Wheat Export Sales Jump to a Marketing-Year High
Export sales of wheat rose week-to-week, while corn and soybean sales in the first full week of the 2021-2022 marketing year were impressive. The USDA said wheat sales to overseas buyers totaled 617,000 metric tons, a marketing-year high point, in the seven days ending on September 9th; 59% higher than the previous week and well above the prior five-year average. Nigeria bought almost 329,000 metric tons, followed by Mexico, South Korea, and Taiwan.
Exports for the week hit 514,100 metric tons, 32% above the previous week.
Meanwhile corn sales in the first full week of the marketing year totaled over 246,000 metric tons. Mexico was the largest buyer at 154,300 metric tons, with exports of corn for the week totaling 192,000 tons. Soybean sales to offshore buyers totaled 1.26 million metric tons. China bought just over 945,000 metric tons, the top total for the week. Soybean weekly exports were 244,400 metric tons.
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