FI Weekly USDA Export Sales Snapshot 07/29/21

PDF attached

 

USDA Export Sales

Overall poor SBO and good for meal (shipments), ok of soybeans and corn (poor old-crop/improvement for new-crop), and positive for wheat.  The USDA all-wheat export sales were 515,200 tons and included China for 128,900 tons (130,000 was switched from unknown) and Mexico for 85,600 tons.  Old crop corn posted another week of reductions (115,200 tons) and new crop was 529,300 tons, a big improvement from recent weekly sales for 2021-21.  New-crop corn destinations included Mexico (172,000 MT), unknown destinations (150,000 MT), Colombia (129,100 MT), and Japan (50,000).  US soybean export sales were negative 79,200 tons old crop and 312,800 tons new-crop, both within expectations.  Soybean oil sales were poor and meal sales were low but within expectations.  Meal shipments of 242,200 tons are supportive and included the Philippines (48,500 MT), Ireland (44,000 MT), the Dominican Republic (32,700 MT), Mexico (32,600 MT), and Ecuador (29,100 MT). Pork sales were excellent at 38,500 tons, with bulk for Mexico.  There were only 2,000 tons of sorghum export sales and barley posted a small 200 ton reduction. 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  07/22/2021

	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	222.8	1,689.5	1,732.0	164.4	1,023.2	1,792.4	0.0	0.0
SRW	167.9	1,077.2	659.9	58.1	390.7	266.7	-5.0	0.0
HRS	97.5	1,538.1	1,808.3	92.4	834.7	1,047.1	0.0	0.0
WHITE	27.1	1,062.0	1,280.4	30.2	438.3	546.1	0.0	0.0
DURUM	0.0	8.4	207.0	0.0	41.7	177.8	0.0	0.0
TOTAL	515.2	5,375.3	5,687.6	345.0	2,728.6	3,830.2	-5.0	0.0
BARLEY	-0.1	23.0	36.3	0.4	2.0	2.4	0.0	0.0
CORN	-115.2	7,543.2	5,677.7	1,361.0	62,112.1	38,003.4	529.3	16,656.7
SORGHUM	2.0	643.2	723.9	69.6	6,537.1	3,640.7	0.0	1,594.9
SOYBEANS	-79.3	2,808.7	7,448.7	244.2	59,100.0	39,146.7	312.8	10,177.7
SOY MEAL	87.3	1,914.8	1,794.6	242.2	9,762.1	9,876.5	73.1	1,130.4
SOY OIL	2.2	17.9	215.2	1.2	661.6	1,029.8	0.0	0.6
RICE
L G RGH	6.5	192.5	93.3	3.8	1,615.1	1,329.4	11.5	16.5
M S RGH	0.0	7.8	23.6	0.2	26.1	72.9	0.0	7.0
L G BRN	0.2	11.4	9.9	0.3	40.3	59.1	0.0	0.7
M&S BR	0.2	0.4	31.7	0.4	156.6	86.6	0.0	0.0
L G MLD	1.4	45.3	66.9	3.0	648.4	864.8	80.2	80.5
M S MLD	2.5	68.7	80.6	46.7	626.5	667.6	0.1	12.4
TOTAL	10.7	326.1	305.9	54.3	3,113.0	3,080.4	91.8	117.1
COTTON		THOUSAND RUNNING BALES
UPLAND	-1.2	1,585.8	3,340.7	238.3	14,603.5	13,784.2	192.2	3,164.7
PIMA	4.2	98.2	136.8	9.3	743.1	466.6	0.2	5.5

 

 

This summary is based on reports from exporters for the period July 16-22, 2021.

Wheat:  Net sales of 515,200 metric tons (MT) for 2021/2022 were up 9 percent from the previous week and 46 percent from the prior 4-week average.  Increases primarily for China (128,900 MT, including 130,000 MT switched from unknown destinations and decreases of 1,100 MT), Mexico (85,600 MT, including decreases of 11,100 MT), the Philippines (59,100 MT), Taiwan (52,100 MT), and Thailand (47,000 MT), were offset by reductions primarily for unknown destinations (5,000 MT) and Indonesia (1,600 MT).  Total net sales reductions for 2022/2023 of 5,000 MT were for unknown destinations.  Exports of 345,000 MT were down 27 percent from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to Mexico (84,600 MT), China (65,300 MT), the Philippines (57,200 MT), Nigeria (51,000 MT), and Taiwan (44,600 MT).

Corn:  Net sales reductions of 115,200 MT for 2020/2021–a marketing-year low–were up 30 percent from the previous week, but down noticeably from the prior 4-week average.  Increases primarily for Japan (36,300 MT, including 39,900 MT switched from unknown destinations and decreases of 16,100 MT), Venezuela (30,000 MT switched from unknown destinations), Barbados (6,300 MT), Canada (5,200 MT, including decreases of 700 MT), and Taiwan (2,500 MT), were more than offset by reductions primarily for China (119,300 MT) and unknown destinations (71,600 MT).  For 2021/2022, net sales of 529,300 MT were primarily for Mexico (172,000 MT), unknown destinations (150,000 MT), Colombia (129,100 MT), and Japan (50,000 MT).  Exports of 1,361,000 MT were up 36 percent from the previous week and 21 percent from the prior 4-week average.  The destinations were primarily to China (698,700 MT), Japan (308,500 MT), Mexico (256,900 MT), Venezuela (30,000 MT), and Jamaica (19,000 MT).

Optional Origin Sales:  For 2020/2021, the current outstanding balance of 30,500 MT is for unknown destinations.  For 2021/2022, the current outstanding balance of 60,000 MT is for unknown destinations.

Barley:  Total net sales reductions for 2021/2022 of 100 MT were for China.  Exports of 400 MT were up 62 percent from the previous week and up noticeably from the prior 4-week average.  The destinations were to China (200 MT) and Canada (200 MT).    

Sorghum:  Net sales of 2,000 MT for 2020/2021 resulting in increases for China (69,000 MT, including 68,000 MT switched from unknown destination) and Mexico (1,000 MT), were offset by reductions for unknown destinations (68,000 MT).  Exports of 69,600 MT were up 18 percent from the previous week and up noticeably from the prior 4-week average.  The destination was primarily to China (69,000 MT).

Rice:  Net sales of 10,700 MT for 2020/2021 were down 85 percent from the previous week and 64 percent from the prior 4-week average.  Increases primarily for Mexico (6,900 MT), Canada (2,200 MT), Jordan (1,400 MT), Belgium (500 MT), and Saudi Arabia (300 MT), were offset by reductions for Japan (900 MT).  For 2021/2022, net sales of 91,800 MT were primarily for Iraq (80,000 MT), Guatemala (7,500 MT), and Honduras (4,000 MT).  Exports of 54,300 MT were down 32 percent from the previous week and 12 percent from the prior 4-week average.  The destinations were primarily to Japan (40,100 MT), Mexico (4,600 MT), Canada (2,600 MT), Jordan (2,600 MT), and South Korea (1,600 MT).

Exports for Own Account:  For 2020/2021, new exports for own account totaling 100 MT were for Canada.  The current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales reductions of 79,300 MT for 2020/2021 were down noticeably from the previous week and from the prior 4-week average.  Increases primarily for Taiwan (12,800 MT), Mexico (6,100 MT, including decreases of 100 MT), Vietnam (5,800 MT, including decreases of 100 MT), South Korea (4,800 MT), and Bangladesh (4,500 MT), were offset by reductions for Japan (74,800 MT) and unknown destinations (51,500 MT).  For 2021/2022, net sales of 312,800 MT primarily for Mexico (160,500 MT), China (121,000 MT), Pakistan (66,000 MT), and Taiwan (21,500 MT), were offset by reductions for unknown destinations (64,000 MT).  Exports of 244,200 MT were up 49 percent from the previous week and 34 percent from the prior 4-week average.  The destinations were primarily to Mexico (106,700 MT), Bangladesh (59,500 MT), Canada (33,200 MT), Japan (20,600 MT), and Indonesia (13,000 MT).

Exports for Own Account:  For 2020/2021, the current exports for own account outstanding balance is 5,800 MT, all Canada.

Soybean Cake and Meal:  Net sales of 87,300 MT for 2020/2021 were up 28 percent from the previous week, but down 40 percent from the prior 4-week average.  Increases primarily for the Dominican Republic (32,800 MT), Mexico (25,500 MT, including decreases of 4,000 MT), Colombia (18,000 MT), unknown destinations (18,000 MT), and Canada (11,700 MT, including decreases of 1,400 MT), were offset by reductions for Slovenia (42,000 MT), Panama (5,100 MT), and Belgium (800 MT).  For 2021/2022, net sales of 73,100 MT were reported for Slovenia (42,000 MT), Canada (19,100 MT), Panama (7,100 MT), Honduras (3,600 MT), and Guatemala (1,300 MT).  Exports of 242,200 MT were up 66 percent from the previous week and 49 percent from the prior 4-week average.  The destinations were primarily to the Philippines (48,500 MT), Ireland (44,000 MT), the Dominican Republic (32,700 MT), Mexico (32,600 MT), and Ecuador (29,100 MT). 

Late Reporting: For 2020/2021, exports totaling 1,500 MT of soybean cake and meal were reported late to Panama.

Soybean Oil:  Net sales of 2,200 MT for 2020/2021 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for Canada (1,300 MT) and Mexico (900 MT).  Exports of 1,200 MT were down 58 percent from the previous week and 48 percent from the prior 4-week average.  The destinations were to Mexico (900 MT) and Canada (300 MT). 

Cotton:  Net sales reductions of 1,200 RB for 2020/2021–a marketing-year low were–down noticeably from the previous week and from the prior 4-week average.  Increases reported for Mexico (2,400 RB), Pakistan (900 RB), Peru (500 RB), South Korea (400 RB), and Egypt (100 RB), were more than offset by reductions for Indonesia (2,200 RB), Vietnam (2,000 RB), China (900 RB), and Japan (400 RB).  For 2021/2022, net sales of 192,200 RB primarily for Bangladesh (55,000 RB), Mexico (39,600 RB), Pakistan (33,700 RB), Vietnam (25,300 RB), and Turkey (14,300 RB), were offset by reductions for Guatemala (200 RB).  Exports of 238,300 RB were down 3 percent from the previous week and 5 percent from the prior 4-week average.  Exports were primarily to Turkey (54,200 RB), Pakistan (48,800 RB), Vietnam (29,300 RB), China (27,500 RB), and Indonesia (18,500 RB).  Net sales of Pima totaling 4,200 RB were up 22 percent from the previous week, but down 2 percent from the prior 4-week average.  Increases were primarily for Peru (2,300 RB) and India (900 RB).  For 2021/2022, net sales of 200 RB were reported for Thailand (100 RB) and Japan (100 RB).  Exports of 9,300 RB were down 10 percent from the previous week and 14 percent from the prior 4-week average.  The destinations were primarily to India (6,300 RB), Peru (1,500 RB), China (700 RB), Germany (400 RB), and Pakistan (200 RB).  

Exports for Own Account:  For 2020/2021, the current exports for own account totaling 1,000 RB to Vietnam were applied to new or outstanding sales.  The outstanding balance of 4,700 RB is for China.

Export Adjustments:  Accumulated exports of upland cotton to Thailand were adjusted down 352 RB for week ending July 15^th.  This shipment was reported in error.

Hides and Skins:  Net sales of 388,600 pieces for 2021 were up 9 percent from the previous week, but down 24 percent from the prior 4-week average.  Increases primarily for China (254,000 whole cattle hides, including decreases of 6,600 pieces), Brazil (59,600 whole cattle hides, including decreases of 600 pieces), South Korea (23,000 whole cattle hides, including decreases of 900 pieces), Taiwan (22,800 whole cattle hides, including decreases of 100 pieces), and Mexico (13,300 whole cattle hides, including decreases of 1,300 pieces), were offset by reductions for Japan (400 pieces) and Thailand (300 pieces).  Net sales of 1,300 kip skins were reported for China.  Exports of 391,100 pieces were down 26 percent from the previous week, but up 1 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (259,100 pieces), South Korea (48,200 pieces), Mexico (28,100 pieces), Brazil (11,400 pieces), and Taiwan (11,000 pieces).  In addition, exports of 1,400 kip skins were to Belgium.

Net sales of 52,000 wet blues for 2021 were down 81 percent from the previous week and 73 percent from the prior 4-week average.  Increases were primarily for Vietnam (23,100 unsplit, including decreases of 700 unsplit), Italy (18,800 unsplit, including decreases of 200 unsplit and 100 grain splits), Mexico (5,100 unsplit and 200 grain splits), and the Dominican Republic (4,500 unsplit).  Total net sales for 2022 of 4,000 unsplit were for Mexico.  Exports of 161,100 wet blues were down 13 percent from the previous week, but up 11 percent from the prior 4-week average.  The destinations were to Italy (57,200 unsplit and 6,000 grain splits), Vietnam (34,300 unsplit), China (32,700 unsplit), Mexico (11,200 unsplit and 10,300 grain splits), and the Dominican Republic (3,200 unsplit).  Net sales of 507,200 splits were primarily for China (286,400 pounds) and Taiwan (169,000 pounds, including decreases of 3,000 pounds).  Exports of 624,000 pounds were to Taiwan (464,000 pounds) and Vietnam (160,000 pounds).

Beef:  Net sales of 22,500 MT reported for 2021 were down 11 percent from the previous week, but up 28 percent from the prior 4-week average.  Increases were primarily for South Korea (8,200 MT, including decreases of 500 MT), Japan (6,100 MT, including decreases of 600 MT), and China (4,500 MT, including decreases of 100 MT).  Exports of 19,100 MT were down 11 percent from the previous week, but up 4 percent from the prior 4-week average.  The destinations were primarily to South Korea (5,100 MT), Japan (4,400 MT), China (3,100 MT), Taiwan (1,700 MT), and Mexico (1,500 MT).

Pork:  Net sales of 38,500 MT reported for 2021 were up 57 percent from the previous week and 43 percent from the prior 4-week average.  Increases were primarily for Mexico (25,100 MT, including decreases of 800 MT), Chile (3,300 MT, including decreases of 100 MT), Japan (3,200 MT, including decreases of 200 MT), Honduras (2,300 MT), and Colombia (2,000 MT, including decreases of 100 MT).  Total net sales for 2022 of 400 MT were for Chile.  Exports of 29,900 MT were down 3 percent from the previous week, but up 1 percent from the prior 4-week average.  The destinations were primarily to Mexico (12,300 MT), China (5,700 MT), Japan (4,000 MT), South Korea (2,100 MT), and Canada (1,700 MT).