The United States increased soybean exports last week. Brazil lowered its coffee production forecast for this year.
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The USDA released weekly export sales data from September 8 to September 14, showing that the weekly net export sales of wheat in the 18-year period since June were 307200 metric tons, down 3 per cent and 24 per cent respectively from the previous week and the past four-week average. of this total, 77900 metric tons were sold to the Philippines. Wheat exports (shipments) of 427700 metric tons a week were 3 per cent and 9 per cent lower than the average of the previous week and the past four weeks, of which 119900 metric tons were shipped to the Philippines. In 2016, US wheat exports rose 36 per cent a year to 26512800 metric tons.
Since September, the weekly net export sales of corn in 2017 / 18 fell to 526900 metric tons from 1046700 metric tons in the previous week, of which 264100 metric tons were sold to Mexico. Corn exports (shipments) fell to 703700 metric tons that week from 714600 metric tons in the previous week, of which 366100 metric tons were destined for Mexico. In 2016, U. S. corn exports rose 19% a year to 55394769 metric tons.
Since September, the weekly net export sales of soybeans in Sept. 18 increased to 2338100 metric tons from 1612400 metric tons in the previous week, of which 1403200 metric tons were sold to Chinese mainland. The weekly export volume of soybeans (shipments) decreased to 944900 tonnes from 1151500 tonnes in the previous week, of which 686300 tonnes were shipped to Chinese mainland. In 2016, U. S. soybean exports rose 14% annually to 58117700 metric tons.
Mainland imports of soybeans reached an all-time high of 8.45 million tons in August 2017, as improved profits boosted import demand from buyers, according to Chinese customs data. Mainland soybean imports rose 10.2 per cent in August from 7.67 million tons in the same period last year, but down 16.2 per cent from a record high of 10.08 million tons in July. From January to August this year, the mainland imported 63.34 million tons of soybeans, up 16 percent from 54.67 million tons in the same period last year. The USDA monthly report raised the mainland's soybean import forecast for the year 2017 by 1 million tons to 95 million tons.
Brazil's Ministry of Agriculture has cut its forecast for coffee production this year by 790000 packets to 44.77 million packets (60 kilograms each), mainly due to wet weather and Arabica coffee pests, Agrimoney.com reported on September 21. Brazil's Ministry of Agriculture cut this year's Arabica coffee production forecast by 1.36 million to 34.07 million packets, which will be 22% lower than last year's production. Robusta coffee production is expected to increase by 568000 packets to 10.71 million packets, but this will still be the second lowest level in the past decade, only higher than last year's output, which was severely affected by drought. Brazil is nearing the end of its coffee harvest this year.
According to the monthly report of the International Coffee Organization (International Coffee Organization, ICO), the prospects for coffee production in Vietnam in 2017 and Brazil in 2018 are quite positive. Brazil and Vietnam are the world's largest producers of Arabica coffee and Robusta coffee respectively, and they are the two largest coffee producers in the world. Global coffee exports rose 11 per cent to 9.4 million bales a year in July and more than 100m bales in the first 10 months of 2016 since last October, 5.7 million more than in the same period last year, the report said.
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