FW: FI Weekly USDA Export Sales Snapshot 02/27/20

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USDA Export Sales

·         USDA export sales for soybeans were again poor of only 339,300 tons. Soybean meal sales were at the low end of expectations, but shipments were good at 276,700 tons.  Soybean oil sales, after a good run over the last month, fell to a low 5,600 tons. SBO shipments were 20,500 tons.

·         Corn sales were 864,600 tons, down from 1.25 million last week and were at the low end of expectations.

·         All-wheat sales slightly improved from the previous week to 381,900 tons but fell below a range of expectations.

·         Pork sales were 38,900 tons, with China booking 7,200 tons. 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 2/20/2020

	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	111.1	1,859.7	2,534.6	103.5	6,586.6	4,983.5	0.0	87.1
SRW	19.4	363.6	959.1	19.9	1,874.2	1,937.1	1.5	58.2
HRS	201.0	1,537.0	1,440.1	152.5	5,051.3	4,762.4	16.6	122.0
WHITE	50.3	1,110.1	1,254.3	132.1	3,426.2	3,611.9	0.0	20.9
DURUM	0.0	148.4	119.2	0.0	679.8	357.8	50.0	111.0
TOTAL	381.8	5,018.8	6,307.4	408.0	17,618.1	15,652.6	68.1	399.1
BARLEY	0.3	15.5	27.5	0.3	33.7	30.7	0.5	31.0
CORN	864.6	12,377.3	14,030.6	844.7	13,495.9	25,525.3	113.6	1,373.6
SORGHUM	444.5	690.5	99.2	2.3	976.7	643.6	0.0	33.0
SOYBEANS	339.3	4,782.8	13,383.9	597.9	28,937.5	25,499.1	22.1	342.0
SOY MEAL	157.5	3,443.3	3,526.8	276.7	4,399.2	4,965.2	8.6	95.8
SOY OIL	5.6	238.1	188.5	20.5	450.9	320.2	0.0	0.5
RICE
L G RGH	3.1	415.1	349.7	6.2	831.8	651.0	0.0	0.0
M S RGH	0.0	42.8	17.4	0.0	17.5	23.1	0.0	0.0
L G BRN	0.2	11.5	5.3	0.1	33.2	27.8	0.0	0.0
M&S BR	0.1	57.2	88.0	3.6	33.5	53.0	0.0	0.0
L G MLD	2.6	107.9	89.3	2.0	593.1	535.5	0.0	0.0
M S MLD	46.3	174.5	181.9	23.3	369.0	301.6	0.0	0.0
TOTAL	52.3	809.0	731.7	35.2	1,878.1	1,592.0	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	214.6	7,080.1	6,591.4	324.1	6,567.3	5,350.0	198.9	1,482.9
PIMA	28.1	237.0	219.8	18.2	241.1	298.9	0.0	35.3

 

Export Sales Highlights   

This summary is based on reports from exporters for the period February 14-20, 2020.

Wheat:  Net sales of 381,800 metric tons for 2019/2020 were up 10 percent from the previous week, but down 23 percent from the prior 4-week average.  Increases primarily for Japan (116,800 MT, including decreases of 300 MT), the Philippines (76,000 MT), Indonesia (55,000 MT switched from unknown destinations), Thailand (45,200 MT, including decreases of 1,800 MT), and Peru (43,400 MT), were offset by reductions primarily for unknown destinations (22,500 MT).  For 2020/2021, net sales of 68,100 MT for unknown destinations (50,000 MT), Japan (16,600 MT), and Honduras (2,000 MT), were offset by reductions for Colombia (500 MT).  Exports of 408,000 MT were down 32 percent from the previous week and 5 percent from the prior 4-week average.  The destinations were primarily to Mexico (88,300 MT), Japan (87,900 MT), Sri Lanka (68,200 MT), the Philippines (65,000 MT), and Bangladesh (58,400 MT). 

Corn:  Net sales of 864,600 MT for 2019/2020 were down 31 percent from the previous week and 26 percent from the prior 4-week average.  Increases primarily for Japan (316,700 MT, including 95,200 MT switched from unknown destinations), Mexico (162,300 MT, including 66,000 MT switched from unknown destinations and decreases of 75,900 MT), Costa Rica (146,600 MT), Colombia (104,500 MT, including 37,000 MT switched from unknown destinations), and South Korea (67,100 MT), were offset by reductions for unknown destinations (111,500 MT).  For 2020/2021, net sales of 113,600 MT were for Mexico (97,600 MT), unknown destinations (13,000 MT), and Japan (3,000 MT).  Exports of 844,700 MT–a marketing-year high–were up 11 percent from the previous week and 20 percent from the prior 4-week average.  The destinations were primarily to Mexico (278,700 MT), Colombia (224,700 MT), Japan (155,500 MT), Guatemala (62,200 MT), and Honduras (59,600 MT). 

Optional Origin Sales:  For 2019/2020, new optional origin sales of 65,000 MT were reported for South Korea.  The current outstanding balance of 649,900 MT is for South Korea (531,000 MT), Israel (60,000 MT), and Egypt (58,900 MT).

Barley: For 2019/2020, total net sales of 300 MT were for Japan.  For 2020/2021, total net sales of 500 MT were for Japan.  Exports of 300 MT were down 19 percent from the previous week and 66 percent from the prior 4-week average.  The destination was Japan.

Sorghum:  Net sales of 444,500 MT for 2019/2020–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  Increases were primarily for unknown destinations (324,200 MT), China (119,000 MT), and Mexico (1,100 MT, including decreases of 200 MT).  Exports of 2,300 MT were down 97 percent from the previous week and from the prior 4-week average.  The destination was Mexico.

Rice:  Net sales of 52,300 MT for 2019/2020 were down 46 percent from the previous week and 39 percent from the prior 4-week average.  Increases were primarily for Japan (39,200 MT), Israel (4,100 MT), Mexico (2,600 MT), Guatemala (1,500 MT), and Canada (1,500 MT).  Exports of 35, 200 MT were down 64 percent from the previous week and 49 percent from the prior 4-week average.  The destinations were primarily to Japan (15,400 MT), El Salvador (5,600 MT), South Korea (3,500 MT), Canada (2,100 MT), and Jordan (1,900 MT).

Exports for Own Account:  For 2019/2020, exports for own account totaling 100 MT to Canada, were applied to new or outstanding sales.

Export Adjustments:  Accumulated exports of long grain rough rice to Venezuela were adjusted down 10,000 MT for week ending February 13^th.  The exports were reported in error and included in this week’s report.

Soybeans:  Net sales of 339,300 MT for 2019/2020 were down 31 percent from the previous week and 38 percent from the prior 4-week average.  Increases primarily for Japan (108,200 MT, including 54,900 MT switched from unknown destinations and decreases of 2,000 MT), China (71,700 MT, including 66,000 MT switched from unknown destinations), Costa Rica (69,500 MT), Germany (66,000 MT), and South Korea (58,400 MT, including 55,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (176,400 MT).  For 2020/2021, net sales of 22,100 MT were for Mexico (21,000 MT) and Japan (1,100 MT).  Exports of 597,900 MT were down 38 percent from the previous week and 42 percent from the prior 4-week average.  The destinations were primarily to Mexico (102,900 MT), Egypt (94,000 MT), China (68,700 MT), Germany (66,000 MT), and South Korea (60,300 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 Netherland were adjusted down 65,999 MT for week ending January 30^th.  The correct destination is Germany and is included in this week’s report.  

Soybean Cake and Meal:  Net sales of 157,500 MT for 2019/2020 were down 7 percent from the previous week and 40 percent from the prior 4-week average.  Increases primarily for Colombia (64,400 MT, including decreases of 8,300 MT), the Philippines (24,300 MT), Costa Rica (16,700 MT), Honduras (14,400 MT, including 5,600 MT switched from unknown destinations, 5,000 MT switched from El Salvador, and decreases of 100 MT), and Canada (13,200 MT, including decreases of 300 MT), were offset by reductions primarily for unknown destinations (11,600 MT) and El Salvador (5,100 MT).  For 2020/2021, total net sales of 8,600 MT were for Costa Rica.  Exports of 276,700 MT were up 17 percent from the previous week and 28 percent from the prior 4-week average.  The destinations were primarily to the Philippines (49,500 MT), Colombia (39,900 MT), Peru (32,100 MT), Morocco (30,700 MT), and Honduras (28,500 MT).

Soybean Oil:  Net sales of 5,600 MT for 2019/2020 primarily for Guatemala (3,200 MT), Morocco (3,000 MT switched from unknown destinations), Colombia (1,300 MT), Venezuela (500 MT), and the Dominican Republic (500 MT, including decreases of 100 MT), were offset by reductions for unknown destinations (3,000 MT) and Canada (100 MT).  Exports of 20,500 MT were down 77 percent from the previous week and 24 percent from the prior 4-week average.  The destinations were primarily to the Dominican Republic (9,500 MT), Colombia (8,700 MT), Mexico (1,800 MT), and Canada (300 MT). 

Cotton:  Net sales of 214,600 RB for 2019/2020 were down 9 percent from the previous week and 32 percent from the prior 4-week average.  Increases primarily for Vietnam (70,200 RB, including 1,100 RB switched from Bangladesh and decreases of 800 RB), China (39,600 RB, including decreases of 33,000 RB), Pakistan (35,800 RB, including decreases of 100 RB), Turkey (26,900 RB), and Indonesia (19,200 RB, including 700 RB switched from Japan and decreases of 1,400 RB), were offset by reductions primarily for Japan (4,600 RB) and Honduras (400 RB).  For 2020/2021, net sales of 198,900 RB were primarily for Vietnam (176,000 RB), Indonesia (9,700 RB), El Salvador (4,900 RB), Mexico (3,400 RB), and China (2,200 RB).  Exports of 324,100 RB were down 14 percent from the previous week 15 percent from the prior 4-week average.  Exports were primarily to Vietnam (88,100 RB), Pakistan (83,800 RB), China (32,900 RB), Turkey (25,400 RB), and Indonesia (14,700 RB).  Net sales of Pima totaling 28,100 RB were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for China (12,100 RB), India (6,100 RB), Hong Kong (2,600 RB), Egypt (2,100 RB), and Pakistan (2,000 RB), were offset by reductions for Switzerland (400 RB) and Japan (100 RB).  Exports of 18,200 RB were up 79 percent from the previous week and up noticeably from the prior 4-week average.  The primary destinations were India (7,900 RB), Pakistan (2,900 RB), Bahrain (2,000 RB), Bangladesh (1,600 RB), and Vietnam (900 RB). 

Exports for Own Account:  For 2019/2020, exports for own account totaling 3,600 RB to Vietnam were applied to new or outstanding sales.  The current exports for own account outstanding balance of 30,300 RB is for Indonesia (17,900 RB), Bangladesh (5,300 RB), India (3,400 RB), China (2,500 RB), Vietnam (800 RB), and Malaysia (400 RB).

Hides and Skins: Net sales of 368,600 pieces for 2020 were up 48 percent from the previous week and 42 percent from the prior 4-week average.  Increases primarily for Thailand (99,200 whole cattle hides, including decreases of 800 pieces), China (89,200 whole cattle hides, including decreases of 14,700 pieces), Mexico (81,900 whole cattle hides, including decreases of 6,400 pieces), South Korea (46,100 whole cattle hides, including decreases of 1,800 pieces),  Taiwan (38,400 whole cattle hides, including decreases of 400 pieces), and Italy (1,500 kip skins), were offset by reductions for Italy (1,600 calf skins) and Brazil (400 whole cattle hides).  Exports of 327,300 pieces reported for 2020 were down 22 percent from the previous week and 26 percent from the prior 4-week average.  Whole cattle hide exports were primarily to China (123,100 pieces), South Korea (68,200 pieces), Mexico (67,800 pieces), Thailand (29,600 pieces), and Taiwan (13,500 pieces).  Whole kip skins exports of 5,700 pieces were to Italy (2,900 kip skins) and Belgium (2,800 kip skins).

 

Net sales of 123,900 wet blues for 2020 were up 18 percent from the previous week and 36 percent from the prior 4-week average.  Increases primarily for Vietnam (55,200 unsplit), Italy (43,200 unsplit and 1,500 grain splits), China (18,900 unsplit, including decreases of 100 grain splits), Mexico (1,200 unsplit and 800 grain splits), and Thailand (3,100 unsplit), were offset by reductions for Taiwan (800 unsplit).  Exports of 176,000 wet blues for 2020 were up 21 percent from the previous week and 35 percent from the prior 4-week average.  The destinations were primarily to Italy (39,200 unsplit and 7,100 grain splits), Vietnam (43,300 unsplit and 1,300 grain splits), Thailand (36,600 unsplit), China (30,600 unsplit and 5,700 grain splits), and Mexico (3,800 unsplit). Net sales reductions of splits, 8,500 pounds for 2020, were for Vietnam.  Exports of 446,900 pounds were to Vietnam.

 

Beef: Net sales of 13,900 MT reported for 2020 were down 28 percent from the previous week and from the prior 4-week average.  Increases were primarily for Japan (5,300 MT, including decreases of 300 MT), South Korea (2,100 MT, including decreases of 400 MT), Mexico (1,600 MT, including decreases of 100 MT), Canada (1,300 MT, including decreases of 100 MT), and Taiwan (1,100 MT, including decreases of 100 MT).  Exports of 17,800 MT were down 1 percent from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to Japan (5,700 MT), South Korea (5,000 MT), Mexico (2,100 MT), Taiwan (1,400 MT), and Canada (1,400 MT).

Pork: Net sales of 38,900 MT reported for 2020 were up 64 percent from the previous week and 34 percent from the prior 4-week average.  Increases were primarily for Mexico (11,800 MT), South Korea (8,800 MT), China (7,200 MT), Japan (3,300 MT), and Canada (1,600 MT).  Exports of 42,500 MT were up 1 percent from the previous week, but down 1 percent from the prior 4-week average.  The destinations were primarily to China (15,700 MT), Mexico (10,900 MT), Japan (5,800 MT), South Korea (3,300 MT), and Canada (2,500 MT).