FI Weekly USDA Export Sales Snapshot 12/16/21

PDF attached

 

Grains picking up with corn and all-wheat at marketing year high. Soybean complex slowed from previous week.

 

All-wheat export sales were very good at 650,600 tons, a marketing year high, and well above 240,000 tons previous week.  Mexico, SK, Japan, and the Philippines were major buyers. Corn export sales were also a marketing year high at 1.949 million tons for 2021-22 and were at the high end of expectations. Mexico and Canada were the top buyers. New-crop corn sales of 754,400 tons reflected part of that large sale to Mexico last week.  Sorghum export sales were good at 332,000 tons with China claiming the bulk. Pork sales were 31,100 tons (Mexico and Canada top buyers). Soybean export sales of 1.309 million tons were good (140,000 tons were posted to new-crop) but down from 1.638 million tons from the previous week.  China was the top buyer for the soybeans at 985,800 tons but it included 402,000 tons switched from unknown. Soybean meal sales of 95,600 tons were down from 202,500 tons from previous week and shipments slipped to 189,300 tons.  Soybean oil sales were 10,600 tons, double from the previous week and shipments were also 10,600 tons, down from 31,800 tons week earlier. 

 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  12/9/2021

FAX 202-690-3275 

	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	326.4	2,194.9	1,644.8	94.6	3,901.2	5,251.3	0.0	14.0
SRW	86.6	685.7	438.3	33.7	1,536.5	1,028.4	0.0	34.5
HRS	130.0	1,183.5	1,595.2	69.9	2,849.8	3,845.6	0.0	0.0
WHITE	107.5	797.4	2,649.2	76.1	1,929.0	2,604.3	0.0	0.0
DURUM	0.0	35.9	158.6	0.0	97.2	433.1	0.0	0.0
TOTAL	650.6	4,897.3	6,486.1	274.4	10,313.6	13,162.7	0.0	48.5
BARLEY	0.0	20.6	16.0	0.9	9.9	14.5	0.0	0.0
CORN	1,948.7	26,866.6	29,526.6	1,093.5	11,644.9	12,053.2	754.4	1,319.5
SORGHUM	331.9	3,631.0	3,372.2	118.2	1,049.2	1,607.4	0.0	0.0
SOYBEANS	1,308.6	14,691.0	21,421.8	1,918.2	25,422.5	32,247.8	140.0	140.0
SOY MEAL	95.6	3,379.9	3,153.1	189.3	2,345.6	2,372.9	0.2	37.5
SOY OIL	10.6	185.3	248.8	10.6	133.7	157.1	0.0	0.1
RICE
L G RGH	31.9	149.3	265.2	53.4	577.0	658.6	0.0	0.0
M S RGH	0.0	6.3	18.3	0.3	2.9	10.6	0.0	0.0
L G BRN	0.4	4.4	4.0	0.6	25.9	19.3	0.0	0.0
M&S BR	0.2	68.6	17.1	0.1	14.9	33.5	0.0	0.0
L G MLD	3.0	59.1	86.8	3.1	325.0	219.1	0.0	0.0
M S MLD	16.2	80.0	208.4	3.2	127.8	150.0	0.0	0.0
TOTAL	51.8	367.6	599.8	60.6	1,073.5	1,091.1	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	286.4	7,375.4	5,983.3	131.5	2,639.0	4,701.6	56.3	996.4
PIMA	0.7	232.8	207.0	8.5	126.1	300.5	0.0	4.0

 

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

Wheat:  Net sales of 650,600 metric tons (MT) for 2021/2022–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for Mexico (170,000 MT, including decreases of 1,000 MT), Japan (162,500 MT), Peru (105,000 MT), South Korea (75,000 MT), and the Philippines (72,100 MT), were offset by reductions for unknown destinations (22,100 MT).  Exports of 274,400 MT were up 29 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to Japan (78,500 MT), Mexico (52,800 MT), Nigeria (52,500 MT), Taiwan (28,500 MT), and Venezuela (24,300 MT).  

Corn:  Net sales of 1,948,700 MT for 2021/2022–a marketing-year high–were up 72 percent from the previous week and 74 percent from the prior 4-week average.  Increases were primarily for Mexico (1,289,100 MT, including decreases of 8,500 MT), Canada (272,600 MT, including decreases of 500 MT), unknown destinations (141,900 MT), Japan (55,700 MT, including 60,700 MT switched from unknown destinations and decreases of 66,700 MT), and Venezuela (47,300 MT, including 7,300 MT switched from unknown destinations).  Total net sales of 754,400 MT for 2022/2023 were for Mexico.  Exports of 1,093,500 MT were up 21 percent from the previous week and 11 percent from the prior 4-week average.  The destinations were primarily to Mexico (317,000 MT, including 28,300 MT – late), China (274,800 MT), Japan (192,700 MT), Canada (158,600 MT), and Colombia (131,400 MT). 

Optional Origin Sales:  For 2021/2022, new optional origin sales of 1,400 MT were reported for Italy.  The current outstanding balance of 500,100 MT is for unknown destinations (429,000 MT), Italy (62,100 MT), and Saudi Arabia (9,000 MT). 

Late Reporting: For 2021/2022, exports totaling 28,300 MT of corn were reported late to Mexico. 

Barley:  No net sales were reported for the week. Exports of 900 MT were up 72 percent from the previous week and up noticeably from the prior 4-week average.  The destination was to Japan. 

Sorghum:  Net sales of 331,900 MT for 2021/2022–a marketing-year high–were up 5 percent from the previous week and 24 percent from the prior 4-week average.   Increases reported for China (385,900 MT, including 117,900 MT switched from unknown destinations), were offset by reductions for unknown destinations (54,000 MT).  Exports of 118,200 MT were down 33 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were to China (117,900 MT), and Mexico (300 MT). 

Rice:  Net sales of 51,800 MT for 2021/2022 were up 6 percent from the previous week, but down 13 percent from the prior 4-week average.  Increases were primarily for Mexico (21,400), Japan (13,000 MT), Nicaragua (11,100 MT), Canada (4,200 MT), and Saudi Arabia (900 MT).  Exports of 60,600 MT were down 1 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were primarily to Mexico (25,800 MT), Costa Rica (18,400 MT), Nicaragua (11,100 MT), Canada (2,700 MT), and Saudi Arabia (900 MT). 

Exports for Own Account: For 2021/2022, new optional origin sales of 100 MT were reported for Canada.  The current exports for own account outstanding balance is 200 MT, all Canada.  

Export Adjustments:  Accumulated exports of medium, short and other classes, milled rice to Israel were adjusted down 18,981 MT for week ending November 25th.  These exports were reported in error. 

Soybeans:  Net sales of 1,308,600 MT for 2021/2022 were down 20 percent from the previous week and 6 percent from the prior 4-week average.  Increases primarily for China (985,800 MT, including 402,000 MT switched from unknown destinations and decreases of 6,000 MT), Spain (80,000 MT switched from unknown destinations), Mexico (77,700 MT, including decreases of 3,400 MT), Thailand (70,900 MT, including 66,000 MT switched from unknown destinations), and Egypt (67,900 MT, including decreases of 4,200 MT), were offset by reductions primarily for unknown destinations (387,500 MT).  Total net sales of 140,000 MT for 2022/2023 were for unknown destinations.  Exports of 1,918,200 MT were down 21 percent from the previous week and 17 percent from the prior 4-week average.  The destinations were primarily to China (1,037,700 MT), Egypt (225,900 MT), Mexico (137,900 MT), Spain (80,000 MT), and Thailand (76,500 MT). 

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 34,600 MT, all Canada. 

Soybean Cake and Meal:  Net sales of 95,600 MT for 2021/2022–a marketing-year low–were down 53 percent from the previous week and 43 percent from the prior 4-week average.  Increases primarily for Thailand (50,000 MT switched from unknown destinations), Colombia (39,100 MT), Morocco (35,000 MT), the Philippines (24,800 MT, including decreases of 1,000 MT), and Mexico (15,400 MT), were offset by reductions primarily for unknown destinations (61,900 MT) and Ecuador (56,000 MT).  Net sales of 200 MT for 2022/2023 resulting in increases for Japan (300 MT), were offset by reductions for Canada (100 MT).  Exports of 189,300 MT were down 38 percent from the previous week and 30 percent from the prior 4-week average.  The destinations were primarily to the Philippines (51,100 MT), Mexico (39,000 MT), Canada (37,600 MT), Colombia (17,600 MT), and the Dominican Republic (9,600 MT).   

Optional Origin Sales:  For 2021/2022, the current outstanding balance of 50,000 MT is for Venezuela.   

Late Reporting: For 2021/2022, net sales totaling 1,400 MT of soybean cake and meal were reported late for Canada. 

Soybean Oil:  Net sales of 10,600 MT for 2021/2022 were up 99 percent from the previous week, but down 74 percent from the prior 4-week average.  Increases primarily for Venezuela (3,000 MT), South Korea (3,000 MT), and Colombia (3,000 MT), were offset by reductions for Canada (1,800 MT).  Exports of 10,600 MT were down 67 percent from the previous week and 56 percent from the prior 4-week average.  The destinations were to the Dominican Republic (4,100 MT), Jamaica (3,500 MT), Mexico (2,500 MT), and Canada (500 MT). 

Cotton:  Net sales of 286,400 RB for 2021/2022 were down 25 percent from the previous week, but up 5 percent from the prior 4-week average.  Increases were primarily for China (101,700 RB, including 4,400 RB switched from Vietnam), Pakistan (52,200 RB), Bangladesh (35,900 RB, including decreases of 100 RB), Turkey (22,000 RB, including 4,400 RB switched from Vietnam and decreases of 2,200 RB), and Vietnam (21,700 RB, including 900 RB switched from South Korea).  Net sales of 56,300 RB for 2022/2023 were reported for Bangladesh (22,000 RB), Turkey (13,200 RB), Pakistan (11,000 RB), China (6,600 RB), and Mexico (3,500 RB).  Exports of 131,500 RB were up 15 percent from the previous week and 46 percent from the prior 4-week average.  The destinations were primarily to China (41,100 RB), Vietnam (22,900 RB), Mexico (20,300 RB), Turkey (14,000 RB), and Pakistan (6,000 RB).  Net sales of Pima totaling 700 RB–a marketing-year low–were down 90 percent from the previous week and 95 percent from the prior 4-week average.  Increases primarily for Egypt (900 RB), Thailand (400 RB), unknown destinations (400 RB), and Honduras (200 RB), were offset by reductions for Pakistan (1,300 RB).  Exports of 8,500 RB were down 3 percent from the previous week, but up 42 percent from the prior 4-week average.  The destinations were primarily to Peru (3,500 RB), India (2,200 RB), Turkey (1,100 RB), China (900 RB), and Bahrain (300 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 100 RB is for Vietnam.   

Hides and Skins:  Net sales of 264,300 pieces for 2021 were down 6 percent from the previous week and 33 percent from the prior 4-week average.  Increases primarily for China (146,600 whole cattle hides, including decreases of 24,100 pieces), South Korea (53,200 whole cattle hides, including decreases of 1,100 pieces), Thailand (29,800 whole cattle hides, including decreases of 1,100 pieces), Mexico (24,700 whole cattle hides, including decreases of 600 pieces), and Taiwan (5,000 whole cattle hides, including decreases of 100 pieces), were offset by reductions for Brazil (200 pieces), Italy (100 pieces), and Spain (100 pieces).  Net sales of 47,700 pieces for 2022 were primarily for Mexico (25,200 whole cattle hides) and China (20,600 whole cattle hides).  In addition, total net sales of 8,400 calf skins were reported from Belgium.  Exports of 377,100 pieces were up 1 percent from the previous week, but unchanged from the prior 4-week average.  Whole cattle hide exports were primarily to China (255,500 pieces), South Korea (46,900 pieces), Mexico (34,800 pieces), Thailand (13,500 pieces), and Brazil (6,400 pieces).  

Net sales of 97,000 wet blues for 2021 were up noticeably from the previous week and up 5 percent from the prior 4-week average.  Increases primarily for Italy (43,000 grain splits, 24,300 unsplit, decreases of 400 unsplit and 200 grain splits), Thailand (23,000 unsplit, including decreases of 100 unsplit), China (19,000 unsplit), Taiwan (7,500 unsplit), and Japan (7,200 grain splits), were offset by reductions for Vietnam (36,800 unsplit) and India (2,400 grain splits).  Net sales of 58,000 wet blues for 2022 primarily for Vietnam (51,200 unsplit), Hong Kong (9,000 unsplit), China (4,500 unsplit), India (2,400 grain splits), and Haiti (800 unsplit), were offset by reductions for Italy (8,100 unsplit) and Taiwan (2,400 unsplit).  Exports of 139,300 wet blues were up 34 percent from the previous week and 15 percent from the prior 4-week average.  The destinations were primarily to Italy (36,800 unsplit and 9,400 grain splits), China (43,000 unsplit), Vietnam (25,000 unsplit), Thailand (16,600 unsplit), and Mexico (4,000 grain splits and 900 unsplit).  Net sales of 144,100 splits resulting in increases for China (164,000 splits), were offset by reductions for Vietnam (19,900 unsplit).  Total net sales of 249,300 splits for 2022 were for China.  Exports of 434,000 pounds were to Vietnam (391,000 pounds) and China (43,000 pounds).  

Beef:  Net sales of 17,100 MT for 2021 were up noticeably from the previous week, but down 3 percent from the prior 4-week average.  Increases primarily for Japan (4,700 MT, including decreases of 300 MT), South Korea (4,500 MT, including decreases of 600 MT), China (3,700 MT, including decreases of 100 MT), Canada (1,400 MT, including decreases of 100 MT), and Taiwan (800 MT, including decreases of 300 MT), were offset by reductions for Vietnam (200 MT).  Net sales of 5,700 MT for 2022 were primarily for China (1,500 MT), South Korea (1,400 MT), Japan (1,000 MT), and Mexico (900 MT).  Exports of 18,500 MT were up 11 percent from the previous week and 6 percent from the prior 4-week average.  The destinations were primarily to South Korea (5,200 MT), Japan (4,400 MT), China (3,000 MT), Canada (1,700 MT), and Taiwan (1,600 MT).   

Pork:  Net sales of 31,100 MT for 2021 were up 58 percent from the previous week and 20 percent from the prior 4-week average.  Increases primarily for Mexico (22,700 MT, including decreases of 600 MT), Canada (2,700 MT, including decreases of 400 MT), Japan (2,100 MT, including decreases of 500 MT), South Korea (1,800 MT, including decreases of 1,100 MT), and Colombia (1,300 MT, including decreases of 400 MT), were offset by reductions for China (700 MT), Australia (600 MT), and Nicaragua (200 MT).  Net sales of 5,800 MT for 2022 were primarily for Mexico (2,500 MT), Japan (800 MT), China (700 MT), Australia (500 MT), and Colombia (500 MT).  Exports of 30,100 MT were down 10 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Mexico (14,500 MT), China (4,200 MT), Japan (3,200 MT), South Korea (2,800 MT), and Canada (1,700 MT).