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| Going thru these numbers by country, China & Egypt are significantly above normal buyers in soybeans, while s. korea, mexico, taiwan, indonesia, thailand & s. korea are behind normal so the question on the table is....are they going to come to the party later?
Same for corn, Taiwan & Canada, which are good routine customers are behind schedule & a little bit of the same in wheat.
For example Israel is 138% above what I view as normal in corn & Chile and S. Arabia are 200% of normal.
I am sure some have commitments to SA, but I doubt for all of their estimated needs. I also notice some countries are buying smaller quantities sometimes & below the export report limit; Point is, while our exports are very strong, a few of these countries are substantially above their 5-year average use..and with these strong exports to-date raises some suspicion in my mind some of these other regular customers are perhaps waiting for some price decline & we may well hear from them later. The other thing I notice, a couple of countries last week booked in amounts below the reporting limit & simultaneously increased actual shipments suggesting they are in the spot market as well. Also seeing some action from the small countries who I group in the "other" category as they are not usually that significant.
Some of these people are going to have to come to someone's table sooner or later.
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Exports.
