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NW Indiana | To meet the current soybean projections we need to sell another 9.97mmt before the end of the marketing year. We need to ship 23.77mmt with 25 weeks to go. So sales need to average 400k(looks like next week will be a descent number with the 926k purchase from china on the 11th). Shipments need to average 950k. Last year from this point on we sold 9.5mmt so would seem very doable to sell 9.97.
Corn we need to ship 33.41mmt and sell 19.57mmt to meet the projections. So basically we need to ship 1.33mmt and sell 782k a week. Last year we sold 16.92mmt so sales are behind. Shipments are well ahead of last year but sales need to pick up. Thoughts are the safrinha crop has a great start, that was due to drier planting conditions. Does it pan out and they get a big crop or with their wet season behind them does the critical April/may timeframe get too dry?? Sales might be very dependent on updates from Brazil. | |
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Export sales update
