FI Weekly USDA Export Sales Snapshot 11/10/22

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USDA Export sales

Soybean export sales slowed from the previous week to 794,800 tons for 2022-23. Sales were primarily for China (927,100 MT, including 594,000 MT switched from unknown destinations and decreases of 13,000 MT). Meal and soybean oil sales were within expectations but slow for this time of year. Corn export sales were below expectations at only 265,300 tons and crop year to date commitments are running 54 percent below this time last year. All wheat sales of 322,500 tons were within expectations.

 

 

 

 

 

Export Sales Highlights

This summary is based on reports from exporters for the period October 28-November 3, 2022.

Wheat: Net sales of 322,500 metric tons (MT) for 2022/2023 primarily for unknown destinations (77,500 MT), South Korea (63,000 MT), Japan (60,600 MT), Thailand (55,800 MT), and Spain (20,000 MT – late), were offset by reductions for Colombia (500 MT) and Ecuador (100 MT).  Exports of 151,500 MT were primarily to the Philippines (65,000 MT), Japan (38,000 MT), Mexico (18,100 MT), Ecuador (10,000 MT), and Colombia (9,500 MT). 

Late Reporting: For 2022/2023, net sales totaling 20,000 MT of hard red spring wheat were reported late for Spain.

Corn:  Net sales of 265,300 MT for 2022/2023 primarily for Mexico (157,500 MT, including decreases of 60,700 MT), Canada (48,800 MT, including decreases of 2,600 MT), Guatemala (29,500 MT), El Salvador (18,500 MT, including decreases of 14,000 MT), and unknown destinations (11,100 MT), were offset by reductions for Honduras (24,200 MT) and Japan (1,500 MT).  Exports of 259,400 MT were primarily to Mexico (214,500 MT), Canada (15,600 MT), Nicaragua (7,800 MT), El Salvador (7,000 MT), and Honduras (5,500 MT).

Export Adjustments: Accumulated exports of corn to Japan were adjusted down 3,000 for week ending October 6^th. This shipment was reported in error.

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

Sorghum:  Total net sales of 30,000 MT for 2022/2023 were for Sudan.  Exports of 2,400 MT were to Mexico.

Rice:  Net sales of 37,500 MT for 2022/2023 were primarily for Canada (17,700 MT), the United Kingdom (10,400 MT), Haiti (7,100 MT, including decreases of 100 MT), Guatemala (900 MT), and El Salvador (500 MT).  Exports of 33,400 MT were primarily to Haiti (22,100 MT), Mexico (3,700 MT), Canada (2,700 MT), South Korea (2,700 MT), and Jordan (700 MT).

Export Adjustments: Accumulated exports of long grain milled rice to the Dominican Republic were adjusted down 78,274 for week ending October 27^th.  This shipment was reported in error.

Soybeans:  Net sales of 794,800 MT for 2022/2023 primarily for China (927,100 MT, including 594,000 MT switched from unknown destinations and decreases of 13,000 MT), Japan (164,700 MT, including 102,000 MT switched from unknown destinations and decreases of 600 MT), Mexico (124,600 MT, including decreases of 2,500 MT), the Netherlands (90,400 MT, including 84,500 MT switched from unknown destinations and decreases of 400 MT), and Turkey (80,700 MT, including 65,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (767,000 MT).  Exports of 2,752,300 MT were primarily to China (1,968,200 MT), Mexico (254,900 MT), Japan (107,400 MT), the Netherlands (90,400 MT), and Spain (70,800 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 is 22,500 MT, all Canada.

Soybean Cake and Meal:  Net sales of 170,200 MT for 2022/2023 primarily for Morocco (54,000 MT), Japan (50,400 MT), Ecuador (27,300 MT, including 2,500 MT switched from Colombia and decreases of 300 MT), Canada (22,500 MT, including decreases of 200 MT), and Mexico (14,500 MT, including decreases of 100 MT), were offset by reductions primarily for unknown destinations (60,000 MT).  Total net sales reductions of 200 MT for 2023/2024 were for Canada.  Exports of 165,900 MT were primarily to the Philippines (48,000 MT), Mexico (33,900 MT), Honduras (19,700 MT), Canada (17,300 MT), and Nicaragua (14,200 MT).

Soybean Oil:  Total net sales of 2,700 MT for 2022/2023 were for Canada.  Exports of 1,400 MT were to Canada.

Cotton:  Net sales of 145,800 RB for 2022/2023 primarily for China (57,300 RB), Pakistan (40,500 RB), Vietnam (23,400 RB, including 2,200 RB switched from Taiwan), Indonesia (8,100 RB), and Bangladesh (7,500 RB), were offset by reductions for Taiwan (1,100 RB).  Net sales of 11,400 RB for 2023/2024 were reported for Turkey (6,600 RB) and Pakistan (4,800 RB).  Exports of 108,100 RB were primarily to China (36,800 RB), Bangladesh (16,200 RB), Mexico (15,300 RB), Pakistan (13,500 RB), and Turkey (8,700 RB).  Net sales of Pima totaling 600 RB were reported for Djibouti (400 RB), China (100 RB), and Indonesia (100 RB).  Exports of 3,400 RB were to Peru (2,000 RB), Greece (900 RB), India (400 RB), and China (100 RB).  

Optional Origin Sales: For 2022/2023, the current outstanding balance of 9,300 RB, all Malaysia.

Export for Own Account: For 2022/2023, the current exports for own account outstanding balance of 63,900 RB are for China (37,600 RB), Vietnam (23,900 RB), India (1,500 RB), Pakistan (500 RB), and Indonesia (400 RB).  

Hides and Skins:  Net sales of 506,900 pieces for 2022 primarily for China (315,700 whole cattle hides, including decreases of 13,000 pieces), Mexico (83,300 whole cattle hides, including decreases of 1,200 pieces), South Korea (48,500 whole cattle hides, including decreases of 400 pieces), Brazil (36,000 whole cattle hides, including decreases of 300 pieces), and Turkey (10,700 whole cattle hides), were offset by reductions for Thailand (1,700 pieces), Vietnam (200 pieces), and Canada (100 pieces).  Net sales of 89,700 pieces for 2023 were reported for China (37,300 whole cattle hides), Thailand (28,000 whole cattle hides), Mexico (12,600 whole cattle hides), Indonesia (7,700 whole cattle hides), and Taiwan (4,100 whole cattle hides).  In addition, net sales of 1,300 kip skins resulting increases for Belgium (1,400 kip skins), were offset by reductions for Canada (100 kip skins).  Exports of 491,100 whole cattle hides exports were primarily to China (298,600 pieces), Mexico (91,600 pieces), Thailand (42,300 pieces), South Korea (32,100 pieces), and Brazil (7,000 pieces).  In addition, exports of 1,300 kip skins were to Canada.

Net sales of 254,700 wet blues for 2022 reported for Thailand (262,700 unsplit), China (6,400 unsplit), Vietnam (4,000 unsplit), Japan (3,200 grain splits), and Mexico (2,100 unsplit), were offset by reductions for Italy (23,600 unsplit) and Taiwan (100 unsplit).  Total net sales of 29,900 wet blues for 2023 were for Italy.  Exports of 130,000 wet blues were primarily to China (43,000 unsplit), Italy (33,800 unsplit and 1,800 grain splits), Thailand (23,900 unsplit), Vietnam (19,200 unsplit), and South Korea (2,700 grain splits).  Total net sales reductions of 600 splits were for South Korea.  No exports were reported for the week.

Beef:  Net sales of 13,700 MT for 2022 primarily for South Korea (7,100 MT, including decreases of 600 MT), Japan (4,700 MT, including decreases of 300 MT), Taiwan (1,800 MT, including decreases of 100 MT), Mexico (800 MT), and Canada (700 MT, including decreases of 100 MT), were offset by reductions for China (2,600 MT) and Vietnam (100 MT).  Net sales of 700 MT for 2023 were reported for South Korea (300 MT), Japan (300 MT), and Canada (100 MT).  Exports of 18,100 MT were primarily to Japan (5,300 MT), South Korea (5,100 MT), China (2,600 MT), Mexico (1,200 MT), and Canada (1,000 MT). 

Pork:  Net sales of 10,800 MT for 2022 primarily for Mexico (9,100 MT, including decreases of 400 MT), South Korea (3,500 MT, including decreases of 500 MT), China (2,400 MT, including decreases of 100 MT), the Dominican Republic (900 MT, including decreases of 100 MT), and Colombia (600 MT, including decreases of 100 MT), were offset by reductions primarily for Australia (3,500 MT), Japan (2,300 MT), and Canada (900 MT).  Net sales of 700 MT for 2023 were reported for South Korea (600 MT) and Australia (100 MT).  Exports of 28,400 MT were primarily to Mexico (13,500 MT), China (3,900 MT), Japan (3,000 MT), South Korea (2,000 MT), and the Dominican Republic (1,500 MT).

 

U.S. EXPORT SALES FOR WEEK ENDING  11/3/2022

 

 

	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	117.6	873.6	1,853.9	21.7	2,596.9	3,365.9	0.0	6.3
SRW	14.0	502.5	533.2	19.6	1,676.5	1,382.9	0.0	6.6
HRS	77.3	1,157.9	1,141.7	4.5	2,536.9	2,467.8	0.0	10.8
WHITE	113.7	931.7	748.3	105.7	2,078.7	1,650.4	0.0	0.3
DURUM	0.0	61.7	52.4	0.0	77.7	77.3	0.0	0.0
TOTAL	322.5	3,527.3	4,329.6	151.5	8,966.6	8,944.3	0.0	24.0
BARLEY	0.0	10.1	22.8	0.0	3.9	7.3	0.0	0.0
CORN	265.3	10,327.6	25,464.2	259.4	4,402.1	6,611.5	0.0	311.0
SORGHUM	30.0	307.4	2,929.1	2.4	46.5	349.4	0.0	0.0
SOYBEANS	794.8	20,449.6	19,010.4	2,752.3	12,643.0	14,213.0	0.0	0.0
SOY MEAL	170.2	3,320.9	3,881.6	165.9	819.3	1,079.3	-0.2	2.0
SOY OIL	2.7	24.7	117.1	1.4	7.6	27.2	0.0	0.6
RICE
L G RGH	1.4	72.3	216.1	2.1	117.3	324.3	0.0	0.0
M S RGH	0.0	10.7	6.8	0.1	7.4	2.3	0.0	0.0
L G BRN	2.8	7.9	9.5	0.8	4.9	16.5	0.0	0.0
M&S BR	0.0	4.6	68.5	0.2	3.1	14.4	0.0	0.0
L G MLD	25.5	114.2	91.3	26.0	170.3	221.7	0.0	0.0
M S MLD	7.7	48.5	79.5	4.1	80.2	100.0	0.0	0.0
TOTAL	37.5	258.1	471.7	33.4	383.1	679.2	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	145.8	6,001.9	6,490.4	108.1	2,774.0	2,146.4	11.4	1,112.7
PIMA	0.6	80.8	212.1	3.4	23.7	93.8	0.0	0.9