Friday, March 21, 2008

Us Exports Rise on Falling Dollar

US cotton exports up 10% during Mar 7-13

As per the United States Department of Agriculture (USDA), export of cotton from US stood at 230,600 RB, up 10% from the previous week (March 7-13, 2008) and 9% from the prior 4-week average.

The primary destinations were China 73,100 RB, Turkey 27,800 RB, Mexico 25,200 RB, Indonesia 19,400 RB, Thailand 14,800 RB, and Colombia 10,300 RB.
Net American Pima sales of 14,100 RB were primarily for Pakistan 3,400 RB, India 2,200 RB, China 2,200 RB, and Taiwan 1,800 RB.
Exports of 26,700 RB were mainly to India (8,300 RB), Pakistan 5,800 RB, Indonesia 2,300 RB, South Korea 2,300 RB, and China 2,000 RB.

During the above mentioned period, net upland sales in the US amounted to 184,900 running bales, four and one-third times the previous week, but 10% below the prior 4-week average.

Increases were mainly for China 56,600 RB, Turkey 32,000 RB, Indonesia 31,700 RB, Thailand 20,300 RB, and Japan 17,000 RB. Net Upland sales of 11,000 RB for delivery in 2008/09 were for Indonesia 7,900 RB, Mexico 2,200 RB, and Guatemala 800 RB.

Note: 1 Bale = 480 pounds approx. 272.72 kilograms

US corn exports rise 39% during Mar. 7-13

As per the United States Department of Agriculture (USDA), exports of corn from US during the period from Mar. 7-13, 2008, stood at 1,472,800 MT, 39% above the previous week and 17% over the prior 4-week average.

The primary destinations were Japan 374,100 MT, South Korea 161,800 MT, Mexico 161,100 MT, Israel 123,100 MT, Taiwan 101,200 MT, and Morocco 76,400 MT.

During the above period, net sales of corn in the US stood at 749,500 metric tons, 3% under the previous week and 5% below the prior 4-week average.

Increases were reported for Japan 399,700 MT, Mexico 107,400 MT, including 7,600 MT switched from unknown destinations and decreases of 63,800 MT, Israel 100,000 MT, including 96,200 MT switched from unknown destinations and decreases of 2,400 MT), South Korea 76,900 MT, including 55,000 MT switched from unknown destinations and decreases of 3,000 MT, Costa Rica 71,600 MT, including 10,000 MT switched from Guatemala, and Taiwan 68,800 MT, including 46,000 MT switched from South Korea, were partially offset by decreases for unknown destinations 422,300 MT and Guatemala 42,300 MT.
Net sales of 31,200 MT for delivery in 2008/09 were mainly for Costa Rica 23,200 MT and Mexico 10,000 MT.

US wheat exports rise 12% during Mar. 7-13

As per the United States Department of Agriculture (USDA) export of wheat from US during the period Mar.7-13, 2008 at 64,300 MT, 12% above the previous week 7% over the prior 4-week average.

The primary destinations were Egypt (129,200 MT), Mexico (95,700 MT), Indonesia 59,600 MT, Iraq 51,400 MT, Nigeria 27,500 MT, Algeria 26,500 MT, and Morocco (25,500 MT).

During the above mentioned period net sales of wheat in US stood at 17,400 metric tons resulted as increases for Egypt 69,200 MT, Japan 43,300 MT, Brazil 21,000 MT, El Salvador 19,700 MT, Guatemala 17,300 MT, and Mexico 15,200 MT, were partially offset by decreases for Algeria 123,500 MT and unknown destinations 76,600 MT.

Net sales of 151,000 MT for delivery in 2008/09 were mainly for the Philippines (79,200 MT), Mexico 28,000 MT, Japan 25,000 MT, and unknown destinations 20,000 MT. Decreases were for Algeria 25,000 MT and the United Kingdom 5,300 MT.


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