CORN:
Net weekly export sales for corn, came in at 757,600 metric tonnes for the current marketing year and 577,100 for the next marketing year for a total of 1,334,700.
Cumulative corn sales stand at 101.6% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 98.3%.
WHEAT:
Net weekly export sales for wheat, came in at 342,300 metric tonnes for the current marketing year and none for the next marketing year for a total of 342,300.
For wheat, cumulative sales stand at 22.7% of the USDA forecast for 2009/2010 (current) marketing year versus a 5 year average of 31.0%. Sales of 426,000 metric tonnes are needed each week to reach the USDA forecast.
SOY COMPLEX:
Net weekly export sales for soybeans came in at 320,000 metric tonnes for the current marketing year and 382,000 for the next marketing year for a total of 702,000.
As of July 16, cumulative soybean sales stand at 101.4% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 99.9%.
Meal sales came in at 157,600 metric tonnes for the current marketing year and 35,100 for the next marketing year for a total of 192,700.
Cumulative soybean meal sales stand at 85.2% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 82.9%. Sales of 110,000 metric tonnes are needed each week to reach the USDA forecast.
Soybean oil sales came in at 17,500 metric tonnes for the current marketing year and -6,000 for the next marketing year for a total of 11,500.
Cumulative soybean oil sales stand at 79.7% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 94.4%. Sales of 19,000 metric tonnes are needed each week to reach the USDA forecast.
COTTON:
Net weekly export sales for cotton, came in at -1,500 running bales for the current marketing year and 51,200 for the next marketing year for a total of 49,700.
Cumulative cotton sales stand at 106.7% of the USDA forecast for 2008/2009 (current) marketing year versus a 5 year average of 111.1%.
BEEF:
Weekly US beef export sales for the week ending July 16 came in at 9,000 metric tonnes making it 292,500 metric tonnes for the year. This compares to year ago weekly sales of 21,900 metric tonnes and 346,900 for the year. Before Mad Cow (2003) cumulative sales as of this week were 540,700 metric tonnes.
