WASHINGTON, D.C. (RFD News) — U.S. export sales were mixed during the week ending July 16, with strong new-crop soybean demand offsetting weak old-crop business. USDA reported no new marketing-year highs or lows in the weekly summary.
Old-crop corn sales reached 13.1 million bushels, while new-crop sales totaled 27.6 million. Corn exports climbed to 70.3 million bushels, led by Mexico, Japan, South Korea, Spain, and Venezuela.
Soybean sales for the current marketing year fell to 2.1 million bushels, but new-crop commitments surged to 56.5 million. China accounted for about 37 million bushels, while Mexico bought roughly 12.1 million. Soybean exports totaled 11 million bushels.
Wheat sales reached 10.7 million bushels, with Mexico and Taiwan leading demand. Sorghum sales were limited to about 224,000 bushels, though exports rose to 2.6 million bushels, mostly to China.
Upland cotton sales increased to 51,300 bales. Pork sales rose to 28,800 metric tons, while beef sales improved to 9,400. Producers will watch whether new-crop soybean demand continues and whether stronger corn shipments tighten available supplies.
