FW: FI Weekly USDA Export Sales Snapshot 02/21/20

PDF attached

 

• No sales to China for soybeans. 
• USDA export sales were below expectations for soybeans and meal, but good for soybean oil. 
• US corn sales exceeded expectations while wheat fell below the trade range. 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 2/13/2020

 

	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	166.1	1,852.1	2,565.7	222.1	6,483.1	4,724.6	6.2	87.1
SRW	16.1	364.1	941.7	45.2	1,854.3	1,851.1	31.5	56.7
HRS	78.4	1,488.5	1,468.7	166.5	4,898.8	4,658.6	22.4	105.4
WHITE	78.7	1,191.9	1,401.8	105.6	3,294.1	3,394.4	0.0	20.9
DURUM	7.0	148.4	119.2	56.0	679.8	357.8	0.0	61.0
TOTAL	346.3	5,045.0	6,497.2	595.3	17,210.1	14,986.5	60.1	331.0
BARLEY	0.1	15.5	27.8	0.4	33.4	30.4	0.0	30.5
CORN	1,249.2	12,357.3	13,559.8	761.2	12,651.2	24,756.2	1.0	1,259.9
SORGHUM	49.6	248.3	98.3	85.2	974.4	630.3	33.0	33.0
SOYBEANS	494.3	5,041.4	13,458.7	957.8	28,405.5	23,304.1	3.4	319.9
SOY MEAL	169.4	3,562.5	3,761.7	237.1	4,122.6	4,616.8	0.0	87.3
SOY OIL	42.0	253.0	190.9	87.5	430.4	307.2	0.0	0.5
RICE
L G RGH	55.3	418.1	301.6	77.8	835.6	634.4	0.0	0.0
M S RGH	0.0	42.8	4.5	0.5	17.5	23.1	0.0	0.0
L G BRN	0.4	11.5	5.7	11.1	33.1	27.3	0.0	0.0
M&S BR	0.1	60.7	90.2	5.4	29.9	50.7	0.0	0.0
L G MLD	17.8	107.3	88.9	2.5	591.1	530.3	0.0	0.0
M S MLD	33.0	151.4	188.8	10.6	345.7	267.9	0.0	0.0
TOTAL	106.6	791.9	679.8	107.9	1,852.9	1,533.8	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	235.3	7,189.5	6,851.5	375.7	6,243.2	5,004.4	141.2	1,284.1
PIMA	9.5	227.1	226.3	10.2	222.9	283.1	0.0	35.3

                                                                                          Export Sales Highlights   

This summary is based on reports from exporters for the period February 7-13, 2020.

Wheat:  Net sales of 346,300 metric tons for 2019/2020 were down 46 percent from the previous week and 40 percent from the prior 4-week average.  Increases primarily for Indonesia (73,400 MT), Mexico (72,400 MT, including decreases of 1,000 MT), Colombia (49,400 MT, including 36,000 MT switched from the Dominican Republic), Thailand (47,300 MT, including 48,000 MT switched from unknown destinations and decreases of 2,400 MT), and Japan (43,000 MT), were offset by reductions primarily for unknown destinations (42,600 MT), the Dominican Republic (26,100 MT), and Guatemala (14,000 MT).  For 2020/2021, net sales of 60,100 MT were for Colombia (29,500 MT), the Philippines (18,500 MT), unknown destinations (6,200 MT), Trinidad (3,900 MT), and Honduras (2,000 MT).  Exports of 595,300 MT were up 18 percent from the previous week and 44 percent from the prior 4-week average.  The destinations were primarily to Mexico (95,100 MT), Thailand (57,800MT), the Philippines (57,200 MT), Italy (56,000 MT), and Taiwan (55,600 MT). 

Optional Origin Sales:  For 2019/2020, options were exercised to export 56,000 MT  to the Philippines from other than the United States. 

Corn:  Net sales of 1,249,200 MT for 2019/2020 were up 29 percent from the previous week and 12 percent from the prior 4-week average.  Increases primarily for Japan (504,000 MT, including 57,000 MT switched from unknown destinations and decreases of 2,500 MT), Mexico (288,100 MT, including decreases of 3,600 MT), South Korea (197,200 MT), unknown destinations (145,200 MT), and Colombia (108,200 MT, including 38,000 MT switched from unknown destinations and decreases of 4,700 MT), were offset by reductions primarily for Trinidad (66,000 MT) and Jamaica (24,000 MT).  For 2020/2021, total net sales of 1,000 MT were for El Salvador.  Exports of 761,200 MT were down 3 percent from the previous week, but up 24 percent from the prior 4-week average.  The destinations were primarily to Mexico (247,200 MT), Japan (232,800 MT), Colombia (81,500 MT), South Korea (66,200 MT), and Panama (41,900 MT). 

Optional Origin Sales:  For 2019/2020, new optional origin sales of 60,000 MT were reported for Israel.  The current outstanding balance of 584,900 MT is for South Korea (466,000 MT), Israel (60,000 MT), and Egypt (58,900 MT).

Barley: For 2019/2020, total net sales of 100 MT were for South Korea.  Exports of 400 MT were down 61 percent from the previous week and 58 percent from the prior 4-week average.  The destinations were Japan (200 MT) and Taiwan (200 MT).

Sorghum:  For 2019/2020, net sales of 49,600 MT resulting in increases for China (48,000 MT switched from unknown destinations), New Zealand (33,000 MT), and Japan (32,200 MT, including 10,200 MT switched from unknown destinations and decreases of 900 MT), were offset by reductions primarily for unknown destinations (63,200 MT).  For 2020/2021, total net sales of 33,000 MT were for New Zealand.  Exports of 85,200 MT were up 1 percent from the previous week and 25 percent from the prior 4-week average.  The destinations were China (48,000 MT), Japan (19,200 MT), and Mexico (18,000 MT).

Rice:  Net sales of 106,600 MT for 2019/2020 were down 22 percent from the previous week, but up 32 percent from the prior 4-week average.  Increases were primarily for Japan (28,700 MT, including decreases of 1,300 MT), Nicaragua (24,000 MT), Haiti (15,300 MT), Venezuela (10,000 MT), and El Salvador (9,200 MT).  Exports of 107,900 MT were up 25 percent from the previous week and 73 percent from the prior 4-week average.  The destinations were primarily to Mexico (31,200 MT), Colombia (28,000 MT), Venezuela (20,000 MT), the United Kingdom (10,500 MT), and South Korea (7,000 MT).

Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales of 494,300 MT for 2019/2020 were down 23 percent from the previous week and 22 percent from the prior 4-week average.  Increases primarily for Indonesia (91,300 MT, including 55,000 MT switched from unknown destinations and decreases of 3,500 MT), Japan (89,800 MT, including 36,000 MT switched from unknown destinations and decreases of 2,100 MT), the Netherlands (82,400 MT, including 80,000 MT switched from unknown destinations), Mexico (79,700 MT, including decreases of 1,200 MT), and Israel (41,200 MT), were offset by reductions for Nepal (100 MT).  For 2020/2021, total net sales of 3,400 MT were for Japan.  Exports of 957,800 MT were up 57 percent from the previous week, but down 10 percent from the prior 4-week average.  The destinations were primarily to China (269,500 MT), Mexico (139,900 MT), Japan (104,600 MT), the Netherlands (82,400 MT), and Indonesia (82,000 MT). 

Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 2,100 MT, all Canada.

Soybean Cake and Meal:  Net sales of 169,400 MT for 2019/2020 were down 28 percent from the previous week and 56 percent from the prior 4-week average.  Increases primarily for Bangladesh (47,000 MT switched from unknown destinations), the Dominican Republic (40,100 MT, including decreases of 3,000 MT), Libya (32,400 MT, including 29,500 MT switched from unknown destinations), Saudi Arabia (25,000 MT), and Canada (23,500 MT), were offset by reductions for unknown destinations (79,600 MT) and Nicaragua (4,500 MT).  Exports of 237,100 MT were down 12 percent from the previous week, but up 10 percent from the prior 4-week average.  The destinations were primarily to Mexico (37,600 MT), Libya (32,400 MT), Ecuador (30,300 MT), Colombia (29,600 MT), and Canada (21,600 MT).

Soybean Oil:  Net sales of 42,000 MT for 2019/2020 were primarily for South Korea (17,400 MT), the Dominican Republic (10,800 MT), Colombia (5,000 MT), Guatemala (3,500 MT), and Mexico (3,000 MT).  Exports of 87,500 MT–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  The destinations were primarily to South Korea (44,100 MT), Egypt (30,000 MT), Colombia (7,000 MT), Mexico (2,700 MT), and Haiti (2,000 MT). 

Cotton:  Net sales of 235,300 RB for 2019/2020 were down 33 percent from the previous week and 30 percent from the prior 4-week average.  Increases primarily for Vietnam (57,300 RB, including 700 RB switched from Japan and 400 RB switched from Taiwan), Pakistan (57,200 RB, including decreases of 27,100 RB), Turkey (46,600 RB, including 7,300 RB switched from Vietnam), South Korea (24,400 RB), and Indonesia (13,200 RB, including 2,700 RB switched from Japan), were offset by reductions primarily for Malaysia (12,500 RB), Japan (4,900 RB), China (1,100 RB), and Honduras (400 RB).  For 2020/2021, net sales of 141,200 RB were primarily for Indonesia (90,400 RB), Pakistan (29,900 RB), and Malaysia (11,000 RB).  Exports of 375,700 RB were down 6 percent from the previous week, but up 5 percent from the prior 4-week average.  Exports were primarily to Pakistan (97,100 RB), Vietnam (85,200 RB), China (46,400 RB), Turkey (31,400 RB), and Indonesia (21,100 RB).  Net sales of Pima totaling 9,500 RB were down 13 percent from the previous week and 27 percent from the prior 4-week average.  Increases were primarily for India (3,600 RB), Pakistan (2,300 RB), Turkey (1,100 RB), El Salvador (500 RB), and Germany (400 RB).  Exports of 10,200 RB were up 38 percent from the previous week and 25 percent from the prior 4-week average.  The primary destinations were India (4,400 RB), Pakistan (2,000 RB), Vietnam (900 RB), China (900 RB), and Peru (800 RB). 

Exports for Own Account:  For 2019/2020, new exports for own account totaling 1,400 RB were to Thailand (900 RB) and Vietnam (500 RB).  Exports for own account totaling 6,500 RB primarily to Vietnam (3,600 RB), South Korea (1,000 RB), Thailand (900 RB), and Bangladesh (900 RB), were applied to new or outstanding sales.  Decreases were reported for India (900 RB).  The current exports for own account outstanding balance of 33,900 RB is for Indonesia (17,900 RB), Bangladesh (5,300 RB), Vietnam (4,400 RB), India (3,400 RB), China (2,500 RB), and Malaysia (400 RB).

Hides and Skins: Net sales of 249,700 pieces for 2020 were up 5 percent from the previous week, but down 21 percent from the prior 4-week average.  Increases were primarily for China (98,600 whole cattle hides, including decreases of 17,100 pieces), Mexico (66,600 whole cattle hides, including decreases of 2,300 pieces), Taiwan (29,600 whole cattle hides, including decreases of 600 pieces), South Korea (19,500 whole cattle hides, including decreases of 1,500 pieces), and Thailand (13,100 whole cattle hides, including decreases of 1,400 pieces).  Exports of 420,400 pieces reported for 2020 were down 13 percent from the previous week and 7 percent from the prior 4-week average.  Whole cattle hide exports of 412,400 pieces were primarily to China (241,200 pieces), South Korea (74,200 pieces), Mexico (45,100 pieces), Indonesia (16,000 pieces), and Thailand (15,900 pieces).  Whole kip skins exports of 8,000 pieces were to Belgium (5,400 kip skins), Italy (1,400 kip skins), and Mexico (1,200 kip skins).

Net sales of 104,900 wet blues for 2020 were up 13 percent from the previous week, but down 6 percent from the prior 4-week average.  Increases were primarily for Thailand (41,000 unsplit), China (13,800 unsplit and 8,000 grain splits), Vietnam (17,900 unsplit and 100 grain splits), Italy (11,300 unsplit and 1,500 grain splits), and South Korea (4,100 grain splits).  Exports of 145,500 wet blues for 2020 were up 6 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were primarily to Vietnam (53,500 unsplit and 3,800 grain splits), China (27,800 unsplit and 2,200 grain splits), Italy (22,000 unsplit and 3,600 grain splits), Thailand (22,600 unsplit), and Mexico (4,400 unsplit and 2,000 grain splits). Net sales reductions of splits, 9,100 pounds for 2020 resulting in increases for China (3,000 pounds), were  more than offset by reductions for Vietnam (12,100 pounds).  Exports of 361,200 pounds were to Vietnam (358,200 pounds) and China (3,000 pounds).

Beef: Net sales of 19,400 MT reported for 2020 were up 11 percent from the previous week, but down 10 percent from the prior 4-week average.  Increases were primarily for Japan (8,900 MT, including decreases of 500 MT), South Korea (3,300 MT, including decreases of 600 MT), Mexico (2,400 MT, including decreases of 100 MT), Canada (1,800 MT), and Taiwan (500 MT).  Exports of 17,900 MT were up 6 percent from the previous week and 2 percent from the prior 4-week average.  The destinations were primarily to Japan (5,900 MT), South Korea (4,800 MT), Mexico (2,100 MT), Taiwan (1,600 MT), and Canada (1,000 MT). 

Pork: Net sales of 23,700 MT reported for 2020 were down 17 percent from the previous week and 22 percent from the prior 4-week average.  Increases were primarily for Mexico (7,400 MT), Japan (3,300 MT), Canada (2,200 MT), Colombia (2,000 MT), and Chile (1,800 MT).  Exports of 42,200 MT were down 2 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were primarily to China (15,000 MT), Mexico (10,700 MT), Japan (5,200 MT), South Korea (4,300 MT), and Canada (2,400 MT).

February 21, 2020                                           1                                      FOREIGN AGRICULTURAL SERVICE/USDA

 

                                                                                                SUMMARY OF EXPORT TRANSACTIONS
                                                                                 REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
                                                                                                FOR PERIOD ENDING FEBRUARY 13 , 2020

 

                                                                               *NO SALES WERE REPORTED DURING THE ABOVE PERIOD.