A sharp decrease in export sales downs of the prices of wheat, corn and soy

the Failed results of the weekly export sales in the U.S. continue to lower the price of wheat, corn, and even soy. In recent weeks, the experts recorded the absence of strong demand for U.S. wheat and corn, but the data of yesterday's USDA report was worse than expected.

Export sales of US corn for the week (25 Feb) decreased by 4 times to 15.9 million tonnes, but only in the season amounted to 43.5 million so the Actual exports for the week rose to 2 million tonnes, but only in the season was quite small for the first half of the season 26.2 million tons in the USDA forecast for 2020/21 MG 66 million tons.

After the price of oil may futures rose slightly yesterday, but after the publication of the report on export sales dropped to 210 $/t

Export sales of wheat from the U.S. last week increased by 30% to 219,2 thousand tons, which corresponds to the lower boundary of the expert expectations 200-500 thousand tons in Total, the season was exported 23,75 million tons of wheat, which is 2.6% higher than the corresponding figure of last year, although a week ago, the sales were 4.1% higher than last year. Actual wheat exports for the week rose to 407,5 kt, and just season 17.6 million tons projected by the USDA of 26.8 million tonnes So for 3 months in the United States should export 9 million tons of wheat, or 650 thousand tons weekly.

the Wheat exchange USA yesterday was upset not only the poor export sales, but the strengthening of the dollar, which affects the future prospects of export.

Mais quotes in the U.S. fell:

• by 1.84 $/t to 239,20 $/t for SRW soft winter-wheat in Chicago,
• by 1.84 $/t to 228,17 $/t for solid winter HRW wheat in Kansas city.

Solid spring HRS wheat in Minneapolis rose 0.18 $/t to 236,44 $/t on the background of the tender in Algeria.

Algerian Agency OAS at the tender March 4, acquired 280 thousand MT of hard milling wheat production in North America, with delivery in April at a price 372-373 $/t C&F.

For the week, the export sales of soybeans from the United States has risen sharply since 98,8 to 334 thousand tons, and the actual exports of soybeans, with 984 kt to 1.16 million tonnes Since the beginning of the season already exported 52,68 million tons projected by the USDA 65.5 million tons of soybeans, which increases competition between processors and exporters.

Analysts expect that in the March WASDE report, the experts will again reduce the estimate for ending stocks of soybeans in the United States that will increase pressure on prices. Following the increase in oil prices, the may soybean futures first increased slightly and then dropped to 520 $/t, which corresponds to the opening of trading.