FI Weekly USDA Export Sales Snapshot 12/30/21

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USDA export sales were below expectations for the soybean complex, above a Reuters trade guess for corn and slightly below a trade range for all-wheat. We see no bullish figures out of this report.  Shipments of soybean products slowed but this is not uncommon for this time of year.  Sorghum sales were 182,900 tons and pork slowed to 3,200 tons. 

 

 

 

  

U.S. EXPORT SALES FOR WEEK ENDING  12/23/2021

	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	87.3	2,106.4	1,635.2	194.3	4,172.6	5,465.6	0.0	14.0
SRW	29.0	738.5	507.6	17.5	1,572.9	1,062.2	0.0	34.5
HRS	63.1	1,270.4	1,671.3	55.3	2,968.8	4,105.8	0.0	0.0
WHITE	20.1	845.4	2,681.2	67.9	2,026.2	2,843.7	0.0	0.0
DURUM	0.0	36.2	103.8	0.0	97.2	486.5	0.0	33.0
TOTAL	199.5	4,996.8	6,599.2	335.0	10,837.7	13,963.9	0.0	81.5
BARLEY	0.0	19.0	13.7	0.7	11.5	16.9	0.0	0.0
CORN	1,246.5	27,073.1	28,967.0	921.4	13,667.7	14,228.5	60.0	1,512.0
SORGHUM	182.9	3,746.5	3,188.5	174.1	1,538.7	1,899.7	0.0	0.0
SOYBEANS	524.0	12,448.4	17,513.1	1,723.4	28,935.7	37,074.0	75.0	216.0
SOY MEAL	69.5	3,181.3	2,853.3	170.6	2,913.6	2,972.7	0.3	35.9
SOY OIL	9.3	287.5	293.6	11.9	150.3	194.0	0.1	0.2
RICE
L G RGH	1.0	166.7	234.8	1.6	580.7	732.3	0.0	0.0
M S RGH	0.0	6.3	16.4	0.0	2.9	12.5	0.0	0.0
L G BRN	0.4	4.0	9.6	0.2	26.8	22.0	0.0	0.0
M&S BR	0.0	68.4	61.3	0.2	15.2	34.0	0.0	0.0
L G MLD	16.0	94.4	84.5	1.7	344.5	269.7	0.0	0.0
M S MLD	52.1	104.6	182.1	27.6	176.4	190.3	0.0	0.0
TOTAL	69.5	444.3	588.7	31.2	1,146.6	1,260.8	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	192.2	7,518.2	6,131.7	162.2	2,931.9	5,253.4	24.4	1,070.2
PIMA	7.1	234.9	223.7	7.0	137.6	329.9	0.0	4.4

 

 

This summary is based on reports from exporters for the period December 17-23, 2021.

Wheat:  Net sales of 199,500 metric tons (MT) for 2021/2022 were down 53 percent from the previous week and 43 percent from the prior 4-week average.  Increases primarily for Taiwan (110,000 MT), Guatemala (35,600 MT, including 31,600 MT switched from unknown destinations), Nicaragua (30,000 MT), Haiti (27,500 MT switched from unknown destinations), and Mexico (19,100 MT, including decreases of 3,000 MT), were offset by reductions primarily for unknown destinations (70,600 MT).  Exports of 335,000 MT were up 76 percent from the previous week and 28 percent from the prior 4-week average.  The destinations were primarily to Japan (90,300 MT), Colombia (45,200 MT), Mexico (43,300 MT), South Korea (30,000 MT), and Nigeria (27,500 MT). 

Corn:  Net sales of 1,246,500 MT for 2021/2022 were up 27 percent from the previous week, but down 2 percent from the prior 4-week average.  Increases were primarily for Japan (385,800 MT, including 160,900 MT switched from unknown destinations and decreases of 2,000 MT), Canada (200,100 MT, including decreases of 200 MT), unknown destinations (163,800 MT), Mexico (149,100 MT, including and decreases of 11,900 MT), and Guatemala (94,600 MT).  Total net sales of 60,000 MT for 2022/2023 were for Japan.  Exports of 921,400 MT were down 16 percent from the previous week and 9 percent from the prior 4-week average.  The destinations were primarily to Mexico (278,300 MT), China (277,000 MT), Japan (189,800 MT), Canada (64,000 MT), and Costa Rica (27,600 MT).

Optional Origin Sales:  For 2021/2022, options were exercised to export to unknown destinations (60,000 MT) from the United States.  The current outstanding balance of 441,000 MT is for unknown destinations (369,000 MT), Italy (63,000 MT), and Saudi Arabia (9,000 MT).

Barley:  No net sales were reported for the week.  Exports of 700 MT were down 16 percent from the previous week and 10 percent from the prior 4-week average.  The destination was to Japan.

Sorghum:  Net sales of 182,900 MT for 2021/2022 were down 57 percent from the previous week and 46 percent from the prior 4-week average.  Increases were reported for China (124,900 MT, including decreases of 208,500 MT) and unknown destinations (58,000 MT).  Exports of 174,100 MT were down 45 percent from the previous week and 13 percent from the prior 4-week average.  The destination was primarily to China (173,900 MT).

Rice:  Net sales of 69,500 MT for 2021/2022 were down 13 percent from the previous week, but up 43 percent from the prior 4-week average.  Increases were primarily for Japan (28,700 MT), South Korea (22,000 MT), Haiti (15,000 MT), Canada (1,300 MT), and Honduras (1,000 MT).  Exports of 31,200 MT were down 25 percent from the previous week and 50 percent from the prior 4-week average.  The destinations were primarily to Japan (26,100 MT), Canada (1,900 MT), Mexico (1,800 MT), Costa Rica (300 MT), and Hong Kong (200 MT). 

Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales of 524,000 MT for 2021/2022–a marketing-year low–were down 35 percent from the previous week and 56 percent from the prior 4-week average.  Increases primarily for China (432,800 MT, including 394,000 MT switched from unknown destinations and decreases of 9,300 MT), Turkey (119,500 MT, including 116,000 MT switched from unknown destinations), the Netherlands (83,900 MT, including 80,000 MT switched from unknown destinations and decreases of 2,100 MT), Thailand (77,400 MT, including 66,000 MT switched from unknown destinations), and the United Kingdom (66,000 MT, including 60,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (494,500 MT).  Net sales of 75,000 MT for 2022/2023 were for unknown destinations (66,000 MT) and Japan (9,000 MT).  Exports of 1,723,400 MT were down 7 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were primarily to China (944,600 MT), Turkey (119,500 MT), the Netherlands (83,900 MT), Thailand (82,900 MT), and the United Kingdom (66,000 MT).

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

Export Adjustments:  Accumulated exports of soybeans to the Netherlands were adjusted down 64,931 MT for week ending December 2, 2021.  The correct destination for this shipment is Germany.

Soybean Cake and Meal:  Net sales of 69,500 MT for 2021/2022–a marketing-year low–were down 77 percent from the previous week and 63 percent from the prior 4-week average.  Increases primarily for El Salvador (25,500 MT, including decreases of 200 MT), Mexico (23,900 MT, including decreases of 300 MT), Honduras (13,700 MT), Costa Rica (5,000 MT), and Japan (5,000 MT), were offset by reductions primarily for Canada (16,300 MT) and the Philippines (2,100 MT).  Net sales of 300 MT for 2022/2023 resulting in increases for the Netherlands (800 MT), were offset by reductions for Japan (500 MT).  Exports of 170,600 MT were down 57 percent from the previous week and 41 percent from the prior 4-week average.  The destinations were primarily to the Philippines (47,300 MT), Mexico (45,300 MT), Canada (11,500 MT), Panama (10,000 MT), and the Dominican Republic (9,000 MT).  

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

Soybean Oil:  Net sales of 9,300 MT for 2021/2022 were down 92 percent from the previous week and 79 percent from the prior 4-week average.  Increases were primarily for Mexico (5,300 MT), Canada (2,000 MT), Nicaragua (1,200 MT), the Dominican Republic (400 MT), and Guatemala (300 MT, including decreases of 6,000 MT).  Total net sales of 100 MT for 2022/2023 were for Canada.  Exports of 11,900 MT were up noticeably from the previous week, but down 48 percent from the prior 4-week average.  The destinations were to Guatemala (7,800 MT), Mexico (2,700 MT), and Honduras (900 MT).

Cotton:  Net sales of 192,200 RB for 2021/2022 were down 21 percent from the previous week and 40 percent from the prior 4-week average.  Increases were primarily for China (69,300 RB), Turkey (38,000 RB, including decreases of 2,700 RB), Indonesia (30,000 RB, including 2,700 RB switched from Japan), Pakistan (18,100 RB), and Vietnam (15,200 RB, including 200 RB switched from Japan), were offset by reductions for Japan (2,300 RB).  Net sales of 24,400 RB for 2022/2023 reported for Pakistan (25,100 RB), were offset by reductions for China (700 RB).  Exports of 162,200 RB were up 24 percent from the previous week and 45 percent from the prior 4-week average.  The destinations were primarily to China (45,600 RB), Vietnam (42,200 RB), Pakistan (15,600 RB), Turkey (15,300 RB), and Mexico (6,500 RB).  Net sales of Pima totaling 7,100 RB were up 9 percent from the previous week and 37 percent from the prior 4-week average.  Increases were primarily for China (4,300 RB), India (1,500 RB), Thailand (900 RB), and South Korea (300 RB).  Exports of 7,000 RB were up 55 percent from the previous week and 16 percent from the prior 4-week average.  The destinations were primarily to China (2,200 RB), Honduras (1,700 RB), India (1,300 RB), and Peru (1,000 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 is 100 RB, all Vietnam.

 Export Adjustments:  Accumulated exports of upland cotton to Indonesia were adjusted down 352 RB for week ending December 16, 2021.  This export was reported in error.

Hides and Skins:  Net sales of 52,100 pieces for 2021 were down 79 percent from the previous week and 82 percent from the prior 4-week average.  Increases primarily for China (47,900 whole cattle hides, including decreases of 22,300 pieces), South Korea (8,100 whole cattle hides, including decreases of 9,000 pieces), Mexico (2,200 whole cattle hides, including decreases of 1,000 pieces), Vietnam (1,800 whole cattle hides), and Canada 700 whole cattle hides, including decreases of 700 pieces), were offset by reductions primarily for Taiwan (4,700 pieces) and Thailand (3,400 pieces).  Net sales of 258,200 pieces for 2022 were primarily for China (146,800 whole cattle hides), South Korea (30,200 whole cattle hides), Brazil (27,700 whole cattle hides), and Thailand (18,400 whole cattle hides).  In addition, total net sales of 1,800 calf skins were reported for Italy.  Exports of 319,100 pieces were down 27 percent from the previous week and 18 percent from the prior 4-week average.  Whole cattle hide exports were primarily to China (218,300 pieces), South Korea (33,500 pieces), Thailand (28,800 pieces), and Taiwan (17,500 pieces).

Net sales reductions of 45,300 wet blues for 2021 were down noticeably from the previous week and from the prior 4-week average.  Decreases were primarily for Vietnam (21,400 unsplit), Italy (6,900 unsplit and 6,700 grain splits), China (8,600 unsplit), and Hong Kong (1,000 unsplit).  Net sales of 310,300 wet blues for 2022 resulting in increases for Hong Kong (108,000 unsplit), China (87,100 unsplit), Italy (45,400 unsplit and 6,500 grain splits), Vietnam (40,000 unsplit), and Thailand (22,400 unsplit), were offset by reductions for India (2,400 grain splits).  Exports of 75,500 wet blues were down 45 percent from the previous week and 41 percent from the prior 4-week average.  The destinations were primarily to Italy (24,400 unsplit and 13,500 grain splits), Vietnam (16,800 unsplit), China (10,200 unsplit), Thailand (5,200 unsplit), and Taiwan (2,400 unsplit).  Net sales reductions of 104,800 splits resulting in increases for Vietnam (13,500 pounds), were more than offset by reductions for China (118,300 splits).  Net sales of 117,400 splits for 2022 resulting in increases for China (120,400 pounds) and Vietnam (3,000 pounds), were offset by reductions for South Korea (6,100 pounds).  Exports of 647,800 pounds were primarily to Vietnam (437,600 pounds).

Beef:  Net sales of 6,300 MT for 2021 were down 48 percent from the previous week and 55 percent from the prior 4-week average.  Increases primarily for Japan (2,600 MT, including decreases of 300 MT), South Korea (1,800 MT, including decreases 500 MT), China (1,000 MT, including decreases of 300 MT), Mexico (300 MT), and Indonesia (200 MT), were offset by reductions for Taiwan (300 MT) and Canada (100 MT).  Net sales of 6,000 MT for 2022 were primarily for Japan (2,400 MT), South Korea (1,300 MT), Taiwan (900 MT), Hong Kong (400 MT), and China (300 MT).  Exports of 17,000 MT were down 5 percent from the previous week and 2 percent from the prior 4-week average.  The destinations were primarily to South Korea (5,200 MT), Japan (3,500 MT), China (2,800 MT), Taiwan (1,700 MT), and Mexico (1,400 MT). 

Pork:  Net sales of 3,200 MT for 2021 were down 89 percent from the previous week and 90 percent from the prior 4-week average.  Increases primarily for Mexico (14,700 MT, including decreases of 500 MT), Japan (2,500 MT, including decreases of 1,100 MT), Nicaragua (100 MT, including decreases of 100 MT), the Dominican Republic (100 MT), and the Netherlands (100 MT), were offset by reductions primarily for China (9,500 MT), Australia (2,500 MT), and Colombia (1,000 MT).  Net sales of 35,900 MT for 2022 primarily for China (18,600 MT), Mexico (5,000 MT), South Korea (3,600 MT), Australia (2,500 MT), and Colombia (1,900 MT), were offset by reductions for Nicaragua (100 MT).  Exports of 30,900 MT were down 3 percent from the previous week and 6 percent from the prior 4-week average.  The destinations were primarily to Mexico (15,900 MT), Japan (4,200 MT), China (3,100 MT), South Korea (2,300 MT), and Canada (1,700 MT).

December 30, 2021                                          1                FOREIGN AGRICULTURAL SERVICE/USDA

SUMMARY OF EXPORT TRANSACTIONS

REPORTED UNDER THE DAILY REPORTING SYSTEM
FOR PERIOD ENDING DECEMBER 23, 2021

 

                  Commodity                              Destination                             Quantity (MT)           Marketing 

                

                  CORN                                    UNKNOWN                              269,240 MT 1/          2021/2022

                                   

                 1/ Export Sales.