FI Weekly USDA Export Sales Snapshot 08/04/22

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Export sales for soybeans on a combined crop year basis were within expectations with 2022-23 net increases including unknown destinations (154,000 MT), China (144,000 MT), Bangladesh (55,000 MT), and Mexico (44,100 MT). Soybean meal sales improved at 186,600 MT for 2021-20 and included the Philippines (95,800 MT), Colombia (55,800MT), and Honduras (10,400 MT).  Soybean oil net sales were only 1,300 MT. Corn export sales for 2021-22 were a low 57,900 tons. New crop corn sales were 256,700 tons and Mexico and unknow as the largest buyers. Crop-year to date corn sales are lagging 13 percent from the previous year. Sorghum sales were very low. Pork sales were a large 31,000 tons and included 16,800 tons for China. All wheat sales were 249,900 tons, down from 412,000 previous week. Unknown, Indonesia and Mexico were largest buyers.

 

 

 

 

Export Sales Highlights

This summary is based on reports from exporters for the period July 22-28, 2022.

Wheat: Net sales of 249,900 metric tons (MT) for 2022/2023 were down 39 percent from the previous week and 55 percent from the prior 4-week average.  Increases primarily for unknown destinations (80,000 MT), Indonesia (70,000 MT), Mexico (64,900 MT, including decreases of 500 MT), Costa Rica (11,500 MT, including 11,700 MT switched from Guatemala and decreases of 500 MT), and Venezuela (7,500 MT), were offset by reductions for Guatemala (15,100 MT), Peru (600 MT), and Panama (200 MT).  Exports of 288,400 MT were down 17 percent from the previous week, but up 10 percent from the prior 4-week average.  The destinations were primarily to Mexico (100,200 MT), Taiwan (42,000 MT), South Korea (33,000 MT), Guatemala (31,000 MT), and Colombia (19,800 MT). 

Corn:  Net sales of 57,900 MT for 2021/2022 were down 62 percent from the previous week, but up 31 percent from the prior 4-week average.  Increases primarily for Japan (53,800 MT, including 52,100 MT switched from unknown destinations and decreases of 700 MT), Mexico (36,200 MT, including decreases of 200 MT), the Netherlands (13,200 MT – Late), Trinidad and Tobago (9,700 MT switched from Jamaica), and China (5,700 MT), were offset by reductions for unknown destinations (51,600 MT), Jamaica (9,600 MT), Nicaragua (7,500 MT), Costa Rica (2,100 MT), and Barbados (1,200 MT).  Net sales of 256,700 MT for 2022/2023 reported for Mexico (213,000 MT), unknown destinations (28,800 MT), El Salvador (26,300 MT), and Honduras (3,500 MT), were offset by reductions for Colombia (10,000 MT) and Costa Rica (4,900 MT).  Exports of 1,021,100 MT were up 18 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to China (414,100 MT), Mexico (328,000 MT), Japan (158,800 MT), Canada (41,200 MT), and Honduras (21,300 MT). 

Optional Origin Sales:  For 2021/2022, new optional origin sales of 12,800 MT were reported for Italy.  The current outstanding balance of 121,000 MT is for unknown destinations (65,000 MT), Italy (47,000 MT), and Saudi Arabia (9,000 MT).  For 2022/2023, new optional origin sales of 10,400 MT were reported for Italy.  The current outstanding balance of 45,800 MT is for Italy.

Late Reporting: For 2021/2022, net sales and exports totaling 18,300 MT of corn were reported late for the Netherlands (13,200 MT) and Romania (5,100 MT).

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

Sorghum:  Net sales of 1,200 MT for 2021/2022 were down 66 percent from the previous week and 92 percent from the prior 4-week average.  Increases reported for China (66,100 MT, including 68,000 MT switched from unknown destinations and decreases of 2,000 MT) and Mexico (3,000 MT), were offset by reductions for unknown destinations (68,000 MT).  Total net sales of 68,000 MT for 2022/2023 were for unknown destinations.  Exports of 74,400 MT were up 2 percent from the previous week, but down 32 percent from the prior 4-week average.  The destination was primarily to China (70,500 MT).

Rice:  Net sales of 3,000 MT for 2021/2022–a marketing-year low–were down 87 percent from the previous week and 88 percent from the prior 4-week average.  Increases were primarily for Canada (1,700 MT), Mexico (600 MT), Honduras (500 MT), and the Netherlands Antilles (100 MT).  Net sales of 1,000 MT for 2022/2023 primarily for Mexico (800 MT) and Guatemala (300 MT), were offset by reductions for El Salvador (300 MT).  Exports of 25,300 MT were down 32 percent from the previous week and 33 percent from the prior 4-week average.  The destinations were primarily to Japan (12,000 MT), Honduras (5,500 MT), South Korea (3,000 MT), Canada (2,700 MT), and Mexico (1,600 MT).

Exports for Own Account: For 2021/2022, new exports for own account totaling 100 MT were reported for Canada.  The current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales reductions of 11,000 MT for 2021/2022 were down 81 percent from the previous week and 90 percent from the prior 4-week average.  Increases primarily for China (124,800 MT, including 58,000 MT switched from unknown destinations and decreases of 9,300 MT), Mexico (64,800 MT, including 47,500 MT switched from unknown destinations and decreases of 500 MT), the Netherlands (57,400 MT, including 60,000 MT switched from unknown destinations and decreases of 2,600 MT), Malaysia (15,300 MT, including 15,000 MT switched from Indonesia), and Vietnam (4,400 MT, including decreases of 300 MT), were more than offset by reductions for unknown destinations (229,500 MT), Bangladesh (55,000 MT), Indonesia (5,300 MT), and Thailand (1,000 MT).  Net sales of 410,600 MT for 2022/2023 were primarily for unknown destinations (154,000 MT), China (144,000 MT), Bangladesh (55,000 MT), and Mexico (44,100 MT).  Exports of 527,600 MT were up 33 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were primarily to Mexico (162,700 MT), the Netherlands (57,400 MT), China (52,800 MT), Japan (50,400 MT), and Algeria (45,200 MT). 

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 6,300 MT, all Canada.

Late Reporting: For 2021/2022, net sales totaling 300 MT of soybeans were reported late for Taiwan.  Exports totaling 1,000 MT of soybeans was reported late to Taiwan.

Soybean Cake and Meal:  Net sales of 186,600 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for the Philippines (95,800 MT), Colombia (55,800 MT, including decreases of 30,800 MT), Honduras (10,400 MT, including 6,000 switched from Nicaragua, 5,000 MT switched from El Salvador, and decreases of 1,300 MT), the Dominican Republic (10,100 MT, including decreases of 1,000 MT), and Mexico (10,000 MT), were offset by reductions primarily for Nicaragua (6,000 MT), El Salvador (5,500 MT), and Jamaica (5,300 MT).  Net sales of 48,800 MT for 2022/2023 were primarily for the Dominican Republic (16,000 MT), El Salvador (14,300 MT), Jamaica (5,900 MT), Trinidad and Tobago (5,900 MT), and Costa Rica (2,000 MT).  Exports of 244,700 MT were up 25 percent from the previous week and 34 percent from the prior 4-week average.  The destinations were primarily to the Philippines (49,500 MT), Colombia (45,800 MT), Mexico (33,700 MT), Honduras (30,200 MT), and Japan (29,600 MT).

Soybean Oil:  Total net sales of 1,300 MT for 2021/2022 were down 71 percent from the previous week and 15 percent from the prior 4-week average.  Increases were reported for Honduras (800 MT), Guatemala (300 MT), and Canada (200 MT).  Exports of 500 MT were down 95 percent from the previous week and 93 percent from the prior 4-week average.  The destination was to Canada (500 MT).

Cotton:  Net sales reductions of 112,400 RB for 2021/2022–a marketing-year low–primarily for Ecuador (1,200 RB, including decreases of 100 RB), Honduras (800 RB, including decreases of 100 RB), Japan (500 RB, including decreases of 300 RB), Turkey (400 RB, including decreases of 100 RB), and Thailand (200 RB switched from Japan), were more than offset by reductions primarily for China (95,000 RB), Vietnam (15,400 RB), Bangladesh (1,700 RB), Indonesia (900 RB), and South Korea (800 RB).  Net sales of 71,400 RB for 2022/2023 primarily for Vietnam (40,400 RB), Pakistan (24,700 RB), Indonesia (9,900 RB), India (4,800 RB), and Thailand (2,200 RB), were offset by reductions for Malaysia (7,000 RB), Mexico (1,700 RB), Honduras (1,600 RB), Ecuador (1,300 RB), and Japan (100 RB).  Exports of 279,700 RB were up 11 percent from the previous week, but down 12 percent from the prior 4-week average.  The destinations were primarily to India (45,600 RB), Turkey (44,200 RB), Vietnam (42,100 RB), China (36,500 RB), and Pakistan (22,800 RB).  Total net sales of 100 RB of Pima for 2021/2022 were for China.  Net sales of 4,500 RB for 2022/2023 were reported for Vietnam (2,500 RB), Indonesia (1,600 RB), and India (400 RB).  Exports of 2,600 RB were down 19 percent from the previous week and 56 percent from the prior 4-week average.  The destinations were primarily to China (1,400 RB), India (500 RB), Pakistan (400 RB), and South Korea (200 RB). 

Optional Origin Sales:  For 2021/2022, new optional origin sales of 9,300 MT were reported for Malaysia.  Options were exercised to export 1,900 RB to Vietnam (1,500 RB) and Pakistan (400 RB) from the United States.  The current outstanding balance of 11,400 RB is for Malaysia (9,300 RB) and Pakistan (2,100 RB). 

Export for Own Account: For 2021/2022, new exports for own account totaling 300 RB were reported for Vietnam.  Exports for own account totaling 3,400 RB primarily to Indonesia (3,100 RB) were applied to new or outstanding sales. The current exports for own account outstanding balance of 62,300 RB is for China (33,700 RB), Vietnam (26,500 RB), Indonesia (1,800 RB), and Pakistan (300 RB).

Hides and Skins:  Net sales of 345,300 pieces for 2022 were down 1 percent from the previous week and 4 percent from the prior 4-week average.  Increases primarily for China (286,000 whole cattle hides, including decreases of 38,300 pieces), Mexico (24,500 whole cattle hides, including decreases of 7,500 pieces), South Korea (17,600 whole cattle hides, including decreases of 3,300 pieces), Thailand (8,300 whole cattle hides, including decreases of 1,800 pieces), and Italy (3,500 whole cattle hides, including decreases of 700 pieces), were offset by reductions primarily for Taiwan (700 pieces).  In addition, total net sales of 4,200 calf skins were for Italy, including decreases of 1,400 pieces.  Exports of 439,100 pieces were up 5 percent from the previous week and 18 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (243,100 pieces), South Korea (68,800 pieces), Mexico (48,000 pieces), Thailand (23,500 pieces), and Brazil (18,800 pieces).  In addition, total exports of 5,600 calf skins were to Italy.

Net sales of 96,700 wet blues for 2022 were up 38 percent from the previous week, but down 29 percent from the prior 4-week average.  Increases reported for China (34,200 unsplit, including decreases of 9,100 unsplit), Thailand (25,500 unsplit), Vietnam (16,200 unsplit), Italy (12,800 unsplit and 100 grain splits, including decreases of 100 unsplit), and Brazil (8,000 unsplit), were offset by reductions for Portugal (100 grain splits).  Exports of 166,800 wet blues were up 5 percent from the previous week and 37 percent from the prior 4-week average.  The destinations were primarily to Italy (42,200 unsplit and 16,200 grain splits), China (58,200 unsplit), Vietnam (27,500 unsplit), Thailand (9,200 unsplit), and Taiwan (8,000 unsplit).  Net sales of 799,500 splits were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for Vietnam (708,500 pounds, including decreases of 400 pounds), China (88,000 pounds), and Taiwan (3,000 pounds).  Exports of 897,900 pounds were up noticeably from the previous week and from the prior 4-week average. The destinations were to Vietnam (727,400 pounds), China (87,500 pounds), and Taiwan (83,000 pounds).

Beef:  Net sales of 12,000 MT for 2022 were down 52 percent from the previous week and 30 percent from the prior 4-week average.  Increases were primarily for South Korea (2,900 MT, including decreases of 600 MT), Japan (2,400 MT, including decreases of 1,000 MT), Canada (1,800 MT, including decreases of 100 MT), Taiwan (1,100 MT, including decreases of 100 MT), and the Philippines (900 MT).  Total net sales of 200 MT for 2023 were for Japan.  Exports of 18,500 MT were down 9 percent from the previous week and 5 percent from the prior 4-week average.  The destinations were primarily to Japan (5,600 MT), South Korea (4,900 MT), China (2,600 MT), Mexico (1,200 MT), and Taiwan (1,100 MT). 

Pork:  Net sales of 31,000 MT for 2022 were up 43 percent from the previous week and 35 percent from the prior 4-week average.  Increases were primarily for China (16,800 MT, including decreases of 300 MT), Mexico (8,600 MT, including decreases of 200 MT), Japan (1,800 MT, including decreases of 100 MT), South Korea (1,700 MT, including decreases of 400 MT), and Canada (600 MT, including decreases of 400 MT).  Exports of 26,000 MT were down 4 percent from the previous week and 5 percent from the prior 4-week average.  The destinations were primarily to Mexico (12,600 MT), China (4,200 MT), Japan (3,300 MT), Colombia (1,600 MT), and South Korea (1,400 MT).

 

U.S. EXPORT SALES FOR WEEK ENDING  7/28/2022

 

 

	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	72.8	1,596.2	1,736.3	70.5	797.3	1,118.4	0.0	0.0
SRW	20.0	1,076.1	1,054.2	98.0	496.4	477.9	0.0	30.0
HRS	35.1	1,501.7	1,437.6	104.3	798.8	966.0	0.0	0.0
WHITE	137.1	1,470.3	1,060.0	15.6	382.6	511.8	0.0	0.0
DURUM	-15.0	109.4	8.4	0.0	18.0	41.7	0.0	0.0
TOTAL	249.9	5,753.7	5,296.4	288.4	2,493.0	3,115.8	0.0	30.0
BARLEY	0.0	12.8	22.7	0.0	2.8	2.3	0.0	0.0
CORN	57.9	4,245.8	6,200.7	1,021.1	56,412.6	63,522.8	256.7	7,856.9
SORGHUM	1.2	207.4	593.2	74.4	6,758.9	6,589.8	68.0	135.0
SOYBEANS	-11.0	5,631.6	2,604.5	527.6	53,896.4	59,315.6	410.6	15,265.7
SOY MEAL	186.6	1,648.8	1,861.6	244.7	9,948.5	9,950.6	48.8	819.2
SOY OIL	1.3	60.0	17.6	0.5	633.0	665.0	0.0	0.6
RICE
L G RGH	0.5	49.0	164.9	6.1	1,292.3	1,642.7	0.8	23.9
M S RGH	0.0	9.8	2.3	0.6	18.3	30.5	0.0	0.0
L G BRN	0.1	2.7	11.3	0.5	52.8	40.5	0.0	0.0
M&S BR	0.0	7.7	0.1	0.3	80.0	157.0	0.0	0.0
L G MLD	2.0	74.0	31.2	1.8	809.2	653.8	0.0	40.1
M S MLD	0.4	78.9	64.8	16.0	461.6	631.6	0.2	0.4
TOTAL	3.0	222.0	274.5	25.3	2,714.3	3,156.1	1.0	64.5
COTTON		THOUSAND RUNNING BALES
UPLAND	-112.4	2,523.4	1,373.4	279.7	13,064.8	14,833.0	71.4	4,828.0
PIMA	0.1	31.9	91.9	2.6	447.8	751.9	4.5	68.9