WASHINGTON (RFD-TV) — U.S. export sales were mixed for the week ending September 11, according to the USDA.
Corn bookings reached 1.23 million metric tons (48.5 million bushels), led by Mexico, South Korea, Japan, and Spain. Shipments were even stronger at 1.56 mmt (61.2 million bushels), with Mexico and Japan topping destinations.
Soybean sales totaled 923,000 mt (33.9 million bushels), mainly to Egypt, Mexico, and Spain, while exports hit 837,000 mt (30.8 million bushels).
Wheat sales reached 377,500 mt (13.9 million bushels), up from last week but still trailing the four-week average, while shipments nearly doubled at 774,800 mt (28.5 million bushels), led by Mexico and Indonesia.
Cotton sales were reported at 186,100 running bales, the highest in several weeks, with Vietnam and India the top buyers.
Beef sales rose to 15,800 mt, up 31 percent, while exports jumped to 13,200 mt, mainly to Japan and South Korea.
Pork sales reached 22,000 mt, with Mexico and Japan leading buyers, while exports climbed to 29,400 mt.
Tony’s Farm-Level Takeaway: Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
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