FW: FI Weekly USDA Export Sales Snapshot 03/19/20

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USDA export sales

·         US sorghum sales were 366,000 tons with China taking 202,300 and unknown 128,000 tons.

·         Pork sales were 35,700 tons (China 15,700 tons).

·         Soybean sales were 631,600 tons, low end of trade expectations.

·         Soybean meal sales slipped to 129,100 tons but shipments were 291,400 tons.

·         Soybean oil sales were down from the previous week at 18,900 tons but shipments were good at 39,100 tons. 

·         Corn export sales fell to 904,500 tons, below 1.471 million tons last week.

·         All-wheat sales were 338,300 tons, below 452,300 tons last week. 

 

 

 

 

 

Export Sales Highlights  

This summary is based on reports from exporters for the period March 6-12, 2020.

• Wheat:  Net sales of 338,300 metric tons for 2019/2020 were down 25 percent from the previous week and 21 percent from the prior 4-week average.  Increases primarily for Mexico (83,300 MT, including decreases of 13,100 MT), Japan (62,000 MT, including decreases of 500 MT), the Philippines (54,000 MT, including decreases of 5,700 MT), Nigeria (52,000 MT, switched from unknown destinations), and Indonesia (37,500 MT), were offset by reductions primarily for unknown destinations (31,400 MT).  For 2020/2021, net sales of 143,800 MT were primarily for Malaysia (32,000 MT), Italy (20,000 MT), Peru (18,800 MT), Mexico (18,200 MT), and the Philippines (15,000 MT).  Exports of 371,800 MT were down 17 percent from the previous week and 29 percent from the prior 4-week average.  The destinations were primarily to Japan (58,300 MT), Nigeria (52,000 MT), the Philippines (43,000 MT), Mexico (41,800 MT), and Peru (33,400 MT). 
• Corn:  Net sales of 904,500 MT for 2019/2020 were down 39 percent from the previous week and 17 percent from the prior 4-week average.  Increases primarily for Japan (386,200 MT, including 161,900 MT switched from unknown destinations and decreases of 3,200 MT), South Korea (269,500 MT, including 68,000 MT switched from unknown destinations and decreases of 2,200 MT), Mexico (241,300 MT, including decreases of 16,300 MT), Colombia (169,000 MT, including 82,000 MT switched from unknown destinations and decreases of 2,900 MT), and El Salvador (40,700 MT, including 7,500 MT switched from Guatemala), were offset by reductions primarily for unknown destinations (265,300 MT).  For 2020/2021, net sales of 56,100 MT resulting in increases for Mexico (79,300 MT), were offset by reductions for Guatemala (23,200 MT).  Exports of 970,200 MT–a marketing-year high–were up 14 percent from the previous week and 16 percent from the prior 4-week average.  The destinations were primarily to Mexico (290,600 MT), Japan (283,800 MT), Colombia (92,000 MT), South Korea (67,200 MT), and Guatemala (44,900 MT).   Optional Origin Sales:  For 2019/2020, the current outstanding balance of 711,000 MT is for South Korea (651,000 MT) and Israel (60,000 MT). 
• Barley: No net sales for 2019/2020 were reported for the week.  Exports of 200 MT–a marketing-year low–were unchanged from the previous week, but down 40 percent from the prior 4-week average.  The destination was Taiwan.
• Sorghum:  Net sales of 366,000 MT for 2019/2020 were up 41 percent from the previous week and 77 percent from the prior 4-week average.  Increases were for China (202,300 MT, including 66,000 MT switched from unknown destinations), unknown destinations (128,000 MT), Mexico (22,500 MT, including decreases of 11,400 MT), and Japan (13,200 MT, including decreases of 3,000 MT).  Exports of 74,900 MT were up noticeably from the previous week and up 55 percent from the prior 4-week average.  The destinations were China (71,300 MT), Japan (3,200 MT), and Mexico (400 MT). 
• Rice:  Net sales of 48,100 MT for 2019/2020 were up 13 percent from the previous week, but down 16 percent from the prior 4-week average.  Increases primarily for Japan (19,300 MT), Haiti (15,300 MT), Costa Rica (8,000 MT), Canada (7,400 MT), and Saudi Arabia (2,100 MT), were offset by reductions for Mexico (6,000 MT).  Exports of 20,700 MT were down 67 percent from the previous week and 68 percent from the prior 4-week average.  The destinations were primarily to Mexico (7,200 MT), Canada (4,000 MT), South Korea (3,400 MT), Saudi Arabia (3,200 MT), and Japan (1,200 MT).
• Soybeans:  Net sales of 631,600 MT for 2019/2020 were up noticeably from the previous week and up 71 percent from the prior 4-week average.  Increases primarily for unknown destinations (211,500 MT), Egypt (108,800 MT, including 102,000 MT switched from unknown destinations), Mexico (67,600 MT, including decreases of 1,300 MT), the Netherlands (64,800 MT, including 65,000 MT switched from unknown destinations and decreases of 200 MT), and Japan (64,300 MT, including 37,400 MT switched from unknown destinations and decreases of 5,300 MT), were offset by reductions for Niger (400 MT) and Peru (300 MT).  For 2020/2021, net sales of 69,600 MT were for unknown destinations (68,000 MT), Canada (1,100 MT), and Japan (500 MT).  Exports of 483,400 MT were down 15 percent from the previous week and 31 percent from the prior 4-week average.  The destinations were primarily to Egypt (171,700 MT), Mexico (87,100 MT), the Netherlands (64,800 MT), Japan (41,800 MT), and Thailand (21,000 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 129,100 MT for 2019/2020 were down 25 percent from the previous week and 37 percent from the prior 4-week average.  Increases primarily for Canada (34,200 MT, including decreases of 3,500 MT), Mexico (34,100 MT), Ecuador (22,000 MT), Colombia (18,000 MT, including decreases of 200 MT), and Venezuela (13,900 MT, including 14,000 MT switched from unknown destination and decreases of 300 MT), were offset by reductions for unknown destinations (17,000 MT), the Dominican Republic (7,700 MT), French West Indies (3,000 MT), Chile (1,500 MT), and Burma (1,400 MT).  Exports of 291,400 MT were down 15 percent from the previous week and 2 percent from the prior 4-week average.  The destinations were primarily to the Philippines (52,900 MT), the Dominican Republic (37,300 MT), Canada (24,200 MT), Venezuela (23,900 MT), and Colombia (21,600 MT).
• Soybean Oil:  Net sales of 18,900 MT for 2019/2020 primarily for Guatemala (8,500 MT), Canada (4,800 MT), the Dominican Republic (4,000 MT), El Salvador (1,000 MT), and Mexico (600 MT, including decreases of 300 MT), were offset by reductions for Colombia (200 MT).  For 2020/2021, total net sales of 2,000 MT were for Canada.  Exports of 39,100 MT were up noticeably from the previous week, but down 1 percent from the prior 4-week average.  The destinations were primarily to South Korea (15,000 MT), the Dominican Republic (13,400 MT), Venezuela (5,500 MT), Colombia (3,000 MT), and Mexico (1,800 MT). 
• Cotton:  Net sales of 340,700 RB for 2019/2020 were down 30 percent from the previous week, but up 3 percent from the prior 4-week average.  Increases primarily for Pakistan (96,000 RB), China (61,700 RB, including 1,300 RB switched from Vietnam and decreases of 4,400 RB), Turkey (60,800 RB), Vietnam (41,300 RB, including 400 RB switched from Japan and decreases of 5,400 RB), and Bangladesh (23,600 RB), were offset by reductions for Japan (4,500 RB) and Honduras (100 RB).  For 2020/2021, net sales of 78,500 RB were primarily for Turkey (32,600 RB), Pakistan (22,000 RB), China (18,500 RB), Mexico (5,000 RB), and Thailand (2,600 RB), were offset by reductions for Taiwan (4,400 RB).  Exports of 369,500 RB were down 13 percent from the previous week and 8 percent from the prior 4-week average.  Exports were primarily to Pakistan (103,600 RB), Vietnam (88,700 RB), Turkey (40,900 RB), China (25,900 RB), and Indonesia (21,500 RB).  Net sales of Pima totaling 17,200 RB were down 1 percent from the previous week, but up 7 percent from the prior 4-week average.  Increases were primarily for China (14,100 RB), Peru (3,100 RB), Bangladesh (800 RB, switched from Pakistan), Austria (700 RB, switched from Switzerland), and Honduras (300 RB), were offset by reductions for Egypt (900 RB), Pakistan (800 RB), and Switzerland (700 RB).  Exports of 15,700 RB were up 6 percent from the previous week and 7 percent from the prior 4-week average.  The primary destinations were primarily to India (3,100 RB), Pakistan (2,300 RB), Egypt (2,200 RB), Turkey (1,600 RB), and Austria (1,300 RB).   Exports for Own Account:  For 2019/2020, new exports for own account totaling 2,000 RB were for Bangladesh (1,100 RB) and Pakistan (900 RB).  Exports for own account totaling 1,600 RB to Indonesia were applied to new or outstanding sales.  Decreases were reported for Pakistan (300 RB).  The current exports for own account outstanding balance of 39,400 RB is for Indonesia (27,100 RB), Bangladesh (6,500 RB), China (2,500 RB), India (1,700 RB), Pakistan (500 RB), South Korea (400 RB), Malaysia (400 RB), and Vietnam (300 RB).

·         Hides and Skins: Net sales of 458,800 pieces for 2020 were up 29 percent from the previous week and 40 percent from the prior 4-week average.  Increases primarily for China (231,700 whole cattle hides, including decreases of 9,700 pieces), Indonesia (64,700 whole cattle hides, including decreases of 700 pieces), South Korea (55,300 whole cattle hides, including decreases of 4,900 pieces), Brazil (35,400 whole cattle hides, including decreases of 100 pieces), and Mexico (35,100 whole cattle hides, including decreases of 2,800 pieces).  In addition, there were net sales for Italy (2,100 calf sins) and Canada (1,400 kip skins).  Exports of 323,200 pieces reported for 2020 were down 14 percent from the previous week and 10 percent from the prior 4-week average.  Whole cattle hide exports were primarily to China (183,600 pieces), South Korea (45,200 pieces), Thailand (43,800 pieces), Mexico (30,600 pieces), and Indonesia (10,000 pieces). 

·         Net sales of 94,600 wet blues for 2020 were down 5 percent from the previous week and 15 percent from the prior 4-week average.  Increases primarily for Italy (36,200 unsplit, including decreases of 100 grain splits), China (24,800 unsplit), India (8,300 grain splits and 2,000 unsplit), the Dominican Republic (9,600 unsplit), and Vietnam (9,200 unsplit), were offset by reductions for Brazil (200 grain splits), Mexico (100 grain splits), and Taiwan (100 unsplit).  Exports of 165,000 wet blues for 2020 were up 27 percent from the previous week and 13 percent from the prior 4-week average.  The destinations were primarily to Italy (46,200 unsplit and 5,100 grain splits), Vietnam (45,900 unsplit), China (27,100 unsplit), Thailand (24,800 unsplit), and Taiwan (6,700 unsplit).  Total net sales of 778,700 splits were for Vietnam.  Exports of 404,300 pounds were to Vietnam.

·         Beef: Net sales of 21,200 MT reported for 2020 were up 20 percent from the previous week and 33 percent from the prior 4-week average.  Increases were primarily for South Korea (7,300 MT, including decreases of 400 MT), Japan (4,000 MT, including decreases of 700 MT), Canada (2,700 MT, including decreases of 100 MT), Taiwan (2,300 MT, including decreases of 100 MT), and Mexico (1,700 MT).  Exports of 16,600 MT were up  2 percent from the previous week, but down 3 percent from the prior 4-week average.  The destinations were primarily to Japan (5,600 MT), South Korea (4,400 MT), Mexico (1,500 MT), Taiwan (1,300 MT), and Canada (1,300 MT).

• Pork: Net sales of 35,700 MT reported for 2020 were down noticeably from the previous week, but up noticeably and from the prior 4-week average.  Increases were primarily for China (15,700 MT), Mexico (8,600 MT), Japan (3,900 MT), South Korea (2,300 MT), and Chile (1,200 MT).  Exports of 43,000 MT were down 4 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to China (15,600 MT), Mexico (10,400 MT), Japan (5,500 MT), South Korea (4,200 MT), and Canada (3,100 MT).

 

 

U.S. EXPORT SALES FOR WEEK ENDING 3/12/2020

 

	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	106.9	1,746.6	2,415.0	139.7	7,133.3	5,675.4	43.2	143.3
SRW	36.8	306.2	875.3	67.3	2,031.4	2,186.3	35.8	117.5
HRS	128.4	1,614.3	1,334.3	121.0	5,490.4	5,103.3	29.8	171.7
WHITE	65.9	1,070.4	1,023.9	41.4	3,748.7	4,048.7	15.1	36.0
DURUM	0.4	146.4	120.7	2.4	682.2	360.4	20.0	131.0
TOTAL	338.3	4,883.9	5,769.1	371.8	19,086.0	17,374.1	143.8	599.4
BARLEY	0.0	14.7	26.6	0.2	34.4	32.7	0.0	31.0
CORN	904.5	12,815.7	13,934.2	970.2	16,202.1	27,819.3	56.1	1,657.8
SORGHUM	366.0	1,206.9	228.5	74.9	1,158.0	718.7	0.0	33.0
SOYBEANS	631.6	4,315.7	13,188.9	483.4	30,684.0	28,234.1	69.6	414.4
SOY MEAL	129.1	3,089.7	3,530.7	291.4	5,370.3	5,515.2	0.0	100.8
SOY OIL	18.9	236.9	133.7	39.1	539.2	402.6	2.0	2.5
RICE
L G RGH	8.5	385.2	349.3	0.0	879.6	699.8	0.0	0.0
M S RGH	-6.6	37.7	42.5	6.6	24.1	25.0	0.0	0.0
L G BRN	2.3	14.5	6.5	1.0	35.9	28.8	0.0	0.0
M&S BR	0.1	66.0	80.9	3.7	41.8	60.2	0.0	0.0
L G MLD	20.7	76.6	92.1	4.7	651.9	577.4	0.0	0.0
M S MLD	23.1	212.5	187.7	4.7	390.0	337.8	0.0	0.0
TOTAL	48.1	792.5	759.0	20.7	2,023.4	1,729.0	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	340.7	7,028.1	6,000.4	369.5	7,839.7	6,346.2	78.5	1,775.0
PIMA	17.2	234.2	227.0	15.7	287.4	356.8	0.0	35.3