Grain Express 05/12/22

Posted: May 12, 2022, 8:09 a.m.

There are no flash-sales to report, as of writing this. There hasn't been one since April 28th.

Corn (July)

Fundamentals: This morning’s weekly export sales report showed net sales of 192,700 MT for 2021/2022--a marketing-year low--were down 75 percent from the previous week and 80 percent from the prior 4-week average. Net sales of 46,600 MT for 2022/2023.

Today’s USDA report will be out at 11:00 AM CT. Below are the estimates.

2021/2022 U.S. Ending Stocks: 1.412 Billion Bushels

2022/2023 U.S. Ending Stocks: 1.352 Billion Bushels

 

2021/2022 World Ending Stocks: 303.76 mmt

2022/2023 World Ending Stocks: 296.91 mmt

 

Argentina Corn Production: 52.03 mmt

Brazilian Corn Production: 114.12 mmt

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Soybeans (July)

Fundamentals:

This morning’s weekly export sales report showed net sales of 143,700 MT for 2021/2022--a marketing-year low--were down 80 percent from the previous week and 74 percent from the prior 4-week average. Net sales of 77,300 MT for 2022/2023.

Today’s USDA report will be out at 11:00 AM CT. Below are the estimates.

2021/2022 U.S. Ending Stocks: .225 Billion Bushels

2022/2023 U.S. Ending Stocks: .317Billion Bushels

 

2021/2022 World Ending Stocks: 88.98 mmt

2022/2023 World Ending Stocks: 97.23 mmt

 

Argentina Soybean Production: 42.76 mmt

Brazilian Soybean Production: 124.4 mmt

 

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Wheat (July)

 

Fundamentals: This morning’s weekly export sales report showed Net sales of 14,100 metric tons (MT) for 2021/2022--a marketing-year low--were down 88 percent from the previous week and 79 percent from the prior 4-week average. Net sales of 124,300 MT for 2022/2023.

Today’s USDA report will be out at 11:00 AM CT. Below are the estimates.

2021/2022 U.S. Ending Stocks: .686 Billion Bushels

2022/2023 U.S. Ending Stocks: .659 Billion Bushels

 

2021/2022 World Ending Stocks: 278.3 mmt

2022/2023 World Ending Stocks: 272.07 mmt

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Grains Soybeans Corn Wheat

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