FI Evening Grain Comments 10/20/22

PDF Attached

 

Private
exporters reported the following sales activity:

-201,000
metric tons of soybeans received in the reporting period for delivery to China during the 2022/2023 marketing year

-132,000
metric tons of soybeans for delivery to unknown destinations during the 2022/2023 marketing year

 

Soybeans
and grains were higher from technical buying and ongoing Black Sea shipping concerns. Oil/meal spreads reversed sending soybean oil lower. USDA export sales were good for soybeans and meal, poor for corn and wheat. Soybean oil sales were status quo. The 7-day
US precipitation outlook shows and improvement in rainfall across the central US.

 

 

Weather

 

 

 

World
Weather, INC.

MOST
IMPORTANT WEATHER OF THE DAY

• Eastern
  Australia is still expecting waves of rain through the end of this month
• Today’s
  outlook has reduced some of the intensity of rain, but it will remain too wet for wheat, barley and canola and the wet and cool bias may lead to planting delays  in November if there is no break
• Western
  Australia crop weather remains nearly ideal with high yields and good crop quality expected.
  
• Argentina
  rainfall Wednesday was greatest from Cordoba to eastern Chaco, Corrientes and Entre Rios
• Amounts
  varied widely with 0.40 to 1.60 inches common from northern Cordoba to eastern Chaco and northwestern Corrientes
  
• Rainfall
  elsewhere was lighter and more sporadic with no rain in interior southern Santa Fe and southern Entre Rios as well as in the southern three fourths of Buenos Aires
• Temperatures
  were seasonable
• Argentina
  weather will continue favorably mixed over the next ten days with alternating periods of rain and sunshine
• Wettest
  in the northeast part of the nation
• Early
  November weather should trend drier than usual once again
• Brazil
  weather will be favorably mixed over the next ten days
• Needed
  rain is expected in eastern Mato Grosso, Goias, Tocantins, Bahia and Minas Gerais, although follow up moisture will be very important in ensuring that dryness does not return later this month or in November
• La
  Nina is still close to its peak of intensity, but a slow weakening trend has commenced
  
• Accelerated
  weakening is expected in November with the most aggressive weakening advertised for December into February
• A
  tropical cyclone will evolve over the Bay of Bengal during the next few days and will impact Bangladesh, northwestern Myanmar and far eastern India during the early to middle part of next week
  
• Damage
  potential to crops may be low, but the storm has not formed yet leaving plenty of potential for change in the next few days
• South
  Africa rainfall will be increasing in the next week to ten days supporting aggressive early season planting of most coarse grain, oilseed and cotton crops
• The
  precipitation may disrupt wheat, barley and canola harvesting, but the bulk of those crops are produced farther to the west where rainfall should be infrequent, brief and light.
  
• Eastern
  China’s weather is not changing much with net drying likely in many areas during the next ten days
• Some
  rain will fall in the upper Yangtze River Basin benefiting soil moisture and supporting some rapeseed planting activity
• Lower
  portions of the Yangtze River Basin is still in need of rain – especially areas south of the river in southeastern portions of the nation
• China’s
  summer crop harvest has progressed well in recent weeks after seasonal drying kicked in
  
• Little
  change is expected for a while
• Xinjiang,
  China harvest weather should be favorable for most of the coming week with limited rainfall and seasonable temperatures
• Seasonably
  dry weather will continue in China’s North China Plain and Yellow River Basin
• Europe
  weather will continue wettest in the west and northern parts of the continent while dryness prevails in the southeast
• Europe’s
  southern Balkan region has the greatest need for rain – especially the lower Danube River Basin which remains in drought
• Soil
  moisture and water supply improvements are likely in northwestern Europe
• Western
  CIS weather will remain well mixed over the next ten days to two weeks supporting winter crops as they await dormancy
• North
  Africa weather has trended drier again after some beneficial moisture occurred earlier this month
• U.S.
  northern Plains and eastern Canada’s Prairies will be impacted by rain and snow this weekend into early next week
• The
  season’s first significant snow event may impact a part of Montana, western North Dakota, southeastern Saskatchewan and western Manitoba Sunday into Tuesday
• Canada
  Prairies harvest progress has advanced well in recent weeks with late season crops performing better than expected due to warm and dry biased conditions in recent weeks
• U.S.
  central and southwestern Plains will miss out on “significant” precipitation events for a while
• A
  weather disturbance late this month may bring some needed moisture to a part of Nebraska, northern Kansas and northeastern Colorado, but most other areas in the production region will not be impacted by much more than sporadic showers
• The
  late month disturbance is expected to bring a little moisture to a part of the region, but no general soaking is expected
• U.S.
  river levels are not likely to respond well to the rain events coming up in the next two weeks
  
• A
  frontal system expected late this weekend into early next week will generate a little rain, but resulting amounts will not likely be enough to seriously change water levels on the navigable rivers
• This
  system will attempt to tap into moisture from a tropical cyclone that will be moving into west-central Mexico Sunday or Monday, but World Weather, Inc. is not confident that the moisture plume will be great enough to bring serious rainfall to the Delta and
  the timing of the mid-latitude frontal system and the tropical moisture may not line up ideally to improve lower Mississippi River water levels
  
• A
  second frontal system expected late this month might generate a little more moisture, but it is too far out in time to have much confidence
• U.S.
  Delta and southeastern states will see a favorable mix of rain and sunshine for most crop needs
• Harvesting
  of summer crops should advance faster after this week’s frost and freezes
• U.S.
  Midwest summer crop harvest and winter crop planting will advance well around brief bouts of rain. Planting moisture should be favorable following the two frontal systems expected between now and the end of this month
• U.S.
  Pacific  Northwest will have opportunity for rain and/or snow this weekend and infrequently during the following week
• The
  moisture boost may benefit some winter crop areas, but the Yakima Valley and portions of central Oregon may not get the kind of rain that is needed to support crops
• Follow
  up rain will be a must
• Montana
  will receive some rain and snow briefly Friday into the weekend
• The
  moisture will be welcome for improved winter crop emergence and establishment, although more will be needed to establish a good stand of wheat
• Eastern
  Canada’s Prairies will see some rain and snow late this weekend and early next week that may help improve topsoil moisture
• Manitoba,
  far southeastern Saskatchewan, Minnesota and North Dakota will be most impacted.
  
• Some
  disruption to late season fieldwork is expected
• This
  moisture is needed for use in the spring of 2023
• Other
  areas in the Prairies are not likely to receive much moisture, although some areas in southwestern and far southern Alberta will get a little rain and snow briefly Friday into the weekend
• Quebec
  and Ontario, Canada crop areas have received rain frequently enough to slow farming activity in recent weeks, but less frequent and less significant rain is expected for a while and that may improve field progress.
  
• Frost
  and freeze conditions occurred this morning in the southeastern United States
• Temperatures
  were cold enough in the past two mornings to end the growing season in much of the U.S. Delta, and in much of the interior southeastern states
• Some
  of the freezes were notably earlier than usual bringing some damage immature summer crop quality from the Tennessee River Basin southward into the Delta and interior southeastern states
• Interior
  Thailand and northern Laos will experience limited rainfall over the next ten days
• Rain
  will fall in Cambodia and much of Vietnam during the next ten days with some moderate to locally heavy rainfall possible
• Flooding
  rain is also possible in northern Myanmar because a tropical cyclone due into the region early next week
  
• Indonesia,
  Malaysia and Philippines will experience frequent rain, but not much excessive rain
• Local
  flooding will still be possible, but no widespread serious problems are anticipated
• North
  Africa will be dry over the next ten days
• Recent
  rain improved topsoil moisture in several areas, but much more rain is needed
  
• A
  multi-year drought remains in Morocco
• The
  greatest rainfall in recent weeks has been in northern Algeria with central parts of the region experiencing adequate topsoil moisture for the first time since last winter.
• West-central
  Africa rainfall will occur periodically enough to support coffee, cocoa, sugarcane, rice and other crops during the next couple of weeks
• The
  precipitation will be greatest in the south with Cameroon getting some heavy rainfall
• There
  is a southward shift in seasonal rainfall occurring which should be helping to support maturing cotton in the north
• East-central
  Africa rainfall will be sufficient to support coffee and cocoa as well as a few other crops
• Southern
  Ethiopia and Uganda will be wettest
• Limited
  rainfall is expected in Tanzania
• Mexico
  rainfall will be greatest in the south and east through the next ten days
• A
  developing tropical cyclone along the lower west coast will become a tropical storm in the next day or two and it will follow the coast of Guerrero, Michoacan and Jalisco before moving inland over southern Sinaloa and Nayarit
• Some
  very heavy rain will fall near the point of landfall with flooding expected along with some high wind speeds
• Central
  America rainfall will continue periodically maintaining abundant soil moisture
• Today’s
  Southern Oscillation Index was +19.82 and it will move lower over the next few days

Source:
World Weather INC

 

Bloomberg
Ag Calendar

Thursday,
Oct. 20:

• China’s
  third batch of September trade data, including soybean, corn and pork imports by country
• USDA
  weekly net-export sales for corn, soybeans, wheat, cotton, pork and beef, 8:30am
• International
  Grains Council report
• Malaysia’s
  Oct. 1-20 palm oil export data
• USDA
  total milk, red meat production, 3pm

Friday,
Oct. 21:

• ICE
  Futures Europe weekly commitments of traders report
• CFTC
  commitments of traders weekly report on positions for various US futures and options, 3:30pm
• Asia
  3Q 2022 cocoa grind data
• FranceAgriMer
  weekly update on crop conditions
• US
  cattle on feed, 3pm

Source:
Bloomberg and FI

 

USDA
export sales

Excellent
soybean (2.336MMT) and meal sales (542,300MT), as expected. Soybean oil sales were 9,300 tons but an improvement from previous week. Corn sales were low at 408,300 tons, and well below average for this time of year, in part to US Midwest River logistical concerns
and strong USD. All-wheat was poor at 163,100 tons. Pork sales were good at 40,800 tons.

 

The
soybean export sales of 2.336 million tons for 2022-23 were primarily for China (1,976,200 MT, including 436,000 MT switched from unknown destinations and decreases of213,700 MT). Europe was also active with Netherlands, Spain, UK, and Italy.

 

The
soybean meal sales of 542,300 tons were primarily for the Philippines (190,200 MT, including decreases of 45,000 MT), unknown destinations (88,000MT), Denmark (45,000 MT), Ecuador (40,000 MT), and Canada (39,200 MT).

 

 

 

 

CME
Group is resting price limits
for many agriculture commodities. PDF is attached or visit https://www.cmegroup.com/notices/ser/2022/10/SER-9081.html

 

US
RIN generation versus last year

U.S.
GENERATED 501 MLN BIODIESEL (D4) BLENDING CREDITS IN SEPTEMBER, VS 453 MLN IN AUGUST -EPA

U.S.
GENERATED 1.13 BLN ETHANOL (D6) BLENDING CREDITS IN SEPTEMBER, VS 1.27 BLN IN AUGUST -EPA

 

vs.
2021

 

U.S.
GENERATED 385 MLN BIODIESEL (D4) BLENDING CREDITS IN SEPTEMBER, VS 421 MLN IN AUGUST -EPA

U.S.
GENERATED 1.16 BLN ETHANOL (D6) BLENDING CREDITS IN SEPTEMBER, VS 1.21 BLN IN AUGUST -EPA

 

Macros

UK
PM Liz Truss resigned

US
Initial Jobless Claims Oct 15: 214K (est 232K; prevR 226K)

US
Continuing Claims Oct 8: 1385K (est 1380K; prevR 1364K)

US
Philadelphia Fed Business Outlook Oct: -8.7 (est -5.0; prev -9.9)

US
Existing Home Sales Change Sep: 4.71M (est 4.70M; prev R 4.78M)    

–
Existing Home Sales (M/M): -1.5% (est -2.1%; prev R -0.8%)    

US
Existing Home Sales -23.79% YoY

–
Median Home Price (Y/Y) (USD): 384.8K or +8.4% (prev 389.5K or +7.7%)

US
Leading Economic Index (M/M) Sep: -0.4% (est -0.3%; prev

99
Counterparties Take $2.234 Tln At Fed Reverse Repo Op (prev $2.227 Tln, 99 Bids)

 

Corn

·        
Corn futures
rallied despite slow US export sales pace. Cuts for EU corn production estimates and higher outside related markets lent support. Renewed Black Sea shipping concerns was noted. Water levels along the Mississippi River hit historic lows at many gage locations.

 

 

 

·        
Funds bought an estimated net 5,000 corn contracts.

·        
Strategie Grains lowered their outlook for the EU corn crop to 50.4 million tons from 52.9 million projected in September and compares to USDA’s official 56.2-million-ton estimate. They increased imports to 23 million tons from
21.4 million previous. We agree with the import estimate. USDA projected EU corn imports for 2022-23 at 20 million tons.

·        
IGC lowered their estimate for the 2022-23 world corn crop by 2 million tons to 1.166 billion tons, below 1.217 billion prior season. USDA is at 1.169 billion tons. IGC sees a 53.5-million-ton crop for the EU versus 56.2 million
previously.

·        
The BA grain exchange lowered their Argentina corn crop area estimate to 7.3 million hectares from 7.5 million previous.

·        
The Midwest is expected to see rain later this week
bias western areas Sunday. The 7-day US precipitation outlook shows and improvement in rainfall across the central US. US temperatures will significantly warm up next week bias upper Midwest, ideal for fieldwork progress.

·        
China plans to sell 20,000 tons of pork from reserves on October 21.

·        
Rallies in corn futures are seen limited over the short term based on US harvest pressure, allow US corn shipments, and a questionable US feed demand outlook by USDA. We are optimistic total US animal units for the 2022-23 corn
crop year will be robust, but some sectors are under threat from disease and negative margins.

·        
Bird Flu outbreaks are increasing at a rapid pace, after a surge in cases earlier this year. CDC estimates 47.7 million birds have died from the infection or been culled since early 2022. Cases have been reported in 42 states,
283 counties. At 47.7 million, this figure is close to the deadliest outbreak in 2015 when 50.5 birds perished. MN has been the hardest hit state this year.

 

 

Export
developments.

·        
None reported

 

 

Updated
10/09/22

December
corn is seen in a $6.50-$7.15 range. March $6.50-$7.50 range.

 

Soybeans

·        
CBOT soybeans ended higher following strength in US energy markets, lower USD and higher soybean meal. Soybean oil ended lower from profit taking in recent oil/meal spreading. 

·        
USDA reported soybean sales to China and unknown destinations.

·        
Funds bought an estimated net 7,000 soybeans, bought 5,000 meal and sold 1,000 soybean oil.

·        
France will send 40,000 tons of rapeseed to the US this week, a rare shipment. We are unsure what prompted the import tender but some sources cite ample EU supplies. It’s likely headed to a US canola crush facility, possibly through
the Great Lakes.

·        
The weather outlook this morning for Argentina and Brazil improved. Argentina will see rain through Saturday before turning dry through Monday. Rain will increase in northern Brazil next week.

·        
Cargo surveyor SGS reported month to date October 20 Malaysian palm exports at 872,508 tons, 80,380 tons below the same period a month ago or down 8.4%, and 47,577 tons below the same period a year ago or down 5.2%.

·        
AmSpec reported October 1-20 Malaysian palm exports at 895,522 tons versus 866,984 tons for the same period during September. ITS reported a 4 percent decline.

·        
ADM looks for 2022-23 Brazil soybean production at a record 152.4 million tons, a 21 percent increase from the 2021-22 season. USDA is at 152.0 million versus 127.0 for 2021-22.

 

Export
Developments

• USDA
  reported private exporters reported the following sales activity:

-201,000
metric tons of soybeans received in the reporting period for delivery to China during the 2022/2023 marketing year

-132,000
metric tons of soybeans for delivery to unknown destinations during the 2022/2023 marketing year

 

 

Updated
10/19/22

Soybeans
– November is seen in a $13.25-$14.50 range, January $13.25-$15.00

Soybean
meal – December $375-$430, January $360-$475

Soybean
oil – December 65.00-75.00, January wide 60.00-73.00 range

 

Wheat

·        
Volatile trade in wheat today. Technical buying kicked off the buying. A lower USD, strong global import demand and a cut in the Argentina production added to the positive undertone. Black Sea shipping concerns linger with rumors
ships will not be able to enter selected Ukraine ports around November 5, allowing for current ships to finish up loadings and inspections before departing the region before the end of the safe passage agreement, set to expire around November 19. Russia, Ukraine
and Turkey are still in talks to extend the agreement, but public details on how negotiations are progressing have been scarce. Bloomberg noted Russia would like to have the pipeline that delivers ammonia to Odesa port for shipment reopened. Russia ideally
would like some western sanctions to be lifted.

·        
Keep an eye on the Ukraine cash market from November 1 beyond. Currently not much is offered as of today.

·        
Funds today bought an estimated net 3,000 Chicago wheat contracts.

·        
Argentina’s Rosario grains exchange lowered their Argentina wheat crop to 15 million tons, down from 16 million previous  (23 MMT last year) and compares to USDA’s official is at 17.5 million tons.

·        
The BA grain exchange lowered their Argentina crop estimate to 15.2 million tons from 16.5 million previous.

·        
Paris December wheat was up 3.25 euros at 338.75 per ton.

·        
Ukraine’s AgMin noted grain exports during the first few weeks of October have returned back to pew-war levels. 2.13 million tons of grain were exported during October 1-17, compared to 2.18 million tons in the same period in
2021. But season to date exports are running 35% below the previous season.

·        
The US Great Plains will see net drying through Saturday. NE, northern CO and eastern Kansas will see rain Sunday.

·        
China will auction off 40,200 tons of wheat from state reserves on October 26. They sold 41,359 tons on October 12.

·        
Pakistan will not allow private companies to import wheat as stocks are sufficient. They are still searching for alternative wheat supplies.

 

 

Export
Developments.

·        
Saudi Arabia’s SAGO seeks 535,000 tons of wheat for March and April shipment on October 21. It includes 12.5% protein hard milling wheat.

·        
Japan bought 97,482 tons of food wheat from the US, Canada, and Australia for arrival by Jan 31.

·        
Turkey seeks 495,000 tons of wheat on October 21 for November through FH December shipment.

·        
Pakistan seeks 500,000 tons of wheat on October 26.

·        
Jordan reopened another import tender for barley set to close October 26.

·        
Iraq is in for 50,000 tons of wheat on October 24, valid until October 27.

·        
Jordan seeks 120,000 tons of wheat on October 25 after buying 60,000 tons this week at $374/ton c&f for FH March shipment. 

·        
Mauritius seeks 25,800 tons of wheat flour, optional origin, on October 28 for January through September 30, 2023, shipment.

 

Rice/Other

·        
Results awaited: South Korea plans to buy 450,000 tons of rice for reserves this year October 20 through December to stabilize domestic prices. This would be up from 350,000 tons last year.

·        
Results awaited: Mauritius seeks 6,000 tons of rice on October 20, optional origin, for Jan-Mar shipment.

 

Updated 10/19/22

Chicago
– December $8.15-$9.00, March $8.00 to $10.00

KC
– December $9.25-$10.00, March 8.50-$10.50

MN
– December $9.25-$10.25, March $9.00 to $10.50

 

 

USDA export sales
highlights

This
summary is based on reports from exporters for the period October 7-13, 2022.

Wheat:
Net sales of 163,100 metric tons (MT) for 2022/2023 primarily for Mexico (93,500 MT, including decreases of 900 MT), Nigeria (36,000 MT), Algeria (31,500 MT), Japan (27,200 MT), and Colombia (18,700 MT, including decreases of 4,300 MT), were offset by reductions
primarily for Italy (60,000 MT), Panama (20,100 MT), and unknown destinations (10,500 MT).  Total net sales of 22,000 MT for 2023/2024 were for Panama.  Exports of 242,600 MT were primarily to Japan (61,600 MT), South Korea (36,300 MT), Ecuador (33,000 MT),
Honduras (27,500 MT), and Panama (27,300 MT). 

Corn: 
Net sales of 408,300 MT for 2022/2023 primarily for Mexico (183,700 MT, including decreases of 32,900 MT), Japan (77,600 MT, including 37,000 MT switched from unknown destinations), Honduras (47,900 MT, including 7,500 MT switched from Guatemala and decreases
of 17,100 MT), Colombia (30,000 MT), and Panama (22,700 MT), were offset by reductions for Guatemala (7,000 MT).  Exports of 407,200 MT were primarily to Mexico (163,300 MT), China (71,400 MT), Honduras (49,000 MT), Japan (37,000 MT), and Saudi Arabia (30,700
MT). 

Barley: 
No net sales or exports were reported for the week. 

Sorghum: 
Net sales of 11,900 MT for 2022/2023 reported for unknown destinations (10,700 MT) and Mexico (1,600 MT), were offset by reductions for China (400 MT).  Exports of 5,700 MT were to Mexico.

Rice:
 Net
sales of 11,200 MT for 2022/2023 were primarily for Colombia (10,400 MT), Canada (400 MT, including decreases of 200 MT), Mexico (200 MT), the Netherlands (100 MT), and Micronesia (100 MT).  Exports of 7,100 MT were primarily to Canada (2,400 MT), Mexico (1,900
MT), Jordan (1,000 MT), the United Kingdom (900 MT), and Saudi Arabia (500 MT).

Soybeans: 
Net sales of 2,335,600 MT for 2022/2023 primarily for China (1,976,200 MT, including 436,000 MT switched from unknown destinations and decreases of 213,700 MT), the Netherlands (82,800 MT, including 77,000 MT switched from unknown destinations and decreases
of 200 MT), Spain (58,800 MT switched from the United Kingdom), Italy (57,200 MT, including 57,000 MT switched from unknown destinations), and Algeria (43,400 MT, including decreases of 1,600 MT), were offset by reductions primarily for the United Kingdom
(60,000 MT).  Exports of 1,896,800 MT were primarily to China (1,400,700 MT), Mexico (97,800 MT), the Netherlands (82,800 MT), Spain (58,800 MT), and Italy (57,200 MT). 

Optional
Origin Sales:
For 2022/2023, the current outstanding balance of 300 MT, all South Korea.

Export
for Own Account:
For 2022/2023, the current exports for own account outstanding balance is 6,300 MT, all Canada.

Export
Adjustment:
Accumulated exports of soybeans to unknown destinations were adjusted down 43,417 MT for week ending September 29^th.  The correct destination for this shipment is Algeria.

Soybean
Cake and Meal: 
Net sales of 542,300 MT for 2022/2023 primarily for the Philippines (190,200 MT, including decreases of 45,000 MT), unknown destinations (88,000 MT), Denmark (45,000 MT), Ecuador (40,000 MT), and Canada (39,200 MT, including decreases of 400 MT), were offset
by reductions for Belgium (1,400 MT) and Japan (100 MT).  Exports of 161,000 MT were primarily to the Philippines (47,500 MT), Ireland (22,300 MT), Mexico (17,900 MT), Panama (17,500 MT), and Canada (15,600 MT).

Soybean
Oil: 
Net sales of 9,300 MT for 2022/2023 were for Canada, including decreases of 600 MT.  Total net sales of 400 MT for 2023/2024 were for Canada.  Exports of 2,300 MT were primarily to Canada (1,700 MT) and Mexico (400 MT).

Cotton: 
Net
sales of 84,500 RB for 2022/2023 primarily for Pakistan (27,600 RB), Egypt (22,000 RB), China (10,100 RB), Mexico (6,900 RB), and El Salvador (5,300 RB), were offset by reductions for Indonesia (2,500 RB) and Costa Rica (300 RB).  Net sales of 4,400 RB for
2023/2024 were reported for Portugal (2,200 RB) and Pakistan (2,200 RB).  Exports of 165,700 RB were primarily to China (71,700 RB), Pakistan (24,800 RB), Turkey (19,200 RB), Mexico (14,600 RB), and Vietnam (9,000 RB).  Net sales of Pima totaling 100 RB resulted
in increases for China (100 RB) and Japan (100 RB), were offset by reductions for the United Kingdom (100 RB).  Exports of 400 RB were to Turkey.

Optional
Origin Sales:
For 2022/2023, the current outstanding balance of 9,300 RB is for Malaysia.

Export
for Own Account:
For 2022/2023, the current exports for own account outstanding balance of 63,900 RB is for China (37,600 RB), Vietnam (23,900 RB), India (1,500 RB), Pakistan (500 RB), and Indonesia (400 RB). 

Hides
and Skins: 
Net sales of 920,400 pieces for 2022 primarily for China (395,200 whole cattle hides, including decreases of 33,200 pieces), Mexico (362,100 whole cattle hides, including decreases of 5,200 pieces and 297,400 whole cattle hides – late), South Korea (51,200
whole cattle hides, including decreases of 7,600 pieces), Thailand (27,500 whole cattle hides, including decreases of 2,100 pieces), and Turkey (23,600 whole cattle hides, including decreases of 100 pieces), were offset by reductions for Italy (100 pieces)
and Germany (100 pieces).  Total net sales of 3,300 calf skins were for Italy, including decreases of 1,400 calf skins.  In addition, net sales of 3,500 kip skins reported for Belgium (2,900 kip skins) and Canada (1,300 kip skins, including decreases of 1,600
kip skins), were offset by reductions for Italy (400 kip skins) and China (300 kip skins).  Exports of 472,900 whole cattle hides exports were primarily to China (288,400 pieces), Mexico (44,700 pieces), South Korea (36,500 pieces), Thailand (32,100 pieces),
and Brazil (25,100 pieces).  Exports of 1,800 calf skins were to Italy.  In addition, exports of 3,100 kip skins were to China (1,800 kip skins) and Canada (1,300 kip skins).

Net
sales of 174,200 wet blues for 2022 were primarily for Italy (102,800 unsplit and 100 grain splits, including decreases of 2,100 unsplit), Thailand (35,600 unsplit), Vietnam (9,500 unsplit), China (7,900 unsplit), and the Dominican Republic (7,200 unsplit,
including decreases of 800 unsplit).  Net sales reductions of 500 wet blues for 2023 primarily for the Dominican Republic (800 unsplit), were more than offset by reductions for Mexico (2,000 unsplit).  Exports of 116,200 wet blues were primarily to Italy (23,600
unsplit and 4,400 grain splits), Thailand (25,000 unsplit), China (23,600 unsplit), Vietnam (16,000 unsplit), and Taiwan (11,000 unsplit).  Net sales of 396,700 splits were reported for Vietnam (352,700 pounds) and China (44,000 pounds).  Exports of 42,300
pounds were to Vietnam.

Late
Reporting:
For 2022, net sales totaling 297,400 pieces of whole cattle hides were reported late for Mexico.

Beef: 
Net sales of 16,600 MT for 2022 primarily for South Korea (7,100 MT, including decreases of 600 MT), Japan (3,600 MT, including decreases of 300 MT), China (2,000 MT, including decreases of 100 MT), Mexico (1,600 MT, including decreases of 100 MT), and Canada
(800 MT, including decreases of 100 MT), were offset by reductions for Colombia (100 MT).  Net sales of 2,800 MT for 2023 were primarily for Japan (1,600 MT).  Exports of 17,600 MT were primarily to South Korea (4,400 MT), Japan
(4,000 MT), China (3,900 MT), Mexico (1,400 MT), and Canada (1,000 MT). 

Pork: 
Net sales of 40,800 MT for 2022 were primarily for Mexico (14,800 MT, including decreases of 300 MT), Japan (11,000 MT, including decreases of 200 MT), Australia (3,500 MT), Canada (3,100 MT, including decreases of 400 MT), and China (3,000 MT, including decreases
of 100 MT).  Exports of 28,400 MT were primarily to Mexico (13,700 MT), China (4,100 MT), Canada (2,100 MT), Japan (2,100 MT), and South Korea (2,000 MT).

 

U.S.
EXPORT SALES FOR WEEK ENDING  10/13/2022

 

	CURRENT MARKETING YEAR						NEXT MARKETING YEAR
COMMODITY	NET SALES	OUTSTANDING SALES		WEEKLY EXPORTS	ACCUMULATED EXPORTS		NET SALES	OUTSTANDING SALES
		CURRENT YEAR	YEAR AGO		CURRENT YEAR	YEAR AGO
	THOUSAND METRIC TONS
WHEAT
HRW	58.0	703.7	1,640.9	79.0	2,496.2	3,167.2	4.6	6.3
SRW	13.6	454.1	639.2	79.2	1,627.6	1,207.4	6.6	6.6
HRS	105.7	908.7	1,000.9	61.0	2,418.0	2,336.8	10.8	10.8
WHITE	14.3	601.7	642.8	23.4	1,940.9	1,598.8	0.0	0.3
DURUM	-28.5	61.8	42.4	0.0	77.5	61.4	0.0	0.0
TOTAL	163.1	2,730.0	3,966.2	242.6	8,560.2	8,371.7	22.0	24.0
BARLEY	0.0	11.6	23.7	0.0	3.9	6.4	0.0	0.0
CORN	408.3	10,754.6	24,437.8	407.2	3,076.6	4,456.4	0.0	311.0
SORGHUM	11.9	277.3	2,355.2	5.7	33.4	263.6	0.0	0.0
SOYBEANS	2,335.6	25,950.9	23,431.6	1,896.8	4,573.1	5,638.5	0.0	0.0
SOY MEAL	542.3	3,358.8	3,777.0	161.0	271.9	517.8	0.0	1.4
SOY OIL	9.3	26.8	99.5	2.3	2.5	8.5	0.4	0.6
RICE
L G RGH	10.4	73.0	285.7	0.2	73.3	238.1	0.0	0.0
M S RGH	0.0	12.2	7.3	1.3	5.9	1.9	0.0	0.0
L G BRN	0.0	5.9	9.1	0.3	3.7	15.5	0.0	0.0
M&S BR	0.0	5.3	54.3	0.0	2.2	14.2	0.0	0.0
L G MLD	0.0	97.5	77.4	3.6	138.3	204.3	0.0	0.0
M S MLD	0.8	35.3	69.6	1.6	70.6	75.4	0.0	0.0
TOTAL	11.2	229.2	503.3	7.1	294.1	549.4	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	84.5	6,000.6	6,155.7	165.7	2,369.3	1,853.2	4.4	1,082.9
PIMA	0.1	84.9	184.7	0.4	18.6	74.4	0.0	0.9