FI Weekly USDA Export Sales Snapshot 09/22/22

PDF attached

 

134,300 soybeans sold to China

 

Overall, poor all around

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  09/15/2022

 

	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	11.5	1,056.5	1,572.5	189.5	1,935.4	2,537.5	1.7	1.7
SRW	-40.4	490.7	749.9	166.1	1,367.1	945.7	0.0	30.0
HRS	127.4	1,227.4	980.9	57.1	1,822.3	1,945.1	0.0	0.0
WHITE	64.0	1,009.8	575.5	265.5	1,347.7	1,350.7	0.0	0.0
DURUM	21.0	115.0	65.5	0.0	34.1	61.4	0.0	0.0
TOTAL	183.5	3,899.4	3,944.3	678.2	6,506.7	6,840.3	1.7	31.7
BARLEY	0.0	11.6	20.5	0.0	3.9	4.7	0.0	0.0
CORN	182.3	11,457.0	24,100.0	563.0	1,026.7	845.7	0.0	90.5
SORGHUM	0.0	227.3	2,269.4	6.3	12.3	3.1	0.0	0.0
SOYBEANS	446.4	24,782.3	22,659.7	522.5	945.0	532.7	0.0	30.0
SOY MEAL	-22.6	761.9	1,090.6	223.4	11,252.6	11,190.3	208.5	2,026.1
SOY OIL	-0.4	29.0	17.0	13.5	673.9	674.6	3.0	5.8
RICE
L G RGH	16.2	76.7	175.8	0.9	43.0	173.2	0.0	0.0
M S RGH	0.0	15.0	8.0	0.5	1.5	1.2	0.0	0.0
L G BRN	1.5	2.9	4.7	0.2	2.0	12.8	0.0	0.0
M&S BR	0.0	6.3	42.4	0.1	1.1	13.8	0.0	0.0
L G MLD	14.6	139.3	178.8	13.7	80.8	87.2	0.0	0.0
M S MLD	-2.1	36.5	30.3	4.4	48.1	60.6	0.0	0.0
TOTAL	30.2	276.7	440.0	19.8	176.6	349.0	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	32.4	6,351.2	5,300.8	232.3	1,638.0	1,351.6	13.3	953.7
PIMA	0.3	89.5	155.3	0.4	13.1	42.9	0.0	0.0

 

Export Sales Highlights

This summary is based on reports from exporters for the period September 9 – 15, 2022.

Wheat: Net sales of 183,500 metric tons (MT) for 2022/2023 primarily for Indonesia (136,000 MT, including 65,000 MT switched from unknown destinations), China (134,300 MT, including 130,000 MT switched from unknown destinations and decreases of 1,500 MT), Colombia (55,900 MT, including 42,400 MT switched from unknown destinations), Japan (43,800 MT, including 10,000 MT switched from unknown destinations), and Taiwan (35,100 MT), were offset by reductions primarily for unknown destinations (255,000 MT).  Total net sales of 1,700 MT for 2023/2024 were for Mexico.  Exports of 678,200 MT were primarily to China (133,900 MT), Japan (90,900 MT), Indonesia (66,000 MT), Thailand (58,700 MT), and Nigeria (51,700 MT).

Corn:  Net sales of 182,300 MT for 2022/2023 primarily for Japan (82,300 MT, including 80,900 MT switched from unknown destinations and decreases of 600 MT), Egypt (65,000 MT), Colombia (60,000 MT), Venezuela (13,200 MT), and Mexico (8,700 MT, including decreases of 220,300 MT), were offset by reductions for unknown destinations (66,300 MT).  Exports of 563,000 MT were primarily to Mexico (259,000 MT), China (142,300 MT), Japan (137,000 MT), Venezuela (13,200 MT), and Jamaica (7,200 MT).   

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

Sorghum:  No net sales were reported for the week.  Exports of 6,300 MT were to Mexico.

Rice:  Net sales of 30,200 MT for 2022/2023 primarily for Honduras (15,500 MT), Saudi Arabia (8,800 MT), Mexico (5,500 MT), Canada (3,400 MT, including decreases of 500 MT), and El Salvador (700 MT, including decreases of 400 MT), were offset by reductions primarily for Jordan (4,000 MT).  Exports of 19,800 MT were primarily to Saudi Arabia (8,500 MT), the Dominican Republic (4,000 MT), South Korea (2,600 MT), Canada (2,300 MT), and Mexico (1,800 MT).

Soybeans:  Net sales of 446,400 MT for 2022/2023 primarily for Egypt (174,000 MT, including decreases of 9,000 MT), China (152,500 MT, including 55,000 MT switched from unknown destinations and decreases of 138,200 MT), Mexico (70,600 MT, including decreases of 400 MT), Indonesia (66,000 MT, including 55,000 MT switched from unknown destinations and decreases of 200 MT), and South Korea (54,000 MT switched from unknown destinations and decreases of 2,000 MT), were offset by reductions primarily for unknown destinations (184,700 MT) and Colombia (200 MT).  Exports of 522,500 MT were primarily to China (147,800 MT), Mexico (138,400 MT), Japan (100,000 MT), Indonesia (62,700 MT), and South Korea (52,000 MT). 

Optional Origin: For 2022/2023, the current optional origin outstanding balance is 300 MT, all South Korea.

Export for Own Account: For 2022/2023, the current exports for own account outstanding balance is 6,300 MT, all Canada.

Soybean Cake and Meal:  Net sales reductions of 22,600 MT for 2021/2022 resulting in increases primarily for Ecuador (30,100 MT, including 35,000 MT switched from unknown destinations and decreases of 4,900 MT), Mexico (21,000 MT, including decreases of 2,600 MT), the Philippines (8,300 MT), Canada (4,800 MT, including decreases of 500 MT), and Nicaragua (1,500 MT), were more than offset by reductions primarily for Guatemala (51,100 MT), unknown destinations (34,900 MT), Colombia (3,000 MT), the Dominican Republic (1,000 MT), and Japan (900 MT).  Net sales of 208,500 MT for 2022/2023 primarily for Colombia (99,900 MT), the Philippines (65,000 MT), Guatemala (51,100 MT), Mexico (28,300 MT), and Costa Rica (16,600 MT), were offset by reductions for Spain (75,000 MT).  Exports of 223,400 MT were primarily to the Philippines (95,200 MT), the Dominican Republic (31,000 MT), Mexico (30,600 MT), Ecuador (30,100 MT), and Canada (24,700 MT).

Soybean Oil:  Net sales of reductions of 400 MT for 2021/2022 resulting in increases for Mexico (100 MT), were more than offset by reductions for Canada (500 MT).  Total net sales of 3,000 MT for 2022/2023 were for Canada.  Exports of 13,500 MT were to Guatemala (12,000 MT), Honduras (800 MT), Canada (600 MT), and Mexico (100 MT).

Cotton:  Net sales of 32,400 RB for 2022/2023 primarily for Pakistan (27,800 RB, including 4,700 RB switched from China), El Salvador (8,600 RB), Guatemala (6,000 RB), Vietnam (2,000 RB, including 900 RB switched from South Korea), and Thailand (1,400 RB), were offset by reductions primarily for China (11,400 RB), Japan (1,100 RB), and South Korea (900 RB).  Net sales of 13,300 RB for 2023/2024 were for Pakistan (8,800 RB) and Guatemala (4,500 RB).  Exports of 232,300 RB were primarily to China (73,000 RB), Vietnam (33,200 RB), Mexico (27,100 RB), Turkey (24,400 RB), and Bangladesh (18,300 RB).  Net sales of Pima totaling 300 RB were for China (200 RB) and Japan (100 RB).  Exports of 400 RB were to Pakistan (200 RB), China (100 RB), and Honduras (100 RB).  

Optional Origin Sales: For 2022/2023, the current outstanding balance of 10,300 RB is for Malaysia (9,300 RB) and Pakistan (1,000 RB).

Export for Own Account: Exports for own account totaling 800 RB to China were applied to new or outstanding sales.  The current exports for own account outstanding balance of 77,400 RB is for China (40,500 RB), Vietnam (23,900 RB), Turkey (10,600 RB), India (1,500 RB), Pakistan (500 RB), and Indonesia (400 RB). 

Hides and Skins:  Net sales of 479,700 pieces for 2022 primarily for China (288,900 whole cattle hides, including decreases of 10,900 pieces), Mexico (77,800 whole cattle hides, including decreases of 1,000 pieces), Thailand (34,000 whole cattle hides, including decreases of 800 pieces), South Korea (33,700 whole cattle hides, including decreases of 700 pieces), and Indonesia (25,100 whole cattle hides, including decreases of 100 pieces), were offset by reductions for Spain (200 pieces).  Total net sales reductions of 3,500 calf skins were for Italy, including decreases of 5,600 calf skins.  In addition, net sales of 3,900 kip skins were primarily for Belgium (2,900 kip skins).  Exports of 418,600 whole cattle hides exports were primarily to China (312,300 pieces), Mexico (32,600 pieces), South Korea (26,100 pieces), Thailand (12,200 pieces), and Brazil (8,400 pieces). 

Net sales of 143,600 wet blues for 2022 primarily for China (58,300 unsplit), Thailand (39,700 unsplit, including decreases of 100 unsplit), and Vietnam (34,900 unsplit, including decreases of 33,000 unsplit), were offset by reductions for Italy (100 unsplit).  Exports of 162,900 wet blues were primarily to Vietnam (47,200 unsplit), Italy (42,500 unsplit), China (40,000 unsplit), and Thailand (26,700 unsplit). Net sales of 585,600 splits were reported for Vietnam (334,200 pounds), China (246,000 pounds), and South Korea (5,400 pounds).  Exports of 79,700 pounds were to Vietnam.

Beef:  Net sales of 15,200 MT for 2022 were primarily for China (6,200 MT, including decreases of 200 MT), Japan (3,200 MT, including decreases of 500 MT), South Korea (1,200 MT, including decreases of 700 MT), Mexico (1,100 MT), and Canada (800 MT).  Net sales of 300 MT for 2023 were for Japan.  Exports of 18,600 MT were primarily to South Korea (4,600 MT), China (4,300 MT), Japan (4,300 MT), Mexico (1,500 MT), and Canada (1,000 MT). 

Pork:  Net sales of 29,000 MT for 2022 were primarily for Mexico (15,500 MT, including decreases of 600 MT), Canada (2,300 MT, including decreases of 500 MT), China (2,200 MT, including decreases of 200 MT), Japan (2,200 MT, including decreases of 200 MT), and South Korea (2,100 MT, including decreases of 100 MT).  Exports of 26,500 MT were primarily to Mexico (12,500 MT), Japan (3,200 MT), China (3,100 MT), South Korea (2,200 MT), and Canada (1,700 MT).

September 22, 2022                                                       1                FOREIGN AGRICULTURAL SERVICE/USDA