FI Weekly USDA Export Sales Snapshot 06/03/12

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China reduced old crop soybean commitments

 

 

 

This summary is based on reports from exporters for the period May 20-26, 2022.

Wheat:  Net sales 700 metric tons (MT) for 2021/2022 were down noticeably from the previous week and down 98 percent from the prior 4-week average.  Increases primarily for Venezuela (7,000 MT), the Philippines (3,000 MT), Mexico (2,500 MT, including decreases of 700 MT), Taiwan (2,000 MT), and Italy (1,500 MT), were offset by reductions for Colombia (15,100 MT), Peru (1,900 MT), the Dominican Republic (500 MT), and unknown destinations (500 MT).  Net sales of 363,500 MT for 2022/2023 primarily for South Korea (108,400 MT), Thailand (60,000 MT), Egypt (60,000 MT), Mexico (41,900 MT), and Colombia (35,200 MT), were offset by reductions for unknown destinations (94,500 MT).  Exports of 372,700 MT were up 25 percent from the previous week and 18 percent from the prior 4-week average.  The destinations were primarily to Mexico (82,400 MT), Nigeria (78,700 MT), the Philippines (65,000 MT), Taiwan (42,000 MT), and Peru (33,100 MT). 

Late Reporting: For 2021/2022, net sales and exports totaling 7,000 MT of hard red winter wheat was reported late for Venezuela. 

Corn:  Net sales of 185,800 MT for 2021/2022 were up 23 percent from the previous week, but down 52 percent from the prior 4-week average.  Increases primarily for Saudi Arabia (74,800 MT, including 68,000 MT switched from unknown destinations), Japan (70,200 MT, including 47,500 MT switched from unknown destinations and decreases of 16,300 MT), South Korea (65,500 MT, including decreases of 5,300 MT), China (62,800 MT, including 66,000 MT switched from unknown destinations and decreases of 3,200 MT), and Mexico (59,300 MT, including decreases of 89,000 MT), were offset by reductions primarily for unknown destinations (284,900 MT).  Net sales of 48,700 MT for 2022/2023 were reported for Colombia (30,000 MT), Honduras (8,700 MT), Guatemala (7,000 MT), and unknown destinations (3,000 MT).  Exports of 1,579,700 MT were down 13 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to Mexico (288,600 MT), Japan (283,100 MT), China (268,800 MT), Colombia (162,800 MT), and South Korea (131,500 MT). 

Optional Origin Sales:  For 2021/2022, options were exercised to export 65,000 MT to South Korea from the United States.  The current outstanding balance of 278,300 MT is for unknown destinations (235,000 MT), Italy (34,300 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 32,700 MT for 2021/2022 were down noticeably from the previous week, but up noticeably from the prior 4-week average.  Increases reported for China (65,700 MT, including 62,800 MT switched from unknown destinations) and Eritrea (30,000 MT), were offset by reductions for unknown destinations (63,000 MT).  Exports of 136,000 MT were down 29 percent from the previous week and 37 percent from the prior 4-week average.  The destination was China.

Rice:  Net sales of 20,500 MT for 2021/2022 were down 31 percent from the previous week, but unchanged from the prior 4-week average.  Increases were primarily for Honduras (8,000 MT), Haiti (7,100 MT, including decreases of 200 MT), Mexico (3,200 MT), Canada (1,500 MT), and El Salvador (300 MT).  Exports of 63,300 MT were up noticeably from the previous week and up 95 percent from the prior 4-week average.  The destinations were primarily to Mexico (30,500 MT), Haiti (15,100 MT), Japan (13,200 MT), South Korea (2,800 MT), and Canada (1,200 MT).

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

Soybeans:  Net sales of 111,600 MT for 2021/2022–a marketing-year low–were down 60 percent from the previous week and 77 percent from the prior 4-week average.  Increases primarily for the Netherlands (68,400 MT, including 63,000 MT switched from unknown destinations and decreases of 600 MT), Egypt (54,000 MT), Mexico (50,900 MT), Colombia (29,900 MT, including decreases of 200 MT), and Tunisia (27,100 MT, including 30,000 MT switched from unknown destinations and decreases of 3,000 MT), were offset by reductions primarily for China (72,200 MT), Italy (46,000 MT), and unknown destinations (29,300 MT).  Net sales of 284,000 MT for 2022/2023 were primarily for unknown destinations (105,000 MT), Pakistan (66,000 MT), Egypt (65,000 MT), and Mexico (44,000 MT).  Exports of 406,300 MT were down 25 percent from the previous week and 36 percent from the prior 4-week average.  The destinations were primarily to Egypt (118,000 MT), China (70,000 MT), the Netherlands (68,400 MT), Japan (35,100 MT), and Mexico (27,200 MT). 

Export for Own Account: For 2021/2022, new optional origin sales of 29,900 MT were reported for Canada.  Exports for own account totaling 57,500 MT to Canada were applied to new or outstanding sales.  The current exports for own account outstanding balance is 63,500 MT, all Canada.

Soybean Cake and Meal:  Net sales of 188,900 MT for 2021/2022 were up 18 percent from the previous week, but down 13 percent from the prior 4-week average.  Increases primarily for Colombia (95,800 MT, including 20,000 MT switched from unknown destinations and decreases of 1,100 MT), the Philippines (45,500 MT, including decreases of 500 MT), Mexico (24,500 MT, including decreases of 5,300 MT), Canada (10,100 MT, including decreases of 4,500 MT), and Ecuador (8,000 MT), were offset by reductions primarily for unknown destinations (22,900 MT) and El Salvador (3,400 MT).  Total net sales of 100 MT for 2022/2023 were reported for Honduras.  Exports of 169,000 MT were down 10 percent from the previous week and 21 percent from the prior 4-week average.  The destinations were primarily to Colombia (61,400 MT), Canada (25,500 MT), the Dominican Republic (25,300 MT), Mexico (20,900 MT), and Venezuela (15,400 MT).

Soybean Oil:  Net sales of 4,200 MT for 2021/2022 were down 32 percent from the previous week and 21 percent from the prior 4-week average.  Increases reported for Venezuela (4,500 MT), Mexico (4,000 MT), and Canada (2,000 MT), were offset by reductions for Guatemala (6,300 MT).  Exports of 11,100 MT were up noticeably from the previous week, but unchanged from the prior 4-week average.  The destinations were to Guatemala (5,700 MT), Mexico (3,800 MT), Honduras (1,100 MT), and Canada (500 MT).

Cotton:  Net sales of 354,200 RB for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for China (144,700 RB, including decreases of 5,400 RB), Vietnam (87,100 RB, including 1,400 RB switched from South Korea and decreases of 4,300 RB), Bangladesh (43,100 RB), Turkey (33,000 RB, including decreases of 400 RB), and India (24,500 RB, including 1,800 RB switched from Honduras, 1,300 RB switched from China, 1,000 RB switched from Malaysia, and decreases of 800 RB), were offset by reductions for Honduras (1,800 RB) and South Korea (600 RB).  Net sales of 109,100 RB for 2022/2023 primarily for China (88,200 RB), Mexico (12,400 RB), Turkey (4,400 RB), Indonesia (3,200 RB), and Thailand (2,800 RB), were offset by reductions for Honduras (2,600 RB) and Costa Rica (700 RB).  Exports of 484,200 RB–a marketing-year high–were up 52 percent from the previous week and 33 percent from the prior 4-week average.  The destinations were primarily to China (160,500 RB), Vietnam (93,100 RB), Turkey (83,400 RB), Pakistan (56,000 RB), and Bangladesh (15,000 RB).  Net sales of Pima totaling 400 RB–a marketing-year low–were down 91 percent from the previous week and 87 percent from the prior 4-week average.  Increases for Egypt (400 RB) and Indonesia (200 RB switched from Japan), were offset by reductions for Japan (200 RB).  Net sales of 1,200 RB for 2022/2023 were reported for India (900 RB) and Indonesia (300 RB).  Exports of 14,800 RB were up noticeably from the previous week and up 31 percent from the prior 4-week average.  The destinations were primarily to India (6,500 RB), China (3,800 RB), Egypt (900 RB), Bangladesh (800 RB), and Peru (700 RB). 

Optional Origin Sales:  For 2021/2022, options were exercised to export 4,900 RB primarily to Vietnam (4,600 RB) from the United States.  The current outstanding balance of 35,600 RB is for Vietnam (32,800 RB) and Pakistan (2,800 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 352,100 pieces for 2022 were down 16 percent from the previous week and 22 percent from the prior 4-week average.  Increases primarily for China (252,000 whole cattle hides, including decreases of 9,400 pieces), South Korea (48,800 whole cattle hides, including decreases of 900 pieces), Mexico (25,700 whole cattle hides, including decreases of 2,300 pieces), Brazil (25,200 whole cattle hides, including decreases of 800 pieces), and Colombia (2,800 whole cattle hides), were offset by reductions primarily for Indonesia (4,200 pieces) and Thailand (800 pieces).  Exports of 419,100 pieces were down 1 percent from the previous week and 3 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (207,800 pieces), Thailand (61,700 pieces), Mexico (60,700 pieces), South Korea (49,700 pieces), and Indonesia (14,700 pieces). 

Net sales of 188,700 wet blues for 2022 were up 71 percent from the previous week and 62 percent from the prior 4-week average.  Increases primarily for Italy (60,400 unsplit, including decreases of 100 unsplit), China (60,400 unsplit), Vietnam (52,200 unsplit), Mexico (10,300 unsplit), and Thailand (6,000 unsplit), were offset by reductions for Portugal (800 grain splits).  Exports of 97,800 wet blues were down 29 percent from the previous week and 40 percent from the prior 4-week average.  The destinations were primarily to Vietnam (35,000 unsplit), China (26,200 unsplit), Italy (21,400 unsplit and 200 grain splits), Portugal (5,600 grain splits), and Mexico (3,500 unsplit).  Net sales of 1,108,600 splits were up noticeably from the previous week and from the prior 4-week average.  Increases were primarily for Vietnam (971,100 pounds) and China (129,600 pounds, including decreases of 1,400 pounds).  Exports of 483,600 pounds were up 10 percent from the prior 4-week average, but unchanged from the prior 4-week average. The destination was primarily to Vietnam (400,000 pounds). 

Beef:  Net sales of 17,900 MT for 2022 were down 11 percent from the previous week and 17 percent from the prior 4-week average.  Increases primarily for Japan (6,000 MT, including decreases of 600 MT), China (4,800 MT, including decreases of 300 MT), South Korea (2,700 MT, including decreases of 400 MT), Taiwan (1,100 MT, including decreases of 100 MT), and Canada (900 MT), were offset by reductions for Colombia (100 MT).  Total net sales of 200 MT for 2023 were reported for Japan.  Exports of 19,200 MT were up 10 percent from the previous week, but down 1 percent from the prior 4-week average.  The destinations were primarily to South Korea (5,400 MT), Japan (4,900 MT), China (2,700 MT), Taiwan (1,300 MT), and Mexico (1,100 MT). 

Pork:  Net sales of 31,900 MT for 2022 were down 13 percent from the previous week, but up 15 percent from the prior 4-week average.  Increases were primarily for Mexico (13,000 MT, including decreases of 400 MT), China (9,000 MT, including decreases of 100 MT), South Korea (3,900 MT, including decreases of 400 MT), Japan (1,900 MT, including decreases of 100 MT), and Canada (1,900 MT, including decreases of 500 MT).  Exports of 31,200 MT were down 6 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to Mexico (14,200 MT), China (4,900 MT), Japan (3,700 MT), South Korea (2,700 MT), and Canada (1,500 MT).

 

U.S. EXPORT SALES FOR WEEK ENDING  5/26/2022   

	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	1.5	368.4	393.7	123.9	7,106.5	8,331.4	57.4	815.2
SRW	2.2	112.3	126.6	28.4	2,760.0	1,743.7	50.1	752.4
HRS	-3.7	303.0	424.6	173.7	5,218.9	7,337.4	170.9	1,077.9
WHITE	0.6	122.9	324.6	46.2	3,248.4	6,280.8	85.1	657.8
DURUM	0.0	0.0	28.6	0.5	196.3	653.8	0.0	64.4
TOTAL	0.7	906.6	1,298.0	372.7	18,530.1	24,347.1	363.5	3,367.6
BARLEY	0.0	5.2	2.6	0.0	15.3	26.8	0.0	8.6
CORN	185.8	12,941.4	17,843.5	1,579.7	46,300.3	51,264.8	48.7	5,686.8
SORGHUM	32.7	1,122.1	1,067.7	136.0	5,672.0	6,167.6	0.0	0.0
SOYBEANS	111.6	9,930.0	4,071.0	406.3	49,666.5	57,454.2	284.0	12,102.1
SOY MEAL	188.9	2,701.6	2,034.2	169.0	8,008.4	8,270.4	0.1	411.3
SOY OIL	4.2	104.6	50.5	11.1	571.0	617.3	0.0	0.0
RICE
L G RGH	11.2	123.9	220.8	29.4	1,139.4	1,414.3	0.0	6.0
M S RGH	0.0	7.5	16.1	0.5	13.4	24.8	0.0	0.0
L G BRN	0.1	5.2	13.5	0.1	48.6	37.1	0.0	0.0
M&S BR	0.1	9.9	45.1	0.0	77.6	111.2	0.0	0.0
L G MLD	8.2	80.3	59.5	16.5	682.7	539.6	0.0	0.0
M S MLD	1.0	169.5	185.2	16.7	349.8	497.4	0.0	0.0
TOTAL	20.5	396.2	540.1	63.3	2,311.6	2,624.4	0.0	6.0
COTTON		THOUSAND RUNNING BALES
UPLAND	354.2	5,150.1	3,130.8	484.2	10,102.9	12,596.6	109.1	3,259.8
PIMA	0.4	84.5	158.1	14.8	392.0	646.7	1.2	52.8