FI Weekly USDA Export Sales Snapshot 03/17/22

PDF attached

 

USDA Export Sales

 

USDA export sales for corn and oil looked good and rest of the major commodities ok. 

 

Soybean oil sales of 22,600 tons were within expectations and included 20,000 tons for unknown.  Soybean sales of 1.253 million tons old crop and 477,000 new were within expectations and included 2021-22 sales to China (395,500 MT, including 66,000 MT switched from unknown destinations and decreases of 66,700 MT), unknown destinations (267,600 MT), and Egypt (241,800 MT, including decreases of 1,200MT). Soybean new-crop sales included China (406,000 MT) and unknown destinations (71,000 MT).  Soybean meal sales were 147,400 tons for old crop and shipments were ok at 252,200 tons. 

 

USDA reported corn sales for 2021-22 were 1.836 million tons and included Japan (538,400 MT, including 94,500 MT switched from unknown destinations), unknown destinations (303,000 MT), Mexico (235,100 MT, including decreases of 35,400 MT), and Colombia (179,800 MT, including 40,000 MT switched from unknown destinations and decreases of 6,900 MT). Total net sales of 204,000 MT for 2022-23 were for China. 

 

Sorghum sales were 108,300 tons and included China (128,300 MT, including 130,000 MT switched from unknown destinations and decreases of 7,900 MT), were offset by reductions for unknown destinations (20,000 MT).

 

Pork sales were 38,300 tons, primarily for Mexico, Japan and Australia.

 

All-wheat sales were poor for current crop year at 145,900 tons but new-crop exceeded expectations at 325,600 tons.

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  3/10/2022

	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	-4.6	1,705.4	1,428.2	65.3	5,720.6	6,896.9	49.1	245.4
SRW	84.0	621.6	387.9	47.0	2,149.0	1,377.7	18.5	231.0
HRS	64.7	1,080.9	1,765.4	111.9	4,006.9	5,537.0	203.0	310.6
WHITE	1.9	527.9	2,016.8	25.3	2,734.5	4,428.8	55.0	172.0
DURUM	0.0	18.8	153.3	0.0	169.7	518.4	0.0	47.0
TOTAL	145.9	3,954.5	5,751.6	249.5	14,780.7	18,758.8	325.6	1,006.0
BARLEY	0.0	13.8	11.5	0.0	14.7	22.0	0.0	0.0
CORN	1,836.4	23,232.1	30,542.7	1,273.5	28,806.5	29,962.1	204.0	2,132.6
SORGHUM	108.3	3,536.3	2,758.4	259.3	3,246.5	3,447.3	0.0	0.0
SOYBEANS	1,253.2	11,298.5	6,779.6	714.3	42,325.5	53,777.4	477.0	8,123.8
SOY MEAL	147.4	3,098.6	2,708.2	252.2	5,693.2	5,920.6	0.0	234.7
SOY OIL	22.6	188.6	112.9	6.6	415.8	509.0	0.0	0.0
RICE
L G RGH	15.1	242.3	308.5	22.3	890.5	1,043.2	0.0	0.0
M S RGH	0.0	8.3	5.4	0.2	5.3	23.5	0.0	0.0
L G BRN	0.1	17.0	4.1	0.8	32.7	33.1	0.0	0.0
M&S BR	0.1	43.9	70.2	0.2	42.2	82.4	0.0	0.0
L G MLD	12.1	67.4	57.5	33.2	558.0	436.2	0.0	0.0
M S MLD	14.0	204.1	234.0	2.0	252.9	355.0	0.0	0.0
TOTAL	41.3	583.1	679.7	58.8	1,781.5	1,973.4	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	371.4	7,806.0	5,394.1	325.5	5,849.7	8,833.3	49.0	2,285.0
PIMA	12.3	163.6	259.8	7.8	264.7	468.1	1.3	15.0

 

 

This summary is based on reports from exporters for the period March 4-10, 2022.

Wheat:  Net sales of 145,900 metric tons (MT) for 2021/2022 were down 53 percent from the previous week and from the prior 4-week average.  Increases primarily for Colombia (46,200 MT), Mexico (42,700 MT, including decreases of 100 MT), Chile (29,300 MT, including 27,400 MT switched from unknown destinations and decreases of 100 MT), Vietnam (25,500 MT, including 24,500 MT switched from unknown destinations and decreases of 200 MT), and Nigeria (23,600 MT), were offset by reductions primarily for unknown destinations (91,400 MT).  Net sales of 325,600 MT for 2022/2023 were reported for the Philippines (258,000 MT), Guatemala (45,600 MT), and Mexico (22,000 MT).  Exports of 249,500 MT were down 35 percent from the previous week and 42 percent from the prior 4-week average.  The destinations were primarily to Mexico (81,000 MT), the Philippines (35,200 MT), Chile (29,300 MT), Vietnam (25,500 MT), and Malaysia (21,900 MT). 

Corn:  Net sales of 1,836,400 MT for 2021/2022 were down 14 percent from the previous week, but up 64 percent from the prior 4-week average.  Increases primarily for Japan (538,400 MT, including 94,500 MT switched from unknown destinations), unknown destinations (303,000 MT), Mexico (235,100 MT, including decreases of 35,400 MT), Colombia (179,800 MT, including 40,000 MT switched from unknown destinations and decreases of 6,900 MT), and South Korea (133,600 MT), were offset by reductions for China (2,100 MT) and Guatemala (400 MT).  Total net sales of 204,000 MT for 2022/2023 were for China.  Exports of 1,273,500 MT were down 28 percent from the previous week and 25 percent from the prior 4-week average.  The destinations were primarily to China (335,900 MT), Mexico (279,500 MT), Colombia (175,000 MT), Japan (94,700 MT), and Guatemala (87,300 MT).   

Optional Origin Sales:  For 2021/2022, new optional origin sales of 60,000 MT were reported for Morocco.  The current outstanding balance of 345,800 MT is for unknown destinations (180,000 MT), South Korea (65,000 MT), Morocco (60,000 MT), Italy (31,800 MT), and Saudi Arabia (9,000 MT).  For 2022/2023, the current outstanding balance of 3,900 MT is for Italy.

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

Sorghum:  Net sales of 108,300 MT for 2021/2022 were up noticeably from the previous week and up 36 percent from the prior 4-week average.  Increases reported for China (128,300 MT, including 130,000 MT switched from unknown destinations and decreases of 7,900 MT), were offset by reductions for unknown destinations (20,000 MT).  Exports of 259,300 MT were up 26 percent from the previous week and 40 percent from the prior 4-week average.  The destination was primarily to China (257,400 MT).

Rice:  Net sales of 41,300 MT for 2021/2022 were up 13 percent from the previous week, but down 23 percent from the prior 4-week average.  Increases were primarily for Mexico (14,600 MT), Japan (13,000 MT), Haiti (7,300 MT), Saudi Arabia (3,100 MT), and Canada (1,800 MT, including decreases of 400 MT).  Exports of 58,800 MT were up noticeably from the previous week, but down 17 percent from the prior 4-week average.  The destinations were primarily to Haiti (30,500 MT), Guatemala (16,000 MT), Mexico (7,000 MT), Canada (2,600 MT), and Saudi Arabia (1,200 MT).

Soybeans:  Net sales of 1,253,200 MT for 2021/2022 were down 43 percent from the previous week and 11 percent from the prior 4-week average.  Increases primarily for China (395,500 MT, including 66,000 MT switched from unknown destinations and decreases of 66,700 MT), unknown destinations (267,600 MT), Egypt (241,800 MT, including decreases of 1,200 MT), Taiwan (162,500 MT), and Indonesia (83,200 MT, including 70,600 MT switched from unknown destinations and decreases of 200 MT), were offset by reductions for Costa Rica (800 MT).  Net sales of 477,000 MT for 2022/2023 were reported for China (406,000 MT) and unknown destinations (71,000 MT).  Exports of 714,300 MT were down 14 percent from the previous week and 29 percent from the prior 4-week average.  The destinations were primarily to China (370,200 MT), Mexico (120,600 MT), Indonesia (87,700 MT), Egypt (61,800 MT), and Taiwan (22,200 MT).  

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 3,000 MT, all Canada.

Soybean Cake and Meal:  Net sales of 147,400 MT for 2021/2022 were down 53 percent from the previous week and 36 percent from the prior 4-week average.  Increases primarily for Mexico (20,800 MT), Colombia (17,400 MT, including 10,000 MT switched from unknown destinations), Venezuela (15,000 MT), Israel (15,000 MT), and Honduras (12,000 MT), were offset by reductions for Guatemala (2,500 MT), Malaysia (300 MT), and Sri Lanka (200 MT).  Exports of 252,200 MT were unchanged from the previous week, but up 7 percent from the prior 4-week average.  The destinations were primarily to the Philippines (69,700 MT), Colombia (41,000 MT), Mexico (31,100 MT), Canada (21,200 MT), and Morocco (18,400 MT).

Soybean Oil:  Net sales of 22,600 MT for 2021/2022 were up 36 percent from the previous week, but down 4 percent from the prior 4-week average.  Increases reported for unknown destinations (20,000 MT), Colombia (4,000 MT), and Mexico (100 MT), were offset by reductions for Canada (1,000 MT) and the Dominican Republic (500 MT).  Exports of 6,600 MT were down 60 percent  from the previous week and 71 percent from the prior 4-week average.  The destinations were to Colombia (4,000 MT), Mexico (2,100 MT), and Canada (500 MT).

Cotton:  Net sales of 371,400 RB for 2021/2022 were up 5 percent from the previous week and 34 percent from the prior 4-week average.  Increases primarily for China (144,700 RB), Turkey (59,300 RB, including decreases of 100 RB), Pakistan (36,900 RB, including 900 RB switched from the United Arab Emirates), Vietnam (28,500 RB, including 800 RB switched from Indonesia, 300 RB switched from South Korea, and 100 RB switched from Japan), and Nicaragua (19,600 RB), were offset by reductions for the United Arab Emirates (900 RB).  Net sales of 49,000 RB for 2022/2023 were primarily for Pakistan (20,100 RB), Turkey (9,700 RB), Vietnam (6,600 RB), Thailand (4,000 RB), and Indonesia (2,600 RB).  Exports of 325,500 RB were up 1 percent from the previous week, but down 2 percent from the prior 4-week average.  The destinations were primarily to China (121,700 RB), Pakistan (59,500 RB), Turkey (37,900 RB), Vietnam (27,600 RB), and Mexico (16,800 RB).  Net sales of Pima totaling 12,300 RB were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for India (11,600 RB, including decreases of 100 RB), China (400 RB), Turkey (200 RB), and Malaysia (100 RB).  Net sales of 1,300 RB for 2022/2023 were reported for India (900 RB) and Japan (400 RB).  Exports of 7,800 RB were down 65 percent from the previous week and 45 percent from the prior 4-week average.  The destinations were primarily to Peru (2,900 RB), India (2,800 RB), Honduras (600 RB), Turkey (400 RB), and Indonesia (300 RB). 

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 61,600 RB is for Vietnam (52,800 RB) and Pakistan (8,800 RB). 

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 463,100 pieces for 2022 were up 37 percent from the previous week and 15 percent from the prior 4-week average.  Increases primarily for China (243,300 whole cattle hides, including decreases of 24,600 pieces), Mexico (53,800 whole cattle hides, including decreases of 600 pieces), South Korea (53,200 whole cattle hides, including decreases of 1,100 pieces), Thailand (52,000 whole cattle hides, including decreases of 1,000 pieces), and Indonesia (33,100 whole cattle hides, including decreases of 1,100 pieces), were offset by reductions for Taiwan (300 pieces).  Total net sales of 800 calf skins were for Italy.  In addition, net sales reductions of 300 kip skins were primarily for Belgium.  Exports of 430,300 pieces were down 5 percent from the previous week, but up 6 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (287,500 pieces), South Korea (45,600 pieces), Mexico (38,900 pieces), Thailand (23,600 pieces), and Indonesia (9,800 pieces).  In addition, exports of 3,900 kip skins were to Belgium (2,600 kip skins) and Italy (1,300 kip skins).

Net sales of 28,400 wet blues for 2022 were down 78 percent from the previous week and 74 percent from the prior 4-week average.  Increases reported for Italy (11,100 unsplit and 100 grain splits), Vietnam (9,600 unsplit), and China (8,000 unsplit), were offset by reductions for Portugal (200 grain splits), Thailand (100 unsplit), and Hong Kong (100 unsplit).  Exports of 119,200 wet blues were down 23 percent from the previous week and 5 percent from the prior 4-week average.  The destinations were primarily to Italy (27,400 unsplit and 19,200 grain splits), Vietnam (37,200 unsplit), China (17,600 unsplit), Mexico (4,300 unsplit and 2,000 grain splits), and Thailand (3,100 unsplit).  Net sales of 402,000 splits were for Vietnam (353,200 pounds, including decreases of 11,700 pounds), China (36,000 pounds), and South Korea (12,800 pounds).  Exports of 563,800 pounds were to Vietnam (482,100 pounds) and South Korea (81,700 pounds).

Beef:  Net sales of 19,700 MT for 2022 were down 28 percent from the previous week and 11 percent from the prior 4-week average.  Increases were primarily for China (6,600 MT, including decreases of 100 MT), Japan (5,200 MT, including decreases of 800 MT), South Korea (2,600 MT, including decreases of 700 MT), Mexico (1,700 MT), and Taiwan (1,300 MT, including decreases of 100 MT).  Exports of 16,300 MT were up 2 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to South Korea (4,600 MT), Japan (3,600 MT), China (2,700 MT), Taiwan (1,800 MT), and Canada (900 MT). 

Pork:  Net sales of 38,300 MT for 2022 were up 51 percent from the previous week and 36 percent from the prior 4-week average.  Increases were primarily for Mexico (21,700 MT, including decreases of 200 MT), Japan (6,100 MT, including decreases of 100 MT), Australia (2,700 MT, including decreases of 100 MT), Honduras (1,500 MT), and South Korea (1,400 MT, including decreases of 700 MT).  Exports of 26,000 MT were down 9 percent from the previous week and 13 percent from the prior 4-week average.  The destinations were primarily to Mexico (10,900 MT), Japan (3,900 MT), China (3,800 MT), South Korea (2,100 MT), and Canada (1,400 MT).