Sales for 2018/19 are 41.9 mmt behind
United States export sales are reported weekly by the Foreign Agricultural Service. Selected data from the latest release is reported below along with analystical tools developed by CropReports.com. The report is normally released every Thursday at 8:00 AM EDT, except for when there is a holiday in the release week. This page is automatically updated with the latest report data.
Data from the Foreign Agricultural Service
For the week ending Mar 14, 2019 the Foreign Agricultural Services reported new net corn sales of 855,900 metric tons for the 2018/19 marketing year, and 60,000 metric tons for the 2019/20 marketing year. This is the 61st week reported for 2018/19 and the 10th week of the current marketing year which started Sep. 1st, and ends Aug. 31st, 2018.
Corn export sales are currently 41.9 million metric tons (MMT) behind of the current USDA export prediciton of 62.23 MMT. The green pace line in the chart below shows predicted weekly sales, seasonally adjusted, to equal the current USDA export prediction. If a week's actual sales are higher than the green line, then that week's sales are larger than expected. If a week's sales are lower than the green line, then sales are less than expected. Charts for both the current, and next, marketing year are displayed below.
USDA
62.23
62.23
Green
20.33
0.85
Blue
20.33
0.85
Actual
855,900
60,000
Green
0
0
Blue
0
0
Sales
20.33
0.85
Carry-Over
0.00
0.00
Commitments
20.33
0.85
Weekly export sales exhibit seasonal trends throughout the year. The Green Pace is the seasonal sales pace over the last 10 years scaled to the current USDA exports. Although there is an obvious seasonality in sales, there is a large variation in sales for any given week. The green band around the seasonal green pace gives a loose sense of a normal range for a given week.
The blue pace is the same seasonally adjusted average as the green pace, but is scaled to the last 4 weeks sales, instead of the USDA export prediction. This shows whether recent sales have been stronger or weaker than the USDA prediction.