FI Weekly USDA Export Sales Snapshot 05/12/22

PDF attached

 

USDA Export Sales

USDA export sales were poor all around. Soybean, corn, wheat, cotton and beef sales were all a marketing year low. China was largely absent for most commodities. There were several switches of destinations and small decreases posted for soybeans. Combined soybean meal sales nearly beat out soybean sales this week. Soybean meal shipments were 238,300 tons. SBO sales of 600 tons were poor and shipments were 26,500 tons. Corn sales were only 192,700 tons for 2021-22 and wheat sales for new-crop were low at 124,300 tons. Sorghum sales slowed to 27,800 tons. Pork sales were 26,300 tons and included China for 4,700 tons.

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  5/5/2022

	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	8.9	750.7	682.5	119.7	6,759.3	8,002.0	10.5	601.9
SRW	3.1	224.4	208.5	92.6	2,651.0	1,627.4	63.0	666.0
HRS	-16.4	644.1	874.9	25.6	4,815.5	6,828.8	24.0	672.9
WHITE	18.6	296.2	707.5	2.4	3,092.5	5,915.9	26.8	427.1
DURUM	0.0	0.5	48.6	0.0	195.5	631.8	0.0	64.4
TOTAL	14.1	1,916.0	2,521.9	240.3	17,513.8	23,006.0	124.3	2,432.2
BARLEY	0.0	5.7	2.7	0.0	14.8	25.9	0.0	8.6
CORN	192.7	16,949.6	22,696.2	1,504.3	41,541.1	45,047.5	46.6	4,991.3
SORGHUM	27.8	1,681.2	1,521.3	270.8	5,151.6	5,708.0	0.0	0.0
SOYBEANS	143.7	10,692.0	4,765.0	471.7	47,763.5	56,614.1	77.3	11,225.6
SOY MEAL	181.9	2,608.5	1,999.0	238.3	7,459.8	7,701.0	16.1	386.9
SOY OIL	0.6	110.5	76.8	26.5	555.2	592.8	0.0	0.0
RICE
L G RGH	9.2	134.7	259.4	8.5	1,098.1	1,301.3	2.0	2.0
M S RGH	0.0	8.6	5.3	0.1	12.3	23.5	0.0	0.0
L G BRN	0.5	4.0	2.8	2.4	47.8	36.2	0.0	0.0
M&S BR	0.1	9.9	45.5	0.0	77.4	109.7	0.0	0.0
L G MLD	17.4	88.5	27.8	21.0	647.5	528.4	0.0	0.0
M S MLD	1.9	200.6	221.2	14.0	315.0	447.1	0.0	0.0
TOTAL	29.2	446.2	562.0	46.0	2,198.0	2,446.3	2.0	2.0
COTTON		THOUSAND RUNNING BALES
UPLAND	27.5	5,793.8	3,706.2	364.5	8,957.1	11,561.2	90.6	3,029.9
PIMA	2.1	108.3	168.7	8.3	361.4	607.9	2.9	47.5

 

 

This summary is based on reports from exporters for the period April 29-May 5, 2022.

Wheat:  Net sales of 14,100 metric tons (MT) for 2021/2022–a marketing-year low–were down 88 percent from the previous week and 79 percent from the prior 4-week average.  Increases primarily for Colombia (40,000 MT), unknown destinations (11,500 MT), South Korea (3,000 MT, including decreases of 22,500 MT), the Dominican Republic (1,600 MT), and Mexico (1,200 MT, including decreases of 3,100 MT), were offset by reductions primarily for Nigeria (36,300 MT), Chile (5,800 MT), and Japan (1,500 MT).  Net sales of 124,300 MT for 2022/2023 were reported for Mexico (63,000 MT), unknown destinations (26,800 MT), South Korea (24,500 MT), Chile (7,000 MT), and Guatemala (3,000 MT).  Exports of 240,300 MT were down 36 percent from the previous week and 35 percent from the prior 4-week average.  The destinations were primarily to Indonesia (55,100 MT), Japan (51,600 MT), Mexico (47,700 MT), Nigeria (27,500 MT), and the Dominican Republic (17,800 MT).

Corn:  Net sales of 192,700 MT for 2021/2022–a marketing-year low–were down 75 percent from the previous week and 80 percent from the prior 4-week average.  Increases primarily for Japan (132,600 MT, including 23,300 MT switched from unknown destinations and decreases of 900 MT), South Korea (131,700 MT, including 133,000 MT switched from unknown destinations and decreases of 2,900 MT), Spain (73,700 MT, including 68,000 MT switched from unknown destinations), Colombia (57,100 MT, including 50,000 MT switched from unknown destinations and decreases of 57,700 MT), and Canada (41,400 MT, including decreases of 300 MT), were offset by reductions primarily for unknown destinations (304,000 MT).  Net sales of 46,600 MT for 2022/2023 were reported for Mexico (22,400 MT), unknown destinations (22,000 MT), and Canada (2,200 MT).  Exports of 1,504,300 MT were down 21 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were primarily to Mexico (349,000 MT), Japan (320,600 MT), China (260,200 MT), South Korea (131,300 MT), and Colombia (125,600 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.

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

Sorghum:  Net sales of 27,800 MT for 2021/2022 were down 69 percent from the previous week, but up noticeably from the prior 4-week average.  Increases reported for China (80,800 MT, including 68,000 MT switched from unknown destinations and decreases of 400 MT) and Mexico (15,000 MT), were offset by reductions for unknown destinations (68,000 MT).  Exports of 270,800 MT were up 28 percent from the previous week and 35 percent from the prior 4-week average.  The destination was to China.

Rice:  Net sales of 29,200 MT for 2021/2022 were up noticeably from the previous week, but down 18 percent from the prior 4-week average.  Increases primarily for Haiti (13,500 MT), Canada (3,700 MT), Mexico (3,700 MT), El Salvador (3,100 MT), and Guatemala (2,300 MT), were offset by reductions for Yemen (300 MT).  Total net sales of 2,000 MT for 2022/2023 were reported for Guatemala.  Exports of 46,000 MT were up 35 percent from the previous week, but down 12 percent from the prior 4-week average.  The destinations were primarily to Haiti (15,200 MT), Japan (12,200 MT), Honduras (8,500 MT), Canada (3,700 MT), and Mexico (1,700 MT). 

Soybeans:  Net sales of 143,700 MT for 2021/2022–a marketing-year low–were down 80 percent from the previous week and 74 percent from the prior 4-week average.  Increases primarily for Indonesia (66,200 MT, including 55,000 MT switched from unknown destinations and decreases of 7,600 MT), Japan (61,200 MT, including 59,200 MT switched from unknown destinations and decreases of 1,400 MT), Mexico (20,600 MT, including decreases of 2,700 MT), Venezuela (8,000 MT), and Malaysia (5,300 MT, including decreases of 100 MT), were offset by reductions for unknown destinations (30,200 MT) and Peru (5,000 MT).  Net sales of 77,300 MT for 2022/2023 were reported for unknown destinations (66,000 MT), Panama (6,300 MT), and Taiwan (5,000 MT).  Exports of 471,700 MT were down 16 percent from the previous week and 37 percent from the prior 4-week average.  The destinations were primarily to China (147,500 MT), Mexico (89,500 MT), Indonesia (72,400 MT), Taiwan (66,900 MT), and Japan (64,500 MT).

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 62,400 MT, all Canada.

Soybean Cake and Meal:  Net sales of 181,900 MT for 2021/2022 were down 22 percent from the previous week, but up 10 percent from the prior 4-week average.  Increases primarily for Mexico (55,200 MT, including decreases of 1,500 MT), Ecuador (32,300 MT, including decreases of 2,200 MT), Honduras (19,100 MT, including decreases 6,200 MT), the Dominican Republic (18,600 MT), and Guatemala (15,800 MT), were offset by reductions primarily for unknown destinations (3,000 MT), Costa Rica (1,200 MT), and Laos (1,000 MT).  Net sales of 16,100 MT for 2022/2023 reported for Panama (16,500 MT), were offset by reductions for Canada (400 MT).  Exports of 238,300 MT were up 2 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to the Philippines (48,300 MT), Ecuador (35,300 MT), Mexico (35,200 MT), Honduras (23,100 MT), and the Dominican Republic (22,500 MT).

Soybean Oil:  Net sales of 600 MT for 2021/2022 were down 96 percent from the previous week and 90 percent from the prior 4-week average.  Increases were primarily for Canada (500 MT).  Exports of 26,500 MT were up noticeably from the previous week and from the prior 4-week average.  The destinations were to South Korea (23,400 MT), Hong Kong (1,900 MT), Mexico (700 MT), and Canada (500 MT).

Cotton:  Net sales of 27,500 RB for 2021/2022–a marketing-year low–were down 88 percent from the previous week and 76 percent from the prior 4-week average.  Increases primarily for India (19,800 RB), Peru (3,100 RB), Pakistan (2,600 RB), Guatemala (2,400 RB), and Vietnam (1,400 RB switched from China), were offset by reductions for China (3,300 RB), Turkey (1,900 RB), Ecuador (700 RB), and Thailand (300 RB).  Net sales of 90,600 RB for 2022/2023 primarily for El Salvador (28,400 RB), Guatemala (25,300 RB), Pakistan (11,000 RB), Peru (10,700 RB), and Mexico (7,800 RB), were offset by reductions for Costa Rica (900 RB).  Exports of 364,500 RB were down 15 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to China (107,700 RB), Turkey (60,700 RB), Pakistan (50,500 RB), Vietnam (46,700 RB), and Mexico (26,300 RB).  Net sales of Pima totaling 2,100 RB were down 38 percent from the previous week and 63 percent from the prior 4-week average.  Increases reported for Thailand (1,600 RB, including 400 RB switched from Vietnam), India (1,500 RB, including 1,100 RB switched from Italy), and Ethiopia (500 RB), were offset by reductions for Italy (1,100 RB) and Vietnam (400 RB).  Total net sales of 2,900 RB for 2022/2023 were reported for Peru.  Exports of 8,300 RB were down 61 percent from the previous week and 43 percent from the prior 4-week average.  The destinations were primarily to India (2,800 RB), Vietnam (1,700 RB), Pakistan (1,300 RB), Peru (1,200 RB), and Thailand (600 RB). 

Optional Origin Sales:  For 2021/2022, options were exercised to export 1,200 RB to Pakistan from the United States.  The current outstanding balance of 56,000 RB is for Vietnam (52,800 RB) and Pakistan (3,200 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 294,200 pieces for 2022 were down 39 percent from the previous week and 33 percent from the prior 4-week average.  Increases primarily for China (188,600 whole cattle hides, including decreases of 18,200 pieces), South Korea (43,100 whole cattle hides, including decreases of 3,500 pieces), Mexico (33,800 whole cattle hides, including decreases of 1,000 pieces), Brazil (24,700 whole cattle hides), and Thailand (6,700 whole cattle hides, including decreases of 1,200 pieces), were offset by reductions primarily for Italy (2,200 pieces) and Taiwan (700 pieces).  Exports of 439,900 pieces were up 3 percent from the previous week, but down 3 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (262,100 pieces), South Korea (52,100 pieces), Thailand (38,700 pieces), Mexico (37,800 pieces), and Italy (22,800 pieces). 

Net sales of 27,400 wet blues for 2022 were down 69 percent from the previous week and 78 percent from the prior 4-week average.  Increases primarily for Thailand (9,500 unsplit, including decreases of 500 unsplit), Mexico (6,900 unsplit), Vietnam (5,200 unsplit, including decreases of 12,300 unsplit), China (2,500 unsplit, including decreases of 6,400 unsplit), and the Dominican Republic (2,400 unsplit), were offset by reductions for Portugal (800 grain splits) and Italy (100 grain splits).  Exports of 170,900 wet blues were up 4 percent from the previous week and 8 percent from the prior 4-week average.  The destinations were primarily to Italy (50,800 unsplit and 8,900 grain splits), Vietnam (59,200 unsplit), China (33,900 unsplit), Thailand (7,500 unsplit), and Portugal (5,600 grain splits).  Net sales reductions of 18,100 splits were down noticeably from the previous week and from the prior 4-week average.  Reductions were reported for Vietnam (15,300 pounds) and South Korea (2,800 pounds).  Exports of 271,100 pounds were down 44 percent from the previous week and 55 percent from the prior 4-week average. The destination was to Vietnam.

Beef:  Net sales of 28,400 MT for 2022–a marketing-year high–were up 95 percent from the previous week and from the prior 4-week average.  Increases were primarily for South Korea (12,000 MT, including decreases of 700 MT), Japan (7,200 MT, including decreases of 500 MT), Mexico (3,600 MT), Canada (1,100 MT), and Indonesia (900 MT).  Exports of 19,700 MT were down 3 percent from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to South Korea (6,000 MT), Japan (5,800 MT), China (2,500 MT), Taiwan (1,300 MT), and Mexico (1,200 MT). 

Pork:  Net sales of 26,300 MT for 2022 were up 10 percent from the previous week and 14 percent from the prior 4-week average.  Increases were primarily for Mexico (9,600 MT, including decreases of 700 MT), China (4,700 MT, including decreases of 300 MT), South Korea (3,800 MT, including decreases of 700 MT), Japan (3,000 MT, including decreases of 200 MT), and Colombia (2,600 MT).  Exports of 33,100 MT–a marketing-year high–were up 3 percent from the previous week and 9 percent from the prior 4-week average.  The destinations were primarily to Mexico (14,600 MT), China (4,300 MT), South Korea (4,000 MT), Japan (3,900 MT), and Colombia (1,500 MT).

May 12, 2022                                                    1                FOREIGN AGRICULTURAL SERVICE/USDA 

SUMMARY OF EXPORT TRANSACTIONS

Reported Under the Daily Reporting System           
For Period Ending MAY 5, 2022

              

*NO SALES WERE REPORTED DURING THE ABOVE PERIOD.