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Where we sit with bean exports plus other data
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farmer4321
Posted 1/31/2019 18:10 (#7288435 - in reply to #7288337)
Subject: RE: Last week, inspections showed


Last week, inspections showed 929K MT exported. Of that 342K MT went to China proper, leaving us with 587K to other customers. This week a little less than a 1 MMT , last week a little more than 1 MMT. The 300K to 400K MT going to China really helps. If we were to maintain the roughly 600K MT per week to non-china for the next 8 months then we could possible do 36 MMT (16.8 as of 12/20/18) plu s(19,8 for the next 8 months ). As of today we know of about 8.5 MMT to China. So, very roughly at this point we might do 45 MMT this year. That assumes non-China keeps buying at the 600K MT level for the remainder of the market year. That compares with 57 MMT last year.
That assumes non-China continues to buy from us rather than Brazil but now that Brazil's beans are cheaper, that might not be the case.
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