PDF attached
USDA export sales were slightly above a range of expectations for corn. Sorghum export sales were 477,500 MT and a marketing-year high. Soybeans were near the low end of expectations, but the products were better than expected. China posted the bulk of the beans but a lot of it was switched from unknown. All-wheat came in near the upper range of expectations.
This summary is based on reports from exporters for the period January 7, 2022 – January 13, 2022.
Wheat: Net sales of 380,600 metric tons (MT) for 2021/2022 were up 44 percent from the previous week and 62 percent from the prior 4-week average. Increases primarily for Nigeria (101,300 MT, including 30,000 MT switched from unknown destinations and decreases of 2,700 MT), Guatemala (66,600 MT, including 11,900 switched from unknown and decreases of 800 MT), Japan (56,100 MT), Thailand (51,000 MT), and Mexico (35,500 MT, including decreases of 11,600 MT), were offset by reductions primarily for unknown destinations (51,800 MT). Net sales of 72,000 MT for 2022/2023 were for Thailand (54,500 MT), unknown destinations (10,000 MT), and Peru (7,500 MT). Exports of 391,400 MT were up 52 percent from the previous week and 57 percent from the prior 4-week average. The destinations were primarily to Mexico (99,400 MT), Vietnam (69,400 MT), the Philippines (58,400 MT), Brazil (45,700 MT), and Guatemala (33,800 MT).
Corn: Net sales of 1,091,300 MT for 2021/2022 were up noticeably from the previous week and up 48 percent from the prior 4-week average. Increases primarily for Japan (370,900 MT, including 60,000 MT switched from unknown destinations, decreases of 6,800 MT, and 500 MT – late), Mexico (246,100 MT, including decreases of 54,000 MT), Colombia (86,700 MT, including 30,000 MT switched from unknown destinations and decreases of 2,600 MT), Saudi Arabia (81,300 MT, including 77,000 MT switched from unknown destinations), and China (76,900 MT, including 68,000 MT switched from unknown destinations), were offset by reductions for Peru (1,000 MT). Net sales of 105,000 MT for 2022/2023 were for Mexico (55,000 MT) and Japan (50,000 MT). Exports of 1,297,700 MT
Expsalest-FI_NEW012122.pdf