By Commodity News Service Canada
July 13 (CNS Canada) – The United States Department of Agriculture released today its export sales report and showed 161,000 tonnes of corn were sold for the week ending July 6. That’s up 15 per cent from the previous week, but down 59 per cent from the previous four-week average. Japan bought 112,200 tonnes, Spain 94,500 tonnes and Mexico bought 87,700 tonnes.
Exports of 880,000 tonnes were down 21 per cent from the previous week and 19 per cent down from the previous four-week average. Top destinations for exports were Mexico (246,200 tonnes), Taiwan (98,700 tonnes) and Spain (94,500 tonnes). The report covers the June 30 to July 6 period.
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Net sales of 300 tonnes of barley were reported for South Korea for 2016-17. As well, 500 tonnes of barley exports to Japan were cited.
The report also noted 228,000 tonnes of soybeans were sold for 2016-17, and 3,700 tonnes of soybean cake and meal were sold — a low for the current marketing year.
In Alberta, feed barley on Agfinity.com ranged from C$3.45 per bushel FOB Valleyview and Leduc, to C$4.55 per bushel FOB Beiseker.
Conditions for corn growth in the Black Sea region country of Belarus are less favourable than a year ago, according to agriculture consulting firm UkrAgroConsult. Temperature fluctuations are hampering green mass buildup, with most corn plants showing 9-11 leaves. Crops planted in late May or early June show seven leaves, said UkrAgroConsult.
Plants appear in good condition, but plant height appears shorter than in early July last year, the firm said.
Corn closed today 15.75 cents U.S. lower at US$3.69.75 for the September contract and US$3.83 for December, also a decline of 15.75 cents U.S. The losses follow a USDA report released yesterday that showed strong global stockpiles.
