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vrbuck
Advisor

weekly export inspection

and its a clanker,  it is really pathetic this week.

 

http://www.ams.usda.gov/mnreports/wa_gr101.txt

 

only 22,216 for the week.  still trying to find where it says china bought corn because shippments don't show it.

 

we have 919,676 cummulative shipments for the year divided by week 30 only brings a pace of 30655.87

 

wasde weekly pace is 32,075 per week with a totla of 1700. 

 

any way you cut it demand isn't there for corn.  with all ports open i would have thought more would be shipped out.

 

Last week I made a mistake in my totals, shoot me Im human.   last weeks cummulitive total was 897460 divided by week 29 equals 30946.89  not the even numbers and on pace numbers quoted.

 

Lets see Sudermans "seasonal accumulation totals" work because these are slipping and I don't believe in a season shipping pace anyway.  Just read it an it now says nothing about seasonl shipping paces, just that its on the " soft " side.

 

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10 Replies
Buckley_HF
Senior Contributor

Re: weekly export inspection

"any way you cut it demand isn't there for corn". Do u pay attention to national basis levels? Here in central IL basis levels are at tremendous levels, even compared to last year, and it's only march. Ask the boys in Decatur if they need corn. Its TIGHT all over. I'll agree with you last couple of weeks actual shipments have been soft. But to simply say demand isn't there for corn is a statement that almost disqualifies you for posting on this site.
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roarintiger1
Honored Advisor

Re: weekly export inspection

That "clanking" you hear might just be the bin augers,  clanking because they are empty.

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vandenplas
Senior Contributor

Re: weekly export inspection

Are only bulls allowed to post here?

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vrbuck
Advisor

Re: weekly export inspection

I think its the sound of farmers clanking the phone down when the hang up on processers and endusers because they want 7.50 corn again.  I think the corn is in the bin but farmers aren't taking advantage of the basis.  Another version of "hammer marketing".

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vrbuck
Advisor

Re: weekly export inspection

we are behind 1420 per week from the wasde projections multiply that from 53 weeks and you get 75260.  or in wasde terms total exports for the year of 1625.  now start seeing cutbacks in ethanol production that is expected and  you have additions in carryout next year over 125 milllion bushel over current projections.. 

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Hobbyfarmer
Honored Advisor

Re: weekly export inspection

vr; do you work for the USDA reporting service? Or are you trying to get on?

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vrbuck
Advisor

Re: weekly export inspection

It is amazing that corn dropped 8 cents under after I reported the export inspeciton report.

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farsider
Senior Contributor

Re: weekly export inspection

That's nothing, I moved it just by thinking about selling some today. LOL!
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Hobbyfarmer
Honored Advisor

Re: weekly export inspection

Actually I did it ... Yesterday I bought my wife's an I;s birthday present and this morning at 10:00ish I sold two loads of corn to pay for it

 

sorry about creating that little unexpected flood of corn in the market.

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