Weekly Export Sales Report- 5/5/22- High Level of Corn Shipments Last Week

On this week’s USDA Weekly Export Sales Report, we saw 59.9 million bushels (mb) of corn, 42.0 mb of soybeans and 6.0 mb of wheat were sold during the week ended April 28, 2022. These totals are old and new crop sales combined. China was the featured buyer of U.S. corn at a net 18.3 million old-crop & 24.1 million new-crop bushels. China was the featured buyer of U.S. soybeans at a net 7.4 mln old- & 9.8 mln new-crop bushels; Unknown destinations bought a net 11.6 mln old- & 4.4 mln bu of new-crop. Spain was also the featured buyer of grain sorghum with 3.4 million bushels.

Last week’s corn export shipments of 75.0 mb were above the 50.8 mb needed each week to achieve USDA’s export estimate of 2.500 billion bushels (bb) in 2021-22. Last week’s export shipments of 20.7 mb were slightly below the 21.1 mb needed each week to achieve USDA’s export estimate of 2.115 bb in 2021-22.

Read the full weekly export sales report here: https://apps.fas.usda.gov/export-sales/highlite.htm

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