FI Weekly USDA Export Sales Snapshot 01/06/22

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USDA Export Sales

Poor all around.  Marketing year lows were posted for soybeans, soybean meal, soybean oil, wheat, and beef.

 

Export sales for soybeans were below expectations at 382,700 tons for 2021-22 and a marketing-year low. Increases were primarily for China (353,900 MT, including 264,000 MT switched from unknown destinations and decreases of 3,700 MT), Mexico(183,900 MT, including decreases of 200 MT), Spain (141,100 MT, including132,000 MT switched from unknown destinations), the Netherlands (68,800 MT,  including 60,000 MT switched from unknown destinations), and Germany (64,900MT), were offset by reductions primarily for unknown destinations (625,200MT). New-crop soybean sales were 67,100 MT for unknown destinations (66,000 MT) and Japan (1,100 MT).  Soybean meal sales were a poor 31,500 tons, also a marketing year low and shipments were ok at 228,800 tons.  Soybean oil sales of 2,900 tons, a marketing year low were for Guatemala and El Salvador. 

 

Corn exports sales were only 256,100 MT, down 80 percent from the previous week and 81 percent from the prior 4-week average. There were a number of country adjustments and increases primarily included Canada (150,500 MT), Mexico (115,100 MT), Colombia (90,500 MT, and Japan (81,500 MT).  Sorghum sales of 22,800 MT for 2021/2022 were down 88 percent from the previous week and 93 percent from the prior 4-week average.  China took all 22,800 tons. Net pork sales of19,400 MT for 2021 were up noticeably from the previous week, but down 6percent from the prior 4-week average. Beef sales posted a net reduction of 3,900 tons (a marketing year low).  All-wheat sales of 48,600 tons for 2021-22 were a marketing-year low. 

 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  12/30/2021

	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	42.1	2,095.3	1,459.6	53.2	4,225.9	5,664.8	0.0	14.0
SRW	0.7	689.8	495.1	49.4	1,622.2	1,082.3	2.5	37.0
HRS	0.8	1,221.0	1,753.4	50.2	3,019.0	4,227.6	0.0	0.0
WHITE	4.6	807.3	2,647.0	42.7	2,068.8	2,919.0	0.0	0.0
DURUM	0.4	21.2	100.8	15.4	112.7	488.9	0.0	33.0
TOTAL	48.6	4,834.5	6,455.8	210.9	11,048.6	14,382.6	2.5	84.0
BARLEY	0.0	19.0	13.7	0.0	11.5	16.9	0.0	0.0
CORN	256.1	26,344.1	28,688.1	985.1	14,652.8	15,256.3	0.0	1,512.0
SORGHUM	22.8	3,695.0	3,102.6	74.4	1,613.1	1,985.3	0.0	0.0
SOYBEANS	382.7	11,088.3	15,693.1	1,742.8	30,613.6	38,871.7	67.1	283.1
SOY MEAL	31.5	2,984.0	2,697.4	228.8	3,142.4	3,252.6	0.3	36.2
SOY OIL	2.9	248.1	286.0	42.3	192.6	205.1	0.1	0.4
RICE
L G RGH	12.0	177.0	201.7	1.7	582.3	787.0	0.0	0.0
M S RGH	4.5	10.8	16.2	0.0	2.9	12.7	0.0	0.0
L G BRN	0.1	3.8	9.6	0.3	27.1	22.1	0.0	0.0
M&S BR	0.1	68.3	45.2	0.2	15.4	50.5	0.0	0.0
L G MLD	11.9	57.9	70.1	48.4	392.9	295.1	0.0	0.0
M S MLD	-1.0	100.8	181.5	2.7	179.2	196.2	0.0	0.0
TOTAL	27.6	418.7	524.4	53.2	1,199.8	1,363.5	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	143.2	7,556.5	6,014.8	104.9	3,036.8	5,523.4	44.0	1,114.2
PIMA	4.4	232.1	217.5	7.2	144.8	342.4	0.9	5.3

 

This summary is based on reports from exporters for the period December 24-30, 2021.

Wheat:  Net sales of 48,600 metric tons (MT) for 2021/2022–a marketing-year low–were down 76 percent from the previous week and 87 percent from the prior 4-week average.  Increases primarily for Italy (15,400 MT, including 15,000 MT switched from unknown destinations), unknown destinations (13,900 MT), Mexico (9,600 MT, including decreases of 6,400 MT), the Dominican Republic (3,200 MT), and Thailand (3,000 MT), were offset by reductions for Colombia (600 MT) and China (200 MT).  Total net sales of 2,500 MT for 2022/2023 were for Peru.  Exports of 210,900 MT were down 37 percent from the previous week and 17 percent from the prior 4-week average.  The destinations were primarily to Nigeria (52,900 MT), the Philippines (43,600 MT), Japan (32,100 MT), Taiwan (21,900 MT), and Mexico (20,900 MT).

Corn:  Net sales of 256,100 MT for 2021/2022 were down 80 percent from the previous week and 81 percent from the prior 4-week average.  Increases primarily for Canada (150,500 MT, including decreases of 10,700 MT), Mexico (115,100 MT, including decreases of 25,600 MT), Colombia (90,500 MT, including 92,000 MT switched from unknown destinations and decreases of 12,600 MT), Japan (81,500 MT, including 175,200 MT switched from unknown destinations and decreases of 56,500 MT), and Guatemala (10,500 MT), were offset by reductions primarily for unknown destinations (212,500 MT).  Exports of 985,100 MT were up 7 percent from the previous week, but down 2 percent from the prior 4-week average.  The destinations were primarily to Japan (221,100 MT), Mexico (210,500 MT), Colombia (179,500 MT), China (135,100 MT), and Canada (113,400 MT).

Optional Origin Sales:  For 2021/2022, options were exercised to export 60,000 MT to unknown destinations from other than the United States.  The current outstanding balance of 381,000 MT is for unknown destinations (309,000 MT), Italy (63,000 MT), and Saudi Arabia (9,000 MT).

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

Sorghum:  Total net sales of 22,800 MT for 2021/2022 were down 88 percent from the previous week and 93 percent from the prior 4-week average.  The destination was China.  Exports of 74,400 MT were down 57 percent from the previous week and 62 percent from the prior 4-week average.  The destination was to China (74,300 MT).

Rice:  Net sales of 27,600 MT for 2021/2022 were down 60 percent from the previous week and 56 percent from the prior 4-week average.  Increases primarily for Mexico (12,600 MT), Haiti (6,900 MT, including decreases of 300 MT), Canada (4,800 MT), Guatemala (4,000 MT), and Saudi Arabia (600 MT), were offset by reductions for Japan (1,900 MT).  Exports of 53,200 MT were up 70 percent from the previous week and 9 percent from the prior 4-week average.  The destinations were primarily to Haiti (45,100 MT), Canada (2,800 MT), Mexico (1,700 MT), Honduras (1,000 MT), and Saudi Arabia (800 MT).

Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales of 382,700 MT for 2021/2022–a marketing-year low–were down 27 percent from the previous week and 63 percent from the prior 4-week average.  Increases primarily for China (353,900 MT, including 264,000 MT switched from unknown destinations and decreases of 3,700 MT), Mexico (183,900 MT, including decreases of 200 MT), Spain (141,100 MT, including 132,000 MT switched from unknown destinations), the Netherlands (68,800 MT, including 60,000 MT switched from unknown destinations), and Germany (64,900 MT), were offset by reductions primarily for unknown destinations (625,200 MT).  Net sales of 67,100 MT for 2022/2023 were for unknown destinations (66,000 MT) and Japan (1,100 MT).  Exports of 1,742,800 MT were up 1 percent from the previous week, but down 11 percent from the prior 4-week average.  The destinations were primarily to China (913,000 MT), Egypt (152,200 MT), Spain (141,100 MT), Pakistan (129,100 MT), and the Netherlands (68,800 MT).

Export for Own Account: For 2021/2022, new exports for own account totaling 28,400 MT were for Canada.  The current exports for own account outstanding balance is 63,000 MT, all Canada.

Export Adjustments:  Accumulated exports of soybeans to the Netherlands were adjusted down 64,918 MT for week ending December 16, 2021.  The correct destination for this shipment is Germany.

Late Reporting: For 2021/2022, exports totaling 15,000 MT of soybeans were reported late to Costa Rica.

Soybean Cake and Meal:  Net sales of 31,500 MT for 2021/2022–a marketing-year low–were down 55 percent from the previous week and 81 percent from the prior 4-week average.  Increases primarily for the Dominican Republic (12,000 MT, including decreases of 600 MT), Canada (7,000 MT, including decreases of 400 MT), Jamaica (4,000 MT), Guyana (3,800 MT switched from unknown destinations), and the Philippines (2,300 MT), were offset by reductions primarily for unknown destinations (4,900 MT), El Salvador (1,000 MT), Spain (800 MT), and Nicaragua (500 MT).  Net sales of 300 MT for 2022/2023 resulting in increases for Japan (1,900 MT), were offset by reductions primarily for the Netherlands (1,500 MT).  Exports of 228,800 MT were up 34 percent from the previous week, but down 14 percent from the prior 4-week average.  The destinations were primarily to the Philippines (48,900 MT), Spain (38,200 MT), Canada (27,000 MT), Morocco (25,600 MT), and Colombia (25,500 MT). 

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 50,000 MT is for Venezuela.

Soybean Oil:  Net sales of 2,900 MT for 2021/2022–a marketing-year low–were down 69 percent from the previous week and 91 percent from the prior 4-week average.  Increases primarily for Guatemala (1,900 MT) and El Salvador (1,000 MT), were offset by reductions for Colombia (100 MT).  Total net sales of 100 MT for 2022/2023 were for Canada.  Exports of 42,300 MT were up noticeably from the previous week and from the prior 4-week average.  The destinations were primarily to India (29,600 MT), Costa Rica (4,000 MT), Colombia (3,700 MT), Mexico (2,900 MT), and El Salvador (1,900 MT).

Cotton:  Net sales of 143,200 RB for 2021/2022 were down 26 percent from the previous week and 48 percent from the prior 4-week average.  Increases primarily for China (47,000 RB), Pakistan (20,800 RB), Turkey (18,900 RB), Vietnam (15,200 RB, including 1,000 RB switched from South Korea), and India (14,500 RB), were offset by reductions primarily for Guatemala (2,100 RB) and South Korea (1,000 RB).  Net sales of 44,000 RB for 2022/2023 primarily for Pakistan (40,500 RB), were offset by reductions for China (400 RB).  Exports of 104,900 RB were down 35 percent from the previous week and 22 percent from the prior 4-week average.  The destinations were primarily to China (38,300 RB), Vietnam (15,900 RB), Pakistan (12,100 RB), Turkey (10,700 RB), and Indonesia (6,400 RB).  Net sales of Pima totaling 4,400 RB were down 38 percent from the previous week and 17 percent from the prior 4-week average.  Increases were reported for China (2,600 RB, including decreases of 100 RB), Vietnam (1,000 RB), Thailand (600 RB), and Honduras (200 RB).  Total net sales of 900 RB for 2022/20223 were for India.  Exports of 7,200 RB were up 3 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to India (2,400 RB), China (2,100 RB), and Thailand (2,000 RB).

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 8,800 RB is for Pakistan.

Exports for Own Account:  For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.

Hides and Skins:  Net sales of 80,800 pieces for 2021 were up 55 percent from the previous week, but down 62 percent from the prior 4-week average.  Increases primarily for China (43,600 whole cattle hides, including decreases of 14,200 pieces), South Korea (34,400 whole cattle hides, including decreases of 5,500 pieces), and Mexico (8,300 whole cattle hides), were offset by reductions primarily for Vietnam (4,200 pieces).  Net sales of 266,900 pieces for 2022 were primarily for China (215,200 whole cattle hides), South Korea (24,000 whole cattle hides), Mexico (19,300 whole cattle hides), Vietnam (4,200 whole cattle hides), and Japan (2,800 whole cattle hides).  Total net sales reductions of 8,400 calf skins for 2023 were reported for Belgium.  In addition, total net sales of 1,300 kip skins were for China.  Exports of 444,100 pieces were up 39 percent from the previous week and 18 percent from the prior 4-week average.  Whole cattle hide exports were primarily to China (302,800 pieces), South Korea (78,800 pieces), Thailand (19,600 pieces), Mexico (19,000 pieces), and Brazil (7,100 pieces). In addition, exports of 5,600 calf skins were to Italy.

Net sales of 24,500 wet blues for 2021 were down noticeably from the previous week and down 59 percent from the prior 4-week average.  Increases for Italy (18,100 unsplit), China (4,500 unsplit, including decreases of 1,200 unsplits), and South Korea (3,200 grain splits), were offset by reductions for Vietnam (900 unsplit) and Thailand (400 unsplit).  Net sales of 64,600 wet blues for 2022 were primarily for Italy (22,100 grain splits and 9,800 unsplit), Vietnam (22,100 unsplit), China (20,200 unsplit), and Thailand (10,000 unsplit).  Exports of 101,900 wet blues were up 35 percent from the previous week, but down 11 percent from the prior 4-week average.  The destinations were to Italy (31,700 unsplit and 9,000 grain splits), China (27,900 unsplit), Vietnam (22,500 unsplit), Thailand (9,200 unsplit), and South Korea (1,600 grain splits).  Total net sales reductions of 21,400 splits were for Vietnam.  Net sales of 7,600 splits for 2022 were reported for Vietnam (5,000 pounds), China (2,000 pounds), and South Korea (600 pounds).  Exports of 467,800 pounds were to Vietnam.

Beef:  Net sales reductions of 3,900 MT for 2021–a marketing-year low–were down noticeably from the previous week and from the prior 4-week average.  Increases primarily for Taiwan (100 MT, including decreases of 200 MT), the Netherlands (100 MT), Indonesia (100 MT), and Kuwait (100 MT), were more than offset by reductions primarily for South Korea (2,300 MT), China (1,200 MT), Japan (400 MT), Chile (100 MT), and Hong Kong (100 MT).  Net sales of 11,800 MT for 2022 were primarily for South Korea (4,700 MT), Taiwan (4,000 MT), Japan (1,500 MT), Canada (600 MT), and Hong Kong (500 MT), were offset by reductions for China (600 MT).  Exports of 11,500 MT–a marketing-year low–were down 33 percent from the previous week and 35 percent from the prior 4-week average.  The destinations were primarily to South Korea (4,100 MT), Japan (2,700 MT), China (1,700 MT), Taiwan (900 MT), and Mexico (700 MT). 

Pork:  Net sales of 19,400 MT for 2021 were up noticeably from the previous week, but down 6 percent from the prior 4-week average.  Increases primarily for Mexico (16,100 MT, including decreases of 400 MT), Canada (1,400 MT, including decreases of 100 MT), China (1,200 MT, including decreases of 2,000 MT), Japan (500 MT, including decreases of 1,000 MT), and Costa Rica (200 MT), were offset by reductions for Nicaragua (300 MT).  Net sales of 18,600 MT for 2022 were primarily for Japan (5,900 MT), Mexico (5,200 MT), South Korea (2,000 MT), Colombia (1,700 MT), and Guatemala (900 MT).  Exports of 22,800 MT–a marketing-year low–were down 26 percent from the previous week and 28 percent from the prior 4-week average.  The destinations were primarily to Mexico (11,400 MT), Japan (3,000 MT), China (2,600 MT), South Korea (2,400 MT), and Canada (900 MT).