FI Weekly USDA Export Sales Snapshot 05/05/22

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USDA Export Sales

Most within expectations. Old crop soybean sales were better than expected that included unknown destinations (316,700 MT), China (200,800 MT, including 66,000 MT switched from unknown destinations and decreases of 700 MT), and Egypt (68,800 MT, including 65,000 MT switched from unknown destinations and decreases of 300 MT). 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  4/28/2022

 

	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	11.2	861.6	922.3	167.4	6,639.6	7,779.1	17.4	591.4
SRW	18.2	314.0	235.3	74.2	2,558.4	1,600.7	11.5	603.0
HRS	54.7	686.1	909.5	68.7	4,789.9	6,745.7	13.5	648.9
WHITE	34.2	280.0	877.9	66.7	3,090.1	5,762.4	0.0	400.3
DURUM	0.4	0.5	69.6	0.4	195.5	595.0	0.0	64.4
TOTAL	118.8	2,142.2	3,014.6	377.4	17,273.5	22,482.9	42.4	2,307.9
BARLEY	0.0	5.7	5.1	0.1	14.8	25.5	0.0	8.6
CORN	782.5	18,261.1	24,353.6	1,904.8	40,036.9	43,503.3	737.9	4,944.7
SORGHUM	88.1	1,924.3	1,634.0	212.2	4,880.8	5,524.2	0.0	0.0
SOYBEANS	734.6	11,020.0	4,955.8	563.7	47,291.8	56,328.9	407.0	11,148.3
SOY MEAL	232.2	2,664.9	2,119.2	233.5	7,221.4	7,506.3	0.4	370.8
SOY OIL	14.7	136.4	78.1	12.8	528.7	590.7	0.0	0.0
RICE
L G RGH	7.9	134.0	239.1	11.7	1,089.6	1,299.3	0.0	0.0
M S RGH	0.0	8.7	5.3	0.5	12.2	23.5	0.0	0.0
L G BRN	0.3	5.8	2.7	0.5	45.4	36.0	0.0	0.0
M&S BR	0.0	9.8	45.4	14.3	77.3	109.5	0.0	0.0
L G MLD	8.5	92.0	29.5	2.8	626.5	523.9	0.0	0.0
M S MLD	-6.6	212.6	240.6	4.4	301.0	425.7	0.0	0.0
TOTAL	10.1	463.0	562.7	34.1	2,152.1	2,418.0	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	232.4	6,130.8	3,929.0	426.6	8,592.5	11,284.0	93.2	2,939.3
PIMA	3.4	114.4	184.2	21.2	353.1	588.6	4.0	44.6

 

 

This summary is based on reports from exporters for the period April 22-28, 2022.

 Wheat:  Net sales of 118,800 metric tons (MT) for 2021/2022 were up noticeably from the previous week and up 53 percent from the prior 4-week average.  Increases primarily for Mexico (88,400 MT, including decreases of 13,600 MT), the Philippines (58,300 MT, including decreases of 5,000 MT), El Salvador (10,400 MT, including 9,600 MT switched from Guatemala), South Korea (5,000 MT), and Colombia (3,300 MT, including decreases of 15,800 MT), were offset by reductions primarily for Nigeria (46,000 MT) and Guatemala (7,200 MT).  Net sales of 42,400 MT for 2022/2023 were reported for Mexico (15,900 MT), the Dominican Republic (13,500 MT), Honduras (7,000 MT), and El Salvador (6,000 MT).  Exports of 377,400 MT were up 53 percent from the previous week and 8 percent from the prior 4-week average.  The destinations were primarily to Mexico (87,600 MT), the Philippines (55,300 MT), South Korea (55,000 MT), Colombia (48,500 MT), and Japan (41,100 MT).    

Corn:  Net sales of 782,500 MT for 2021/2022 were down 10 percent from the previous week and 19 percent from the prior 4-week average.  Increases primarily for China (465,900 MT, including decreases of 10,200 MT), Colombia (191,600 MT, including 158,000 MT switched from unknown destinations and decreases of 67,200 MT), Japan (165,800 MT, including 47,600 MT switched from unknown destinations and decreases of 1,600 MT), Spain (157,100 MT, including 98,000 MT switched from unknown destinations and decreases of 2,800 MT), and Taiwan (82,900 MT, including 66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (375,500 MT).  Net sales of 737,900 MT for 2022/2023 were primarily for China (612,000 MT), Japan (50,600 MT), Guatemala (46,700 MT), and El Salvador (22,300 MT).  Exports of 1,904,800 MT–a marketing-year high–were up 22 percent from the previous week and 28 percent from the prior 4-week average.  The destinations were primarily to China (465,800 MT), Mexico (279,800 MT), Colombia (245,700 MT), Japan (201,200 MT), and Spain (157,100 MT).   

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 378,300 MT is for unknown destinations (240,000 MT), South Korea (65,000 MT), Italy (34,300 MT), Morocco (30,000 MT), and Saudi Arabia (9,000 MT).  For 2022/2023, the current outstanding balance of 35,400 MT is for Italy.  

Late Reporting: For 2021/2022, net sales and exports totaling 15,600 MT of corn was reported late for Venezuela. 

Barley: No net sales were reported for the week.  Exports of 100 MT were unchanged from the previous week, but up noticeably from the prior 4-week average.  The destination was to South Korea.   

Sorghum:  Net sales of 88,100 MT for 2021/2022 were up noticeably from the previous week, but down noticeably from the prior 4-week average.  Increases primarily for Spain (86,900 MT, including 83,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (12,000 MT).  Exports of 212,200 MT were up 26 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were to China (125,300 MT) and Spain (86,900 MT). 

Rice:  Net sales of 10,100 MT for 2021/2022 were down 38 percent from the previous week and 71 percent from the prior 4-week average.  Increases primarily for Honduras (8,700 MT), Canada (4,100 MT), El Salvador (3,200 MT switched from Guatemala), Saudi Arabia (2,100 MT), and the United Kingdom (1,200 MT), were offset by reductions for Jordan (5,800 MT) and Guatemala (3,900 MT).  Exports of 34,100 MT were down 62 percent from the previous week and 46 percent from the prior 4-week average.  The destinations were primarily to South Korea (16,400 MT), Guatemala (7,900 MT), El Salvador (3,800 MT), Canada (3,000 MT), and Mexico (700 MT). 

Soybeans:  Net sales of 734,600 MT for 2021/2022 were up 53 percent from the previous week and 28 percent from the prior 4-week average.  Increases were primarily for unknown destinations (316,700 MT), China (200,800 MT, including 66,000 MT switched from unknown destinations and decreases of 700 MT), Egypt (68,800 MT, including 65,000 MT switched from unknown destinations and decreases of 300 MT), Mexico (63,600 MT, including decreases of 18,400 MT), and Indonesia (32,900 MT, including decreases of 200 MT).  Net sales of 407,000 MT for 2022/2023 were reported for China (268,000 MT), unknown destinations (121,000 MT), and Mexico (18,000 MT).  Exports of 563,700 MT were down 21 percent from the previous week and 30 percent from the prior 4-week average.  The destinations were primarily to China (178,000 MT), Egypt (173,800 MT), Mexico (81,700 MT, including 9,900 MT – late), Colombia (35,600 MT), and Japan (26,000 MT).   

Export for Own Account: For 2021/2022, new exports for own account totaling 29,700 MT were to Canada.  The current exports for own account outstanding balance is 62,400 MT, all Canada. 

Late Reporting: For 2021/2022, exports totaling 10,900 MT of soybeans were reported late for Mexico (9,900 MT) and Malaysia (1,000 MT).  

Soybean Cake and Meal:  Net sales of 232,200 MT for 2021/2022 were up 14 percent from the previous week and 86 percent from the prior 4-week average.  Increases primarily for Colombia (121,100 MT, including 22,000 MT switched from unknown destination and decreases of 2,200 MT), Guatemala (43,400 MT, including decreases of 800 MT), Mexico (28,100 MT), Venezuela (18,500 MT, including 20,000 MT switched from unknown destinations, decreases of 1,500 MT, and 20,000 MT – late), and El Salvador (13,900 MT, including 3,700 MT switched from Guatemala), were offset by reductions primarily for unknown destinations (18,000 MT) and the Dominican Republic (14,300 MT).  Total net sales of 400 MT for 2022/2023 were for Canada.  Exports of 233,500 MT were down 7 percent from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to the Philippines (49,800 MT, including 800 MT – late), Colombia (38,400 MT), Ecuador (32,800 MT), Morocco (21,900 MT), and Guatemala (19,900 MT).  

Late Reporting: For 2021/2022, net sales totaling 20,000 MT of soybean cake and meal were reported late for Venezuela.  Exports totaling 19,300 MT were reported late to Venezuela (18,500 MT) and the Philippines (800 MT).  

Soybean Oil:  Net sales of 14,700 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.  Increases were primarily for South Korea (12,000 MT).  Exports of 12,800 MT were up 29 percent from the previous week, but down 25 percent from the prior 4-week average.  The destinations were primarily to South Korea (11,800 MT) and Canada (600 MT). 

Cotton:  Net sales of 232,400 RB for 2021/2022 were up 92 percent from the previous week and up noticeably from the prior 4-week average.  Increases primarily for China (99,700 RB, including decreases of 13,500 RB), Vietnam (65,800 RB, including 1,000 RB switched from Indonesia and 400 RB switched from South Korea), Bangladesh (24,000 RB), Turkey (15,400 RB, including decreases of 1,600 RB), and India (14,900 RB, including decreases of 1,200 RB), were offset by reductions for the Philippines (900 RB).  Net sales of 93,200 RB for 2022/2023 were primarily for Turkey (36,300 RB), Pakistan (19,800 RB), Guatemala (14,600 RB), Peru (9,600 RB), and Indonesia (6,600 RB).  Exports of 426,600 RB were up 11 percent from the previous week and from the prior 4-week average.  The destinations were primarily to China (156,500 RB), Turkey (74,200 RB), Vietnam (65,100 RB), Pakistan (48,000 RB), and Mexico (14,100 RB).  Net sales of Pima totaling 3,400 RB were down 74 percent from the previous week and 47 percent from the prior 4-week average.  Increases reported for China (2,800 RB), Vietnam (1,300 RB, including 400 RB switched from Japan and 400 RB – late), Pakistan (1,000 RB, including 900 RB switched from the United Arab Emirates and 900 RB – late), Thailand (600 RB, including 300 RB switched from Japan, 300 RB switched from unknown destinations, and 300 RB – late), and Indonesia (100 RB switched from Japan, including 100 RB – late), were offset by reductions for the United Arab Emirates (900 RB), Japan (800 RB), India (400 RB), and unknown destinations (400 RB).  Net sales of 4,000 RB for 2022/2023 were primarily for India (2,600 RB).  Exports of 21,200 RB were up noticeably from the previous week and up 72 percent from the prior 4-week average.  The destinations were primarily to India (8,300 RB), Peru (3,500 RB), Thailand (1,700 RB, including 300 RB – late), China (1,700 RB, including 1,300 RB – late), and Turkey (900 RB).   

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 57,200 RB is for Vietnam (52,800 RB) and Pakistan (4,400 RB).   

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

Late Reporting: For 2021/2022, net sales totaling 1,700 RB of pima cotton were reported late for Pakistan (900 RB), Vietnam (400 RB), Thailand (300 RB), and Indonesia (100 RB).  Exports totaling 3,900 RB of pima cotton were reported late to China (1,300 RB), Pakistan (900 RB), Vietnam (400 RB), Switzerland (400 RB), Germany (400 RB), Thailand (300 RB), Colombia (100 RB), and Indonesia (100 RB). 

Hides and Skins:  Net sales of 480,800 pieces for 2022 were up 25 percent from the previous week and 12 percent from the prior 4-week average.  Increases primarily for China (288,400 whole cattle hides, including decreases of 8,400 pieces), Mexico (79,100 whole cattle hides, including decreases of 600 pieces), South Korea (56,000 whole cattle hides, including decreases of 500 pieces), Thailand (22,100 whole cattle hides, including decreases of 1,500 pieces), and Brazil (9,700 whole cattle hides), were offset by reductions for Italy (1,600 pieces), Taiwan (700 pieces), and Canada (100 pieces).  Exports of 428,000 pieces were up 3 percent from the previous week, but down 8 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (225,200 pieces), Mexico (46,800 pieces), South Korea (42,800 pieces), Thailand (39,100 pieces), and Italy (24,400 pieces).   

Net sales of 87,700 wet blues for 2022 were up 43 percent from the previous week, but down 30 percent from the prior 4-week average.  Increases primarily for China (32,600 unsplit), Vietnam (24,900 unsplit, including decreases of 100 unsplit), Thailand (18,100 unsplit), Taiwan (7,500 unsplit), and Italy (6,300 unsplit, including decreases of 100 unsplit and 100 grain splits), were offset by reductions for Mexico (4,400 unsplit).  Exports of 164,700 wet blues were up 29 percent from the previous week, but down 2 percent from the prior 4-week average.  The destinations were primarily to Italy (42,000 unsplit and 12,100 grain splits), Vietnam (38,300 unsplit), China (35,700 unsplit), Thailand (15,400 unsplit), and Hong Kong (7,400 unsplit).  Net sales of 759,000 splits were up noticeably from the previous week and up 53 percent from the prior 4-week average.  Increases reported for Vietnam (758,000 pounds, including decreases of 5,000 pounds), China (4,000 pounds), and Taiwan (1,900 pounds), were offset by reductions for South Korea (4,900 pounds).  Exports of 484,300 pounds were up 2 percent from the previous week, but down 27 percent from the prior 4-week average. The destinations were primarily to Vietnam (319,400 pounds) and China (122,100 pounds). 

Beef:  Net sales of 14,600 MT for 2022 were up 28 percent from the previous week and 1 percent from the prior 4-week average.  Increases were primarily for Japan (4,100 MT, including decreases of 600 MT), South Korea (3,200 MT, including decreases of 600 MT), Taiwan (1,800 MT, including decreases of 100 MT), China (1,600 MT, including decreases of 100 MT), and Canada (1,200 MT, including decreases of 100 MT).  Total net sales of 100 MT for 2023 were reported for Japan.  Exports of 20,300 MT were up 16 percent from the previous week and 7 percent from the prior 4-week average.  The destinations were primarily to Japan (6,600 MT), South Korea (5,000 MT), China (3,200 MT), Taiwan (1,300 MT), and Mexico (1,100 MT).   

Pork:  Net sales of 23,800 MT for 2022 were down 24 percent from the previous week and 13 percent from the prior 4-week average.  Increases primarily for Mexico (11,300 MT, including decreases of 300 MT), South Korea (3,700 MT, including decreases of 1,000 MT), Japan (3,400 MT, including decreases of 100 MT), Colombia (1,300 MT, including decreases of 200 MT), and Canada (900 MT, including decreases of 500 MT), were offset by reductions for Nicaragua (600 MT) and New Zealand (100 MT).  Exports of 32,200 MT were up 8 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Mexico (15,600 MT), Japan (4,100 MT), China (3,600 MT), South Korea (2,600 MT), and Canada (1,500 MT).