unknown destinations during the 2018/2019 marketing year; and
- Export sales of 5.7 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year.
The marketing year for corn and soybeans began Sept. 1. July 23, 2018 Private exporters reported the cancellation of optional origin sales totaling 6.1 million bushels of soybeans for delivery to China during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.The marketing year for soybeans began Sept. 1. July 18, 2018 Private exporters reported export sales of 7.3 million bushels of soybeans for delivery to Pakistan during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. July 10, 2018Private exporters reported the following activity:
- Export sales of 4.4 million bushels of corn for delivery to Egypt. Of the total 2.4 million bushels is for delivery during the 2017/2018 marketing year and 2.1 million bushels is for delivery during the 2018/2019 marketing year; and
- Cancellations of export sales of 6 million bushels of grain sorghum for delivery to Mexico during the 2017/2018 marketing year.
The marketing year for corn and grain sorghum began Sept. 1 July 9, 2018 Private exporters reported export sales of 4.9 million bushels of soybeans for delivery to unknown destinations during the 2018/2019 marketing year. The marketing year for soybeans began Sept. 1. July 5, 2018 Private exporters reported optional origin sales of 5.4 million bushels of corn for delivery to South Korea during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries. The marketing year for corn began Sept. 1. June 29, 2018Private exporters reported export sales of 4.8 million bushels of soybeans for delivery to Mexico during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. June 25, 2018Private exporters reported export sales of 6.8 million bushels of soybeans for delivery to unknown destinations during the 2017/2018 marketing year.The marketing year for soybeans began Sept. 1. June 22, 2018Private exporters reported the following activity:
- Export sales of 5.2 million bushels of corn for delivery to Mexico. Of the total 1.2 million bushels is for delivery during the 2017/2018 marketing year and 4 million bushels is for delivery during the 2018/2019 marketing year; and
- Export sales of 4.6 million bushels of corn for delivery to Panama during the 2018/2019 marketing year.
The marketing year for corn began Sept. 1. June 13, 2018Private exporters reported export sales of 6.5 million bushels of soybeans for delivery to unknown destinations. Of the total, 183,718 bushels is for delivery during the 2017/18 marketing year and 6.3 million bushels for delivery during the 2018/19 marketing year.The marketing year for soybeans began Sept. 1. June 12, 2018Private exporters reported export sales of 6 million bushels of corn for delivery to Mexico. Of the total, 4.5 million bushels is for delivery during the 2017-18 marketing year and 1.5 million bushels is for delivery during the 2018-19 marketing year.The marketing year for corn began Sept. 1. June 4, 2018Private exporters reported export sales of 4.2 million bushels of soybeans for delivery to Mexico during the 2018/19 marketing year.The marketing year for soybeans began Sept. 1. May 29, 2018Private exporters reported export sales of 9.1 million bushels of corn for delivery to unknown destinations. Of the total, 1.1 million bushels is for delivery during the 2017/2018 marketing year and 8 million bushels is for delivery during the 2018/2019 marketing year The marketing year for corn began Sept. 1. May 25, 2018Private exporters reported the following activity:
- Optional origin sales of 6.1 million bushels of soybeans for delivery to China during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries; and
- Export sales of 11.5 million bushels of soybeans for delivery to China during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1. May 24, 2018Private exporters reported the following activity:
- Export sales of 9.7 million bushels of soybeans for delivery to unknown destinations during the 2018/19 marketing year,
- Cancellation of 5.2 million bushels of grain sorghum for delivery to unknown destinations during the 2017/19 marketing year.
The marketing year for soybeans and grain sorghum began Sept. 1. May 23, 2018Private exporters reported optional origin sales of 5.5 million bushels of corn for delivery to Saudi Arabia. Of the total, 2.8 million bushels is for delivery during the 2017/2018 marketing year and 2.8 million bushels is for delivery during the 2018/2019 marketing year. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more other exporting countries.The marketing year for corn began Sept. 1. May 18, 2018Private exporters reported the following activity:
- Cancellations of export sales of 35 million bushels of soybeans for delivery to unknown destinations. 30 million bushels are for delivery during the 2017/2018 marketing year and 4.4 million bushels is for delivery during the 2018/2019 marketing year; and
- Export sales of 6.2 million bushels of soybeans for delivery to unknown destinations. 2.1 million bushels are for delivery during the 2017/2018 marketing year and 4.1 million bushels are for delivery during the 2018/2019 marketing year.
The marketing year for soybeans began Sept. 1. May 17, 2018Private exporters reported the sale of 4.9 million bushels of soybeans for delivery to unknown destinations during the 2017/2018 marketing year.The marketing year for soybeans began Sept. 1. May 3, 2018Private exporters reported the sale of 30,000 metric tons of soybean oil for delivery to Peru during the 2017-18 marketing year.The marketing year for soybean oil began Oct. 1. April 30, 2018Private exporters reported the sale of 4.4 million bushels of soybeans for delivery to Argentina during the 2018-19 marketing year.The marketing year for soybeans began Sept. 1. April 26, 2018Private exporters reported the sale of 4.2 million bushels of corn for delivery to unknown destinations during the 2017-18 marketing year.The marketing year for corn began Sept. 1. April 24, 2018Private exporters reported the sale of 4.8 million bushels of soybeans to Argentina. Of the total, 2.2 million bushels is for delivery during the 2017/2018 marketing year and 2.6 million bushels is for delivery during the 2018/2019 marketing year.The marketing year for soybeans began Sept. 1. April 11, 2018Private exporters reported the sale of soybeans. The deal includes:
- 4.4 million bushels of soybeans for delivery to Argentina during the 2018-19 marketing year.
- 5.2 million bushels of soybeans for delivery to Mexico during the 2018-19 marketing year.
The marketing year for soybeans began Sept. 1.April 10, 2018Private exporters reported the sale of soybeans. The deal includes:
- 4.4 million bushels of soybeans for delivery to Argentina during the 2018-19 marketing year;
- 4.9 million bushels of soybeans for delivery to China during the 2018-19 marketing year; and
- 10.3 million bushels of soybeans for delivery to unknown destinations during the 2017-18 marketing year.
The marketing year for soybeans began Sept. 1. April 9, 2018Private exporters reported the sale of 8.5 million bushels of soybeans for delivery to unknown destinations during the 2017-18 marketing year.The marketing year for soybeans began Sept. 1. April 6, 2018Private exporters reported the following sales:
- 3.9 million bushels of corn for delivery to Egypt during the 2017-18 marketing year;
- 4.8 million bushels of soybeans for delivery to Mexico. Of the total 2.4 million bushels is for delivery during the 2017-18 marketing year and 2.4 million bushels is for delivery during the 2018-19 marketing year;
- 44 million pounds of soybean oil for delivery to unknown destinations during the 2017-18 marketing year;
- 16.8 million bushels of soybeans for delivery to unknown destinations. Of the total 12 million bushels is for delivery during the 2017-18 marketing year and 4.8 million bushels is for delivery during the 2018-19 marketing year.
The marketing year for corn and soybeans began Sept. 1; soybean oil began Oct. 1. April 4, 2018Private exporters reported the sale of soybeans. The deal includes:
- 4.8 million bushels of soybeans for delivery to China during the 2018-19 marketing year.
- 11.9 million bushels of soybeans for delivery to unknown destinations. 4.8 million bushels is for delivery during the 2017-18 marketing year and 7.2 million bushels is for delivery during the 2018-19 marketing year.
The marketing year for soybeans began Sept. 1.USDA issues both daily and weekly export sales reports to the public. Exporters are required to report to USDA any export sales activity of 100,000 tons or more of one commodity, made in one day or quantities totaling 200,000 tons or more in any reporting period. |
|