FI Weekly USDA Export Sales Snapshot 06/09/22

PDF attached

 

 

USDA Export Sales

US soybean export sales were near the higher end of expectations and products either below or at the low end of a trade range. China booked 128,900 tons of soybeans. USDA corn export sales were up from the previous week and within expectations but slow for this time of year. No corn was sold to China. US wheat export sales for the current 2022-23 marketing year were very good at 451,000 tons and included unknown destinations, Mexico and the Philippines.

 

 

 

This summary is based on reports from exporters for the period May 27-June 2, 2022.

Wheat:  Net sales of 451,000 MT for the 2022/2023 marketing year, which began June 1, were primarily for unknown destinations (117,600 MT), Mexico (73,200 MT, including decreases of 1,500 MT), the Philippines (69,200 MT, including decreases of 3,700 MT), Switzerland (50,000 MT), and Taiwan (40,000 MT).  A total of 740,300 MT in sales were carried over from the 2021/2022 marketing year, which ended May 31.  Exports for the period ending May 31, of 138,800 MT brought accumulated exports to 18,668,900 MT, down 25 percent from the prior year’s total of 24,806,600 MT.  The destinations were primarily to South Korea (50,700 MT), Guatemala (25,100 MT), Mexico (24,400 MT), Costa Rica (13,200 MT), and Nigeria (12,100 MT).  Exports for June 1- 2 of 212,000 MT were primarily to Mexico (62,700 MT), the Philippines (57,900 MT), Japan (34,700 MT), South Korea (32,900 MT), and Italy (23,700 MT).

Corn:  Net sales of 280,400 MT for 2021/2022 were up 51 percent from the previous week and 19 percent from the prior 4-week average.  Increases primarily for Mexico (89,500 MT, including decreases of 39,500 MT), Japan (76,500 MT, including 73,900 MT switched from unknown destinations), Colombia (34,400 MT, including 30,000 MT switched from unknown destinations and decreases of 12,800 MT), Venezuela (28,300 MT, including 15,000 MT switched from unknown destinations and decreases of 1,700 MT), and Jamaica (27,900 MT), were offset by reductions primarily for unknown destinations (41,300 MT) and Guatemala (27,300 MT).  Net sales of 73,500 MT for 2022/2023 reported for unknown destinations (53,800 MT), Mexico (20,000 MT), and Jamaica (9,700 MT), were offset by reductions for Japan (10,000 MT).  Exports of 1,381,600 MT were down 13 percent from the previous week and 12 percent from the prior 4-week average.  The destinations were primarily to Mexico (344,900 MT), China (266,600 MT), Taiwan (144,400 MT), Japan (118,700 MT), and Colombia (84,700 MT).

Optional Origin Sales:  For 2021/2022, options were exercised to export 60,000 MT to unknown destinations from the United States.  The current outstanding balance of 218,300 MT is for unknown destinations (175,000 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 were reported for the 2022/2023 marketing year, which began June 1.  A total of 5,200 MT in sales were carried over from the 2021/2022 marketing year, which ended May 31.  Accumulated exports were 15,300 MT, down 43 percent from the prior year’s total of 26,800 MT.  There were no exports for the period ending May 31 and no exports for the period ending June 1.

Sorghum:  Net sales of 10,200 MT for 2021/2022 were down 69 percent from the previous week and down noticeably from the prior 4-week average.  Increases reported for China (73,200 MT, including decreases of 600 MT), were offset by reductions for unknown destinations (63,000 MT).  Exports of 217,700 MT were up 60 percent from the previous week and 10 percent from the prior 4-week average.  The destination was China.

Rice:  Net sales of 7,600 MT for 2021/2022–a marketing-year low–were down 63 percent from the previous week and 67 percent from the prior 4-week average.  Increases primarily for Jordan (3,000 MT), Canada (1,700 MT), Saudi Arabia (1,300 MT, including 1,000 MT switched from Jordan), Guatemala (1,200 MT), and Mexico (800 MT), were offset by reductions for Colombia (1,000 MT) and New Zealand (200 MT).  Net sales of 700 MT for 2022/2023 were for Guatemala.  Exports of 24,600 MT were down 61 percent from the previous week and 38 percent from the prior 4-week average.  The destinations were primarily to Colombia (14,300 MT), Jordan (4,300 MT), Canada (1,800 MT), Saudi Arabia (1,700 MT), and Mexico (1,200 MT).

Soybeans:  Net sales of 429,900 MT for 2021/2022 were up noticeably from the previous week and up 41 percent from the prior 4-week average.  Increases primarily for China (128,900 MT, including decreases of 10,900 MT), Egypt (117,500 MT, including 52,000 MT switched from unknown destinations), Germany (66,000 MT), Pakistan (55,000 MT), and Mexico (29,200 MT, including decreases of 7,000 MT), were offset by reductions for unknown destinations (27,000 MT) and South Korea (300 MT).  Net sales of 595,300 MT for 2022/2023 were primarily for Pakistan (297,000 MT), China (261,000 MT), Japan (12,300 MT), Mexico (10,000 MT), and unknown destinations (10,000 MT).  Exports of 476,500 MT were up 17 percent from the previous week, but down 17 percent from the prior 4-week average.  The destinations were primarily to Mexico (190,200 MT), Germany (66,000 MT), Egypt (52,500 MT), Japan (37,200 MT), and Colombia (27,700 MT). 

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 63,500 MT, all Canada.

Export Adjustments:  Accumulated exports of soybeans to the Netherlands were adjusted down 65,999 MT for week ending May 19th.  The correct destination for this shipment is Germany. 

Soybean Cake and Meal:  Net sales of 134,400 MT for 2021/2022 were down 29 percent from the previous week and 35 percent from the prior 4-week average.  Increases primarily for Mexico (46,100 MT), Venezuela (40,000 MT, including 18,000 MT switched from unknown destinations and decreases of 100 MT), Guatemala (14,000 MT), El Salvador (11,300 MT, including 4,200 MT switched from Guatemala), and the Dominican Republic (11,100 MT), were offset by reductions primarily for unknown destinations (18,000 MT), Costa Rica (6,400 MT), and Belgium (2,400 MT).  Total net sales of 8,700 MT for 2022/2023 were reported for Costa Rica.  Exports of 229,400 MT were up 36 percent from the previous week and 17 percent from the prior 4-week average.  The destinations were primarily to the Philippines (48,000 MT), Mexico (30,700 MT), Venezuela (28,000 MT), Honduras (25,500 MT), and Panama (19,700 MT).

Soybean Oil:  Net sales of 1,300 MT for 2021/2022 were down 70 percent from the previous week and 52 percent from the prior 4-week average.  Increases primarily for Colombia (2,300 MT switched from Costa Rica) and Guatemala (1,000 MT, including decreases of 2,000 MT), were offset by reductions for Costa Rica (2,300 MT).  Exports of 7,700 MT were down 30 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were to Costa Rica (4,000 MT), Colombia (2,300 MT), Canada (900 MT), and Mexico (500 MT).

Cotton:  Net sales of 259,200 RB for 2021/2022 were down 27 percent from the previous week, but up 96 percent from the prior 4-week average.  Increases primarily for China (114,500 RB, including decreases of 300 RB), Vietnam (104,600 RB, including 400 RB switched from Japan, 400 RB switched from South Korea, and 100 RB switched from China), Turkey (16,700 RB, including decreases of 7,600 RB), Bangladesh (13,200 RB), and India (2,200 RB), were offset by reductions for South Korea (400 RB).  Net sales of 102,900 RB for 2022/2023 reported for China (66,100 RB), Guatemala (25,900 RB), Mexico (11,000 RB), Japan (4,000 RB), and Thailand (1,300 RB), were offset by reductions for Pakistan (5,400 RB).  Exports of 335,900 RB were down 31 percent from the previous week and 11 percent from the prior 4-week average.  The destinations were primarily to China (95,400 RB), Vietnam (56,200 RB), Pakistan (41,200 RB), Turkey (38,800 RB), and India (24,300 RB).  Net sales of Pima totaling 400 RB were up 11 percent from the previous week, but down 80 percent from the prior 4-week average.  Increases primarily for Pakistan (200 RB), Indonesia (100 RB), Japan (100 RB), and Honduras (100 RB), were offset by reductions for Mexico (100 RB).  Exports of 11,100 RB were down 25 percent from the previous week, but up 15 percent from the prior 4-week average.  The destinations were primarily to India (5,700 RB), China (4,500 RB), Peru (400 RB), and South Korea (300 RB).

Optional Origin Sales:  For 2021/2022, options were exercised to export 12,400 RB to Vietnam from the United States.  Options were exercised to export 400 RB to Pakistan from other than the United States.  The current outstanding balance of 22,900 RB is for Vietnam (20,400 RB) and Pakistan (2,500 RB).

Export 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 342,100 pieces for 2022 were down 3 percent from the previous week and 18 percent from the prior 4-week average.  Increases primarily for China (219,400 whole cattle hides, including decreases of 23,000 pieces), Mexico (46,000 whole cattle hides, including decreases of 2,400 pieces), South Korea (24,100 whole cattle hides, including decreases of 3,500 pieces), Thailand (13,300 whole cattle hides, including decreases of 3,000 pieces), and Brazil (12,000 whole cattle hides, including decreases of 100 pieces), were offset by reductions primarily for Japan (1,800 pieces) and Vietnam (700 pieces).  Exports of 356,000 pieces were down 15 percent from the previous week and 17 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (192,800 pieces), South Korea (53,000 pieces), Mexico (46,700 pieces), Thailand (44,500 pieces), and Brazil (5,700 pieces).

Net sales of 139,200 wet blues for 2022 were down 26 percent from the previous week and 2 percent from the prior 4-week average.  Increases reported for Vietnam (71,500 unsplit), China (33,100 unsplit), Italy (25,600 unsplit, including decreases of 100 unsplit and 100 grain splits), Taiwan (7,800 unsplit), and Mexico (1,700 unsplit), were offset by reductions for Thailand (200 unsplit) and Portugal (100 grain splits).  Exports of 151,600 wet blues were up 55 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to Vietnam (48,200 unsplit), China (46,900 unsplit), Italy (21,200 unsplit and 13,900 grain splits), Thailand (13,200 unsplit), and Mexico (4,300 unsplit).  Net sales of 26,500 splits were down 98 percent from the previous week and 94 percent from the prior 4-week average.  Increases reported for Taiwan (40,000 pounds), were offset by reductions for Vietnam (7,900 pounds) and South Korea (5,600 pounds).  Exports of 267,800 pounds were down 45 percent from the previous week and 44 percent from the prior 4-week average. The destination was to Vietnam.

Beef:  Net sales of 17,700 MT for 2022 were down 1 percent from the previous week and 21 percent from the prior 4-week average.  Increases were primarily for Japan (5,600 MT, including decreases of 900 MT), China (5,200 MT, including decreases of 300 MT), South Korea (3,600 MT, including decreases of 600 MT), Canada (1,000 MT), and Mexico (800 MT, including decreases of 100 MT).  Total net sales of 400 MT for 2023 were reported for Canada.  Exports of 17,400 MT were down 9 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Japan (6,000 MT), South Korea (4,600 MT), China (2,400 MT), Mexico (900 MT), and Canada (800 MT).

Pork:  Net sales of 16,700 MT for 2022 were down 48 percent from the previous week and 44 percent from the prior 4-week average.  Increases primarily for Mexico (8,300 MT, including decreases of 200 MT), Japan (4,700 MT, including decreases of 100 MT), South Korea (900 MT, including decreases of 500 MT), Canada (800 MT, including decreases of 400 MT), and Colombia (700 MT), were offset by reductions for Chile (100 MT).  Exports of 24,300 MT were down 22 percent from the previous week and 24 percent from the prior 4-week average.  The destinations were primarily to Mexico (11,300 MT), Japan (3,500 MT), China (3,300 MT), South Korea (1,800 MT), and Canada (1,200 MT).

June 9, 2022                                                      1                FOREIGN AGRICULTURAL SERVICE/USDA

SUMMARY OF EXPORT TRANSACTIONS

Reported Under the Daily Reporting System           
For Period Ending JUNE 2, 2022

              

COMMODITY                                  DESTINATION                                      QUANTITY (MT)                                MARKETING

 

CORN                                                 UNKNOWN                                           101,600 MT 1/                                      2021/2022

SOYBEANS                                        CHINA                                                    66,000 MT 1/                                       2021/2022      

SOYBEANS                                        CHINA                                                    66,000 MT 1/                                       2022/2023

SOYBEANS                                        PAKISTAN                                             55,000 MT 1/                                       2021/2022   

SOYBEANS                                        PAKISTAN                                          297,000 MT 1/                                        2022/2023

 

1/ Export sales.   

                                                  

 

U.S. EXPORT SALES FOR WEEK ENDING  6/2/2022

 

	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
WHEAT	THOUSAND METRIC TONS
HRW	99.3	1,160.1	1,606.9	62.8	62.8	59.6	0.0	0.0
SRW	110.7	919.6	995.2	31.2	31.2	0.0	0.0	0.0
HRS	120.3	1,367.0	1,624.1	60.0	60.0	21.9	0.0	0.0
WHITE	120.7	835.8	1,114.8	58.0	58.0	54.7	0.0	0.0
DURUM	0.0	64.4	35.2	0.0	0.0	0.0	0.0	0.0
TOTAL	451.0	4,346.8	5,376.2	212.0	212.0	136.3	0.0	0.0
BARLEY	0.0	13.8	24.7	0.0	0.0	0.0	0.0	0.0
CORN	280.4	11,840.2	16,386.1	1,381.6	47,681.9	52,911.7	73.5	5,760.4
SORGHUM	10.2	914.6	1,010.2	217.7	5,889.7	6,220.9	0.0	0.0
SOYBEANS	429.9	9,883.4	3,807.9	476.5	50,077.1	57,732.9	595.3	12,697.4
SOY MEAL	134.4	2,606.5	1,983.0	229.4	8,237.8	8,457.9	8.7	420.0
SOY OIL	1.3	98.1	35.0	7.7	578.7	636.0	0.0	0.0
RICE
L G RGH	1.7	125.3	188.7	0.3	1,139.8	1,456.4	0.7	6.7
M S RGH	0.0	7.5	16.1	0.0	13.4	24.8	0.0	0.0
L G BRN	0.2	5.0	13.1	0.4	49.0	37.6	0.0	0.0
M&S BR	0.0	9.9	45.2	0.1	77.6	111.3	0.0	0.0
L G MLD	4.8	62.0	60.3	23.0	705.7	555.8	0.0	0.0
M S MLD	0.9	169.6	180.8	0.8	350.6	503.9	0.0	0.0
TOTAL	7.6	379.3	504.2	24.6	2,336.1	2,689.8	0.7	6.7
COTTON		THOUSAND RUNNING BALES
UPLAND	259.2	5,073.4	2,980.6	335.9	10,438.8	12,854.9	102.9	3,362.8
PIMA	0.4	73.8	145.2	11.1	403.1	663.4	0.0	52.8

 

FINAL 2021/22 MARKETING YEAR
COMMODITY	NET SALES	CARRYOVER SALES 1/	05/31/2022 EXPORTS	ACCUMULATED EXPORTS
WHEAT
HRW	5.9	308.4	65.9	7,172.4
SRW	1.4	87.7	25.9	2,785.9
HRS	-39.3	228.8	34.9	5,253.7
WHITE	4.6	115.3	12.1	3,260.5
DURUM	0.0	0.0	0.0	196.3
TOTAL	-27.5	740.3	138.8	18,668.9
BARLEY	0.0	5.2	0.0	15.3