FW: FI Weekly USDA Export Sales Snapshot 01/24/20

PDF attached

 

USDA US export sales.

·         US soybean meal sales of 641,900 tons were robust with several countries booking the product, led by the Philippines, Mexico, Spain, and Germany. 

·         Soybean export sales of 790,000 tons current crop and 120,700 tons new-crop were within expectations. 

·         Soybean oil sales of 55,600 tons were well above expectations and the previous week. 

·         Corn export sales of 1.007 million tons were above expectations.

·         All-wheat export sales were good at 696,000 tons for 2019-20. 

·         Pork sales were over 30,000 tons and shipments were robust at 44,400.

 

 

 

 

 

 

Export Sales Highlights    

This summary is based on reports from exporters for the period January 10-16, 2020.

 

Wheat:  Net sales of 696,000 metric tons for 2019/2020 were up 7 percent from the previous week and 58 percent from the prior 4-week average.  Increases were primarily for Bangladesh (111,900 MT, including 56,900 MT switched from unknown destinations), Japan (96,200 MT), Guatemala (88,600 MT), Taiwan (76,800 MT), and South Korea (71,200 MT), were offset by reductions for unknown destinations (16,200 MT).  For 2020/2021, total net sales of 46,000 MT were for unknown destinations.  Exports of 525,000 MT were up 14 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were primarily to Indonesia (115,200 MT), the Philippines (64,100 MT), Bangladesh (56,900 MT), Mexico (53,800 MT), and the Dominican Republic (39,600 MT). 

Optional Origin Sales:  For 2019/2020, the current outstanding balance of 56,000 MT is for the Philippines. 

 

Corn:  Net sales of 1,006,900 MT for 2019/2020 were up 28 percent from the previous week and 92 percent from the prior 4-week average.  Increases were primarily for Japan (372,600 MT, including 8,400 MT switched from unknown destinations and decreases of 10,000 MT), Mexico (269,900 MT, including decreases of 34,600 MT), Colombia (154,500 MT, including 91,400 MT switched from unknown destinations), Guatemala (73,200 MT, including decreases of 2,600 MT), and Nicaragua (39,600 MT).  For 2020/2021, total net sales of 2,000 MT were for Nicaragua.  Exports of 392,100 MT were down 28 percent from the previous week and 15 percent from the prior 4-week average.  The destinations were primarily to Mexico (161,200 MT), Colombia (120,500 MT), Japan (66,200 MT), Canada (21,200 MT), and Jamaica (7,100 MT).  Optional Origin Sales:  For 2019/2020, the current outstanding balance of 375,900 MT is for South Korea (267,000 MT), Egypt (58,900 MT), and Israel (50,000 MT).

 

Barley: No net sales for 2019/2020 were reported for the week.  Exports of 400 MT were down 48 percent from the previous week and 42 percent from the prior 4-week average.  The destination was Japan.

 

Sorghum:  Total net sales of 11,100 MT for 2019/2020 were for Japan.  Exports of 16,700 MT were down 27 percent from the previous week and 75 percent from the prior 4-week average.  The destinations were Japan (11,100 MT) and Mexico (5,600 MT).     

 

Rice:  Net sales of 78,600 MT for 2019/2020 were up noticeably from the previous week and up 82 percent from the prior 4-week average.  Increases were primarily for South Korea (30,800 MT), Mexico (26,400 MT), Haiti (12,500 MT, including decreases of 2,700 MT), Canada (3,300 MT), and El Salvador (2,600 MT).  Exports of 72,200 MT were up noticeably  from the previous week and up 12 percent from the prior 4-week average.  The destinations were primarily to Japan (26,700 MT), the Dominican Republic (15,000 MT), Haiti (12,600 MT), South Korea (5,900 MT), and Mexico (4,000 MT). Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 200 MT, all Canada.

 

Soybeans:  Net sales of 790,000 MT for 2019/2020 were up 23 percent from the previous week and 59 percent from the prior 4-week average.  Increases primarily for China (225,900 MT, including 70,000 MT switched from unknown destinations and decreases of 171,300 MT), Mexico (218,900 MT, including 47,500 MT switched from unknown destinations and decreases of 1,500 MT), Egypt (187,500 MT, including 65,000 MT switched from unknown destinations), Vietnam (87,800 MT, including 70,000 MT switched from unknown destinations), and Germany (69,400 MT), were offset by reductions for unknown destinations (256,900 MT).  For 2020/2021, net sales of 120,700 MT were for unknown destinations (120,000 MT) and Japan (700 MT).  Exports of 1,053,100 MT were down 13 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were primarily to China (447,700 MT), Bangladesh (165,200 MT), Mexico (91,700 MT), Vietnam (80,900 MT), and Germany (69,400 MT). 

Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 2,100 MT, all Canada.  Export Adjustments:  Accumulated exports of soybeans to the Netherlands were adjusted down  69,377 MT for week ending January 9^th.  The correct destination is Germany and is included in this week’s report.

 

Soybean Cake and Meal:  Net sales of 641,900 MT for 2019/2020–a marketing-year high–were up 71 percent from the previous week and up noticeably from the prior 4-week average.  Increases primarily for the Philippines (184,500 MT), Mexico (82,300 MT, including decreases of 100 MT), Spain (60,000 MT), Germany (55,000 MT), and unknown destinations (33,700 MT), were offset by reductions for the Dominican Republic (300 MT) and Leeward Windward Islands (100 MT).  Exports of 231,600 MT were primarily to the Philippines (46,900 MT), Mexico (38,600 MT), Morocco (32,000 MT), Ecuador (31,700 MT), and the Dominican Republic (20,700 MT).

 

Soybean Oil:  Net sales of 55,600 MT for 2019/2020 resulting in increases primarily for unknown destinations (19,000 MT), South Korea (13,400 MT), Colombia (8,500 MT), Jamaica (7,000 MT), and Guatemala (5,000 MT), were offset by reductions for Canada (2,200 MT).  Exports of 2,500 MT were to Mexico (2,200 MT) and Canada (300 MT). 

 

Cotton:  Net sales of 307,800 RB for 2019/2020 were up 32 percent from the previous week and 61 percent from the prior 4-week average.  Increases primarily for Turkey (82,700 RB), Pakistan (72,200 RB), Vietnam (70,800 RB, including 1,300 RB switched from South Korea, 200 RB switched from Hong Kong, 100 RB switched from Japan, and decreases of 3,300 RB), Indonesia (33,600 RB, including 800 RB switched from Japan and decreases of 200 RB), and Egypt (17,600 RB), were offset by reductions for India (25,000 RB).  For 2020/2021, total net sales of 13,200 RB were for Vietnam.  Exports of 282,600 RB were down 6 percent from the previous week, but up 20 percent from the prior 4-week average.  Exports were primarily to Vietnam (80,500 RB), Pakistan (44,700 RB), China (41,400 RB), Turkey (29,000 RB), and Mexico (20,600 RB).  Net sales of Pima totaling 20,200 RB were down 41 percent from the previous week, but up 9 percent from the prior 4-week average.  Increases were primarily for India (6,400 RB), China (6,000 RB, including decreases of 200 RB), Pakistan (2,400 RB), Bangladesh (2,400 RB), and Vietnam (900 RB).  Exports of 6,500 RB were down 16 percent from the previous week and 7 percent from the prior 4-week average.  The primary destinations were Peru (1,600 RB), India (900 RB), Vietnam (900 RB), Pakistan (700 RB), and El Salvador (600 RB). 

Exports for Own Account:  For 2019/2020, new exports for own account totaling 10,100 RB were primarily to Vietnam (5,600 RB), South Korea (2,300 RB), and Bangladesh (1,400 RB).  Exports for own account totaling 14,200 RB to Vietnam were applied to new or outstanding sales.  The current exports for own account outstanding balance of 27,400 RB is for Bangladesh (7,900 RB), India (7,800 RB), Vietnam (6,000 RB), China (2,500 RB), South Korea (2,300 RB), and Taiwan (900 RB).

 

Hides and Skins: Net sales of 472,700 pieces reported for 2020.  Whole cattle hide sales totaling 457,200 pieces primarily for China (231,900 pieces, including decreases of 17,000 pieces), Thailand (65,000 pieces, including decreases of 900 pieces), Mexico (59,500 pieces, including decreases of 4,600 pieces), South Korea (53,000 pieces, including decreases of 10,500 pieces), and Taiwan (29,900 pieces, including decreases of 1,300 pieces), were offset by reductions for Cambodia (200 pieces).  Exports of 453,300 pieces reported for 2020.  Whole cattle hide exports of 444,600 pieces were primarily to China (298,600 pieces), South Korea (68,800 pieces), Mexico (38,100 pieces), Taiwan (12,200 pieces), and Thailand (6,800 pieces).

 

Net sales of 188,300 wet blues for 2020 were reported for Italy (88,400 unsplit), China (35,600 unsplit and 100 grain splits), Vietnam (34,200 unsplit and 200 grain splits), Hong Kong (8,000 unsplit), and Mexico (7,900 grain splits).  Exports of 185,600 wet blues were to Vietnam (60,600 unsplit and 1,400 grain splits), China (39,000 unsplit and 7,200 grain splits), Italy (34,300 unsplit and 3,600 grain splits), Thailand (12,500 unsplit), and Taiwan (12,300 unsplit). Total net sales reductions of splits, 4,500 pounds for 2020 were for Vietnam.  Total exports of 525,500 pounds were to Vietnam.

 

Beef: Net sales of 27,800 MT for 2020 were primarily for South Korea (9,700 MT, including decreases of 400 MT), Japan (8,200 MT, including decreases of 200 MT), Mexico (3,000 MT, including decreases of 100 MT), Taiwan (2,000 MT, including decreases of 100 MT), and Hong Kong (1,800 MT, including decreases of 100 MT).  Exports of 17,900 MT were primarily to Japan (5,400 MT), South Korea (4,800 MT), Mexico (1,900 MT), Taiwan (1,500 MT), and Hong Kong (1,200 MT). 

 

Pork: Net sales of 30,300 MT for 2020 were primarily for Mexico (10,400 MT), Japan (4,900 MT), Canada (3,400 MT), China (3,000 MT), and South Korea (2,600 MT).  For 2021, total net sales of 300 MT were for South Korea.  Exports of 44,400 MT were primarily to China (16,900 MT), Mexico (11,800 MT), Japan (5,400 MT), South Korea (3,500 MT), and Canada (2,700 MT).

 

 

January 24, 2020                                   1                                   FOREIGN AGRICULTURAL SERVICE/USDA

         

                                                                                                SUMMARY OF EXPORT TRANSACTIONS
                                                                                 REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
                                                                                                FOR PERIOD ENDING JANUARY 16, 2020

COMMODITY                                            DESTINATION                                                                  QUANTITY (MT)                                              M ARKETING

SOYBEANS                                                CHINA                                                                                126,000 MT 1/                                                   2019/2020

SOYBEANS                                                UNKNOWN                                                                       120,000 MT 1/                                                   2020/2021

SOYBEAN CAKE & MEAL                       PHILIPPINES                                                                     180,000 MT 1/                                                   2019/2020

 

1/ Export sales. 

U.S. EXPORT SALES FOR WEEK ENDING 1/16/2020

	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	284.3	1,608.9	1,808.2	213.0	5,825.2	3,770.6	20.9	80.9
SRW	5.3	437.2	886.1	29.2	1,692.6	1,391.0	0.0	4.2
HRS	220.1	1,430.6	1,511.3	172.6	4,373.7	3,992.9	14.2	59.0
WHITE	182.9	1,128.5	1,167.2	110.3	2,970.0	2,961.6	10.9	20.9
DURUM	3.3	190.4	89.9	0.0	623.8	330.0	0.0	61.0
TOTAL	696.0	4,795.6	5,462.7	525.0	15,485.3	12,446.1	46.0	225.9
BARLEY	0.0	29.8	30.9	0.4	29.9	27.4	0.0	0.0
CORN	1,006.9	10,481.8	13,020.8	392.1	9,826.3	19,266.6	2.0	1,024.6
SORGHUM	11.1	508.4	119.2	16.7	632.0	357.4	0.0	0.0
SOYBEANS	790.0	6,977.5	12,517.2	1,053.1	24,225.9	17,851.9	120.7	304.3
SOY MEAL	641.9	3,373.8	3,936.1	231.6	3,256.1	2,973.6	0.0	87.3
SOY OIL	55.6	197.3	210.7	2.5	322.7	195.2	0.0	0.5
RICE
L G RGH	22.0	345.8	222.9	3.6	681.5	564.4	0.0	0.0
M S RGH	4.5	19.3	4.5	0.1	16.0	23.1	0.0	0.0
L G BRN	1.3	21.8	5.2	0.3	20.2	24.7	0.0	0.0
M&S BR	30.8	71.0	95.2	3.2	19.0	45.3	0.0	0.0
L G MLD	17.4	135.9	141.8	30.8	534.7	371.8	0.0	0.0
M S MLD	2.7	132.3	217.3	34.2	295.6	191.2	0.0	0.0
TOTAL	78.6	726.1	687.0	72.2	1,567.0	1,220.5	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	307.8	7,446.0	7,305.9	282.6	4,721.2	3,572.9	13.2	1,030.7
PIMA	20.2	221.5	294.6	6.5	186.8	172.6	0.0	35.3