FI Weekly USDA Export Sales Snapshot 09/16/21

PDF attached

 

USDA Export Sales

USDA export sales for soybeans were 1.264 million tons, within expectations.  They included China (945,200 MT, including decreases of 100 MT), and unknown destinations (163,000 MT).  Soybean meal sales of 95,400 tons old crop and 42,400 tons new-crop were also within expectations.  Shipments were slow at 57,100 tons.  Soybean oil sales were negative 1,600 tons old crop and new-crop were positive 6,100 tons.

Corn sales were a low 246,600 tons and well down from 905,800 tons week earlier. 

All-wheat export sales were a good 617,100 tons. 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  09/09/21 

 

	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	449.6	1,742.6	1,705.7	214.4	2,332.7	3,210.4	0.0	0.0
SRW	24.3	762.7	478.3	21.9	907.8	639.7	0.0	0.0
HRS	76.4	994.3	1,794.9	131.4	1,807.2	2,052.9	0.0	0.0
WHITE	46.8	569.2	1,244.2	146.4	1,241.6	1,491.9	0.0	0.0
DURUM	20.0	27.4	236.8	0.0	43.2	277.9	0.0	0.0
TOTAL	617.1	4,096.3	5,459.9	514.1	6,332.5	7,672.8	0.0	0.0
BARLEY	0.0	20.5	30.8	0.8	4.7	8.4	0.0	0.0
CORN	246.6	24,212.8	19,308.4	192.0	359.9	1,147.7	2.3	333.2
SORGHUM	204.6	2,147.7	2,464.2	1.8	1.8	105.4	0.0	0.0
SOYBEANS	1,264.2	22,031.2	30,084.0	244.4	258.3	2,143.3	2.0	2.0
SOY MEAL	95.4	1,290.4	752.1	57.1	10,945.6	11,328.0	42.4	2,148.8
SOY OIL	-1.7	13.3	101.1	3.4	674.1	1,175.9	6.1	7.6
RICE
L G RGH	9.5	179.1	230.6	72.3	169.8	51.8	0.0	0.0
M S RGH	0.0	8.1	27.4	0.1	1.1	1.5	0.0	0.0
L G BRN	2.3	3.2	8.1	0.2	12.3	4.1	0.0	0.0
M&S BR	0.1	22.3	19.1	0.1	13.7	13.9	0.0	0.0
L G MLD	17.0	176.3	73.2	7.8	84.8	38.1	0.0	0.0
M S MLD	2.6	42.0	49.4	2.6	47.5	56.0	0.0	0.0
TOTAL	31.5	431.0	407.8	83.1	329.1	165.5	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	284.8	5,132.2	5,959.6	237.5	1,174.8	1,669.9	0.0	686.8
PIMA	9.6	135.6	207.0	3.1	39.1	63.6	0.0	0.0

 

This summary is based on reports from exporters for the period September 3-9, 2021. 

Wheat:  Net sales of 617,100 metric tons (MT) for 2021/2022–a marketing-year high–were up 59 percent from the previous week and up noticeably from the prior 4-week average.  Increases primarily for Nigeria (328,900 MT, including decreases of 200 MT), Mexico (78,300 MT, including decreases of 3,700 MT), South Korea (69,100 MT), Taiwan (54,600 MT), and Guatemala (34,900 MT switched from unknown destinations), were offset by reductions for unknown destinations (31,300 MT).  Exports of 514,100 MT were up 32 percent from the previous week, but down 1 percent from the prior 4-week average.  The destinations were primarily to Mexico (172,800 MT), the Philippines (111,100 MT), China (71,000 MT), Taiwan (52,800 MT), and Nigeria (47,600 MT).  

Corn:  Net sales for 2021/2022 of 246,600 MT primarily for Mexico (154,300 MT, including decreases of 65,400 MT), unknown destinations (75,200 MT), Canada (15,100 MT), Jamaica (5,000 MT), and Honduras (3,500 MT, including decreases of 3,700 MT), were offset by reductions for Colombia (12,000 MT).  Total net sales for 2022/2023 of 2,300 MT were for Canada.  Exports of 192,000 MT were to Mexico (177,500 MT), El Salvador (7,200 MT), Canada (6,100 MT), Taiwan (1,000 MT), and South Korea (200 MT). 

Optional Origin Sales:  For 2021/2022, new optional origin sales of 60,000 MT were reported for unknown destinations.  The current outstanding balance of 170,000 MT is for unknown destinations.   

Barley:  No net sales were reported for the week.  Exports of 800 MT were unchanged from the previous week, but up 88 percent from the prior 4-week average.  The destination was to Japan. 

Sorghum:  Net sales for 2021/2022 of 204,600 MT were reported for China (115,500 MT), unknown destinations (53,000 MT), and Mexico (36,100 MT).  Exports of 1,800 MT were to Mexico. 

Rice:  Net sales of 31,500 MT for 2021/2022 were down 7 percent from the previous week and 39 percent from the prior 4-week average.  Increases primarily for Haiti (15,200 MT), Mexico (8,900 MT, including decreases of 8,800 MT), Canada (5,100 MT), El Salvador (4,100 MT switched from Guatemala), and Venezuela (2,500 MT), were offset by reductions for Guatemala (5,700 MT).  Exports of 83,100 MT were up noticeably from the previous week and up 38 percent from the prior 4-week average.  The destinations were primarily to Mexico (31,700 MT), Venezuela (27,500 MT), Guatemala (9,900 MT), the Dominican Republic (4,400 MT), and El Salvador (4,100 MT). 

Export for Own Account: For 2021/2022, 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 for 2021/2022 of 1,264,200 MT were primarily for China (945,200 MT, including decreases of 100 MT), unknown destinations (163,000 MT), Egypt (80,000 MT), Taiwan (20,500 MT, including decreases of 1,000 MT), and Indonesia (16,000 MT, including decreases of 200 MT).  Total net sales for 2022/2023 of 2,000 MT were for Indonesia.  Exports of 244,400 MT were primarily to China (139,800 MT), Mexico (68,700 MT), Indonesia (10,800 MT), Malaysia (5,300 MT), and Taiwan (5,000 MT). 

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 5,800 MT, all Canada. 

Soybean Cake and Meal:  Net sales of 95,400 MT for 2020/2021 were up 57 percent from the previous week and 80 percent from the prior 4-week average.  Increases primarily for Mexico (54,700 MT, including decreases of 1,800 MT), Canada (26,000 MT), Taiwan (4,600 MT), the Philippines (3,500 MT), and Sri Lanka (3,100 MT, including decreases of 200 MT), were offset by reductions primarily for Costa Rica (6,800 MT).  For 2021/2022, net sales of 42,400 MT were primarily for the Philippines (20,000 MT), Canada (13,500 MT), Mexico (3,300 MT), Costa Rica (2,300 MT), and unknown destinations (2,000 MT).  Exports of 57,100 MT were up 29 percent from the previous week, but down 67 percent from the prior 4-week average.  The destinations were primarily to Mexico (23,300 MT), Canada (16,500 MT), El Salvador (6,000 MT), Cambodia (2,500 MT), and Japan (2,200 MT). 

Late Reporting:  For 2020/2021, exports totaling 6,000 MT of soybean cake and meal were reported late for El Salvador. 

Soybean Oil:  Net sales reductions for 2020/2021 of 1,700 MT resulting in increases for Mexico (100 MT), were more than offset by reductions for Canada (1,800 MT).  Net sales for 2021/2022 of 6,100 MT were for Canada (6,000 MT) and Mexico (100 MT).  Exports of 3,400 MT were up noticeably from the previous week and from the prior 4-week average.  The destinations were to Venezuela (3,000 MT), Canada (300 MT), and Mexico (100 MT). 

Cotton:  Net sales of 284,800 RB for 2021/2022 were down 37 percent from the previous week, but up 9 percent from the prior 4-week average.  Increases were primarily for China (183,900 RB), Pakistan (33,800 RB), Turkey (17,600 RB), Peru (12,300 RB), and Vietnam (10,100 RB, including 1,300 RB switched from Japan).  Exports of 237,500 RB were up 53 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were primarily to China (86,600 RB), Pakistan (39,200 RB), Vietnam (35,600 RB), Bangladesh (25,000 RB), and Turkey (13,700 RB).  Net sales of Pima totaling 9,600 RB were down 21 percent from the previous week and 26 percent from the prior 4-week average.  Increases were primarily for India (2,600 RB), Peru (2,400 RB), Indonesia (2,000 RB), China (1,300 RB), and Japan (600 RB).  Exports of 3,100 RB were down 74 percent and 57 percent from the prior 4-week average.  The destinations were primarily to India (2,500 RB) and China (400 RB).  

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 8,800 RB is for Pakistan.   

Exports for Own Account:  For 2021/2022, the current exports for own account outstanding balance of 4,800 RB is for China (4,700 RB) and Vietnam (100 RB).  

Hides and Skins:  Net sales of 277,400 pieces for 2021 were down 31 percent from the previous week and 3 percent from the prior 4-week average.  Increases primarily for China (177,700 whole cattle hides, including decreases of 12,600 pieces), South Korea (43,300 whole cattle hides, including decreases of 1,900 pieces), Thailand (25,500 whole cattle hides, including decreases of 300 pieces), Indonesia (13,700 whole cattle hides, including decreases of 100 pieces), and Brazil (8,800 whole cattle hides, including decreases of 100 pieces), were offset by reductions primarily for Japan (200 pieces).  Exports of 422,300 pieces were up 21 percent from the previous week and 1 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (241,500 pieces), South Korea (90,100 pieces), Mexico (27,600 pieces), Thailand (23,600 pieces), and Brazil (21,100 pieces).  

Net sales of 199,300 wet blues for 2021 were up noticeably from the previous week and up 80 percent from the prior 4-week average.  Increases primarily for Italy (91,400 unsplit and 44,400 grain splits, including decreases of 300 unsplit), China (28,700 unsplit), Vietnam (27,500 unsplit), Mexico (4,300 grain splits, including decreases of 1,700 unsplit), and Brazil (4,100 unsplit).  Exports of 219,500 wet blues were up noticeably from the previous week and up 60 percent from the prior 4-week average.  The destinations were primarily to Italy (69,000 unsplit and 14,600 grain splits), China (54,500 unsplit), Vietnam (54,000 unsplit), Thailand (7,800 unsplit), and Taiwan (7,400 unsplit).  Total net sales of 83,400 splits, including decreases of 3,600 splits, were for China.  Exports of 160,000 pounds were to Vietnam.   

Beef:  Net sales of 15,300 MT reported for 2021 were up 23 percent from the previous week and 24 percent from the prior 4-week average.  Increases primarily for Japan (6,000 MT, including decreases of 500 MT), South Korea (5,000 MT, including decreases 300 MT), China (1,400 MT, including decreases of 100 MT), Mexico (700 MT, including decreases of 200 MT), and Canada (500 MT, including decreases of 100 MT), were offset by reductions for Panama (100 MT).  Net sales for 2022 of 3,900 MT were for South Korea (3,700 MT) and Japan (200 MT).  Exports of 16,900 MT were down 10 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Japan (6,500 MT), South Korea (4,000 MT), China (2,300 MT), Taiwan (1,000 MT), and Hong Kong (700 MT).  

Pork:  Net sales of 25,300 MT reported for 2021 were down 25 percent from the previous week and 9 percent from the prior 4-week average.  Increases were primarily for Mexico (5,800 MT, including decreases of 500 MT), the Dominican Republic (3,500 MT, including decreases of 100 MT), Japan (3,100 MT, including decreases of 100 MT), Canada (2,700 MT, including decreases of 400 MT), and China (1,800 MT, including decreases of 100 MT).  Exports of 25,800 MT were down 11 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Mexico (8,400 MT), China (3,700 MT), Japan (2,600 MT), the Dominican Republic (2,300 MT), and Chile (2,000 MT).