Posted 4/11/2019 19:38 (#7433993) Subject: Bean exports wk of 4/1
Net new sales, 270,000 MT, another pathetic week, total sales this mkt year 43,9 MMT. The good news, 133,000 MT sold earlier this week to unknown buyers.
The simple truth is, exclusive of sales to China, we've been averaging about 261,000 MT or new sales per week. With 18 weeks left in the market year that's 4.6 MT. that to our 43.9 MT and it only makes 48.5 MT, well short of the 51.7 goal and we never manage to ship all the outstanding sales anyhow.
Let's hope the Chinese throw us a bone a few more times before the new market year begins.