CORN:
Net weekly export sales for corn, came in at 1,107,700 metric tonnes for the current marketing year and 200 for the next marketing year for a total of 1,107,900.
As of January 22, cumulative corn sales stand at 53.3% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 60.1%. Sales of 654,000 metric tonnes are needed each week to reach the USDA forecast.
WHEAT:
Net weekly export sales for wheat, came in at 23,500 metric tonnes for the current marketing year and -80,000 for the next marketing year for a total of -56,500.
As of January 22, cumulative wheat sales stand at 82.1% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 80.1%. Sales of 264,000 metric tonnes are needed each week to reach the USDA forecast.
SOY COMPLEX:
Net weekly export sales for soybeans came in at 526,100 metric tonnes for the current marketing year and 6,100 for the next marketing year for a total of 532,200.
As of January 22, cumulative soybean sales stand at 80.5% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 77.1%. Sales of 184,000 metric tonnes are needed each week to reach the USDA forecast.
Net meal sales came in at 201,700 metric tonnes for the current marketing year and none for the next marketing year for a total of 201,700.
Cumulative soybean meal sales stand at 47.4% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 52.7%. Sales of 112,000 metric tonnes are needed each week to reach the USDA forecast.
Net oil sales came in at 21,500 metric tonnes for the current marketing year and none for the next marketing year for a total of 21,500.
Cumulative soybean oil sales stand at 32.5% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 61.0%. Sales of 15,000 metric tonnes are needed each week to reach the USDA forecast.
COTTON:
Net weekly export sales for cotton, came in at 107,200 running bales for the current marketing year and 6,600 for the next marketing year for a total of 113,800.
As of January 22, cumulative cotton sales stand at 76.9% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 66.6%. Sales of 95,000 running bales are needed each week to reach the USDA forecast.
BEEF:
Weekly US beef export sales for the week ending January 22 came in at 7,800 metric tonnes making it 74,100 metric tonnes for the year. This compares to year ago weekly sales of 30,100 metric tonnes and 109,800 for the year. Before Mad Cow (2003) cumulative sales as of this week were 139,500 metric tonnes.
