FI Weekly USDA Export Sales Snapshot 06/29/23

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Another week of 2022-23 weekly export sales reported near the lower end of the range, not surprising with the appreciation in prices for the week ending June 22. This may arm USDA to trim US soybean exports in the upcoming USDA report. Corn export could be left unchanged. New crop soybean, corn and wheat commitments slowed with the absence of China. On the other hand, sorghum sales were good at 112,000 tons for 2022-23. Pork sales were 26,700 tons.

 

 

 

 

Export Sales Highlights 

This summary is based on reports from exporters for the period June 16-22, 2023.

 

Wheat:  Net sales of 155,200 metric tons (MT) for 2023/2024 primarily for Japan (78,400 MT), Mexico (48,400 MT, including decreases of 11,000 MT), El Salvador (15,700 MT, including decreases of 100 MT), Ecuador (5,000 MT), and the Dominican Republic (4,500 MT), were offset by reductions for Colombia (2,500 MT), Guatemala (500 MT), and Jamaica (200 MT). Exports of 157,600 MT were primarily to Japan (49,400 MT), Taiwan (36,300 MT), Mexico (25,200 MT), Jamaica (21,800 MT), and Guatemala (17,300 MT). 

 

Corn:  Net sales of 140,400 MT for 2022/2023 were up noticeably from the previous week, but down 16 percent from the prior 4-week average. Increases primarily for Japan (103,700 MT, including 112,900 MT switched from unknown destinations and decreases of 3,600 MT), Mexico (92,700 MT, including decreases of 900 MT), Taiwan (18,500 MT), Jamaica (18,100 MT), and El Salvador (8,300 MT, including 7,500 MT switched from Honduras and decreases 900 MT), were offset by reductions for unknown destinations (87,500 MT), Colombia (14,500 MT), and Honduras (6,300 MT). Net sales of 123,500 MT for 2023/2024 were reported for Mexico (79,500 MT), Honduras (29,400 MT), and Canada (14,600 MT). Exports of 605,300 MT were down 9 percent from the previous week and 47 percent from the prior 4-week average. The destinations were primarily to Mexico (315,600 MT), Japan (138,300 MT), Colombia (53,400 MT), El Salvador (24,400 MT), and Panama (19,700 MT).

 

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

 

Sorghum:  Net sales of 112,000 MT for 2022/2023 were up 90 percent from the previous week and 21 percent from the prior 4-week average. Increases reported for unknown destinations (118,000 MT), were offset by reductions for China (6,000 MT). Total net sales of 60,000 MT for 2023/2024 were for unknown destinations. Exports of 60,900 MT were up noticeably from the previous week and up 74 percent from the prior 4-week average. The destinations were to China (60,000 MT) and Mexico (900 MT).

 

Rice:  Net sales of 19,500 MT for 2022/2023 were up 47 percent from the previous week and 54 percent from the prior 4-week average. Increases were primarily for Haiti (15,000 MT, including decreases of 3,800 MT), Canada (2,200 MT), Mexico (1,100 MT, including decreases of 600 MT), Saudi Arabia (700 MT), and Guatemala (100 MT). Exports of 33,500 MT were down 25 percent from the previous week and 30 percent from the prior 4-week average. The destinations were primarily to Haiti (15,100 MT), Guatemala (10,700 MT), Mexico (5,100 MT), Canada (1,500 MT), and El Salvador (500 MT).

 

Soybeans:  Net sales of 227,400 MT for 2022/2023 were down 50 percent from the previous week and 28 percent from the prior 4-week average. Increases primarily for Mexico (87,000 MT, including decreases of 2,500 MT), unknown destinations (52,800 MT), Japan (38,700 MT, including 39,200 MT switched from unknown destinations and decreases of 1,200 MT), Indonesia (31,000 MT), and Taiwan (9,400 MT), were offset by reductions for the Philippines (100 MT). Net sales of 17,000 MT for 2023/2024 reported for Mexico (20,000 MT), were offset by reductions for China (3,000 MT). Exports of 191,000 MT were down 51 percent from the previous week and 24 percent from the prior 4-week average. The destinations were primarily to Mexico (99,000 MT), Japan (44,700 MT), Indonesia (11,400 MT), Colombia (9,900 MT), and Taiwan (7,000 MT).

 

Optional Origin Sales:  For 2022/2023, the current outstanding balance of 300 MT, all South Korea.

 

Export for Own Account:  For 2022/2023, the current exports for own account outstanding balance of 1,800 MT are for Canada (1,400 MT) and Taiwan (400 MT).

 

Soybean Cake and Meal:  Net sales of 104,800 MT for 2022/2023 were down 23 percent from the previous week and 55 percent from the prior 4-week average. Increases primarily for the Dominican Republic (20,500 MT, including decreases of 800 MT), Mexico (18,000 MT), El Salvador (17,800 MT, including 12,000 MT switched from Nicaragua, 700 MT switched from Guatemala, and decreases of 1,000 MT), Colombia (12,300 MT, including decreases of 14,600 MT), and Canada (9,300 MT), were offset by reductions for Nicaragua (12,000 MT) and Ecuador (100 MT). Net sales of 68,700 MT for 2023/2024 were primarily for Mexico (38,100 MT), Canada (17,100 MT), and El Salvador (13,100 MT). Exports of 251,300 MT were down 22 percent from the previous week and 5 percent from the prior 4-week average. The destinations were primarily to the Philippines (49,500 MT), Colombia (43,500 MT), Mexico (33,700 MT), Ecuador (24,900 MT), and Canada (20,800 MT).

 

Soybean Oil:  Net sales of 1,000 MT for 2022/2023 were up noticeably from the previous week and up 5 percent from the prior 4-week average. Increases were primarily for Canada (900 MT). Exports of 3,900 MT were up noticeably from the previous week, but down 36 percent from the prior 4-week average. The destinations were primarily to Jamaica (3,500 MT) and Canada (300 MT).

 

Cotton:  Net sales of 125,600 RB for 2022/2023 were up noticeably from the previous week, but down 44 percent from the prior 4-week average. Increases primarily for China (77,400 RB, including decreases of 4,400 RB), Vietnam (37,500 RB, including 400 RB switched from South Korea), Taiwan (4,400 RB), Pakistan (4,400 RB), and Bangladesh (4,400 RB), were offset by reductions for Turkey (10,100 RB), Guatemala (1,900 RB), and South Korea (400 RB). Net sales of 158,700 RB for 2023/2024 primarily for El Salvador (72,200 RB), Honduras (30,800 RB), Turkey (19,600 RB), China (15,800 RB), and Bangladesh (13,900 RB), were offset by reductions for Vietnam (2,200 RB). Exports of 225,200 RB were down 5 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to China (56,300 RB), Turkey (46,600 RB), Vietnam (44,700 RB), Pakistan (28,300 RB), and Indonesia (13,100 RB). Net sales of Pima totaling 3,600 RB for 2022/2023 were up 74 percent from the previous week and 45 percent from the prior 4-week average. Increases reported for India (3,300 RB), Vietnam (500 RB switched from Hong Kong), Japan (200 RB), and Thailand (100 RB), were offset by reductions for Hong Kong (500 RB). Total net sales of 100 RB for 2023/2024 were for Japan. Exports of 15,000 RB were up noticeably from the previous week and up 41 percent from the prior 4-week average. The destinations were primarily to India (12,300 RB), Egypt (1,500 RB), Thailand (600 RB), and Vietnam (500 RB). 

 

Optional Origin Sales:  For 2022/2023, the current outstanding balance of 300 RB, all Malaysia.

 

Export for Own Account:  For 2022/2023, the current exports for own account outstanding balance of 96,300 RB are for China (66,900 RB), Vietnam (19,300 RB), Pakistan (5,000 RB), South Korea (2,400 RB), India (1,500 RB), and Turkey (1,200 RB).

 

Hides and Skins:  Net sales of 352,300 pieces for 2023 were down 23 percent from the previous week and from the prior 4-week average. Increases were primarily for China (275,600 whole cattle hides, including decreases of 11,200 pieces), South Korea (29,700 whole cattle hides, including decreases of 800 pieces), Mexico (24,500 whole cattle hides, including decreases of 2,200 pieces), Thailand (8,300 whole cattle hides, including decreases of 200 pieces), and Brazil (6,500 whole cattle hides). Exports of 376,500 pieces were down 6 percent from the previous week and from the prior 4-week average. Whole cattle hides exports were primarily to China (281,000 pieces), Mexico (50,300 pieces), South Korea (26,700 pieces), Brazil (10,000 pieces), and Thailand (3,700 pieces).

 

Net sales of 181,400 wet blues for 2023 were up 66 percent from the previous week and 75 percent from the prior 4-week average. Increases were reported for Italy (114,500 unsplit), Brazil (16,500 unsplit), Vietnam (15,400 unsplit), China (15,300 unsplit), and Thailand (8,000 unsplit). Exports of 92,100 wet blues were down 26 percent from the previous week and 17 percent from the prior 4-week average. The destinations were primarily to China (35,600 unsplit), Vietnam (27,200 unsplit), Brazil (9,200 unsplit and 2,200 grain splits), Mexico (6,400 unsplit), and Hong Kong (5,000 unsplit). Total net sales of 42,000 splits were for China. No exports of splits were reported for the week.

 

Beef:  Net sales of 12,000 MT for 2023 were down 9 percent from the previous week and 16 percent from the prior 4-week average. Increases were primarily for China (2,500 MT, including decreases of 200 MT), Japan (2,500 MT, including decreases of 500 MT), Canada (1,400 MT, including decreases of 100 MT), Mexico (1,400 MT, including decreases of 100 MT), and Taiwan (1,200 MT, including decreases of 100 MT). Exports of 15,100 MT were down 15 percent from the previous week and 7 percent from the prior 4-week average. The destinations were primarily to Japan (4,200 MT), South Korea (3,600 MT), China (1,800 MT), Taiwan (1,600 MT), and Mexico (1,400 MT).

 

Pork:  Net sales of 26,700 MT for 2023 were down 7 percent from the previous week, but up 3 percent from the prior 4-week average. Increases were primarily for Mexico (15,100 MT, including decreases of 200 MT), South Korea (4,100 MT, including decreases of 300 MT), Japan (2,600 MT, including decreases of 300 MT), Colombia (1,300 MT, including decreases of 100 MT), and Canada (1,300 MT, including decreases of 700 MT). Exports of 29,300 MT were down 3 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (9,300 MT), China (3,900 MT), Japan (3,700 MT), South Korea (2,800 MT), and Australia (1,900 MT).

 

 

U.S. EXPORT SALES FOR WEEK ENDING 6/22/2023 

   

	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	99.1	730.8	1,342.9	25.1	183.3	339.7	0.0	0.0
SRW	43.3	1,112.9	996.1	33.6	127.5	151.2	0.0	14.0
HRS	5.3	1,025.1	1,267.8	62.9	250.5	402.6	0.0	0.2
WHITE	7.6	500.9	899.2	36.0	190.4	248.4	0.0	0.0
DURUM	0.0	92.9	104.4	0.0	1.7	18.0	0.0	0.0
TOTAL	155.2	3,462.7	4,610.3	157.6	753.4	1,159.9	0.0	14.2
BARLEY	0.0	16.3	11.5	0.0	0.0	2.2	0.0	0.0
CORN	140.4	4,536.7	8,952.8	605.3	34,251.7	51,471.0	123.5	3,150.1
SORGHUM	112.0	607.5	656.0	60.9	1,519.6	6,248.3	60.0	123.2
SOYBEANS	227.4	3,236.0	8,389.4	191.0	49,097.9	51,596.5	17.0	3,351.6
SOY MEAL	104.8	2,339.2	2,144.8	251.3	9,255.9	8,971.6	68.7	704.9
SOY OIL	1.0	38.4	82.5	3.9	91.1	603.0	0.0	3.8
RICE
L G RGH	0.1	48.0	70.9	15.3	683.2	1,246.1	0.0	38.0
M S RGH	0.0	32.1	6.8	0.0	26.0	14.1	0.0	5.0
L G BRN	0.6	6.0	3.5	0.2	19.3	51.0	0.0	0.0
M&S BR	0.0	6.7	9.8	0.0	38.9	77.9	0.0	0.0
L G MLD	16.8	100.4	67.3	16.8	650.0	750.4	0.0	40.0
M S MLD	1.9	63.1	134.7	1.2	257.1	398.8	0.0	40.2
TOTAL	19.5	256.2	293.0	33.5	1,674.5	2,538.4	0.0	123.1
COTTON		THOUSAND RUNNING BALES
UPLAND	125.6	3,290.5	4,092.2	225.2	10,487.7	11,510.9	158.7	2,127.9
PIMA	3.6	29.2	58.0	15.0	291.6	421.8	0.1	4.8