FW: FI Weekly USDA Export Sales Snapshot 03/26/20

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Export Sales Highlights  

This summary is based on reports from exporters for the period March 13-19, 2020.

·         Wheat:  Net sales of 740,000 metric tons for 2019/2020 were up noticeably from the previous week and up 73 percent from the prior 4-week average.  Increases primarily for China (200,000 MT), South Korea (146,100 MT, including decreases of 18,400 MT), Japan (144,000 MT), Nigeria (87,300 MT, including 30,000 MT switched from unknown destinations), and Mexico (64,300 MT, including decreases of 700 MT), were offset by reductions primarily for Bangladesh (29,800 MT), unknown destinations (24,600 MT), Jamaica (11,700 MT), and the Dominican Republic (7,000 MT).  For 2020/2021, net sales of 366,400 MT were primarily for China (285,000 MT), unknown destinations (36,800 MT), Panama (23,000 MT), and Peru (15,600 MT).  Exports of 415,700 MT were up 12 percent from the previous week, but down 11 percent from the prior 4-week average.  The destinations were primarily to Taiwan (79,200 MT), the Philippines (65,200 MT), Indonesia (53,800 MT), Malaysia (42,600 MT), and Mexico (35,300 MT). 

·         Corn:  Net sales of 1,814,300 MT for 2019/2020–a marketing-year high–were up noticeably from the previous week and up 81 percent from the prior 4-week average.  Increases primarily for China (756,000 MT), Japan (333,000 MT, including 91,200 MT switched from unknown destinations and decreases of 2,300 MT), Mexico (219,200 MT, including 24,000 MT switched from unknown destinations and decreases of 3,700 MT), Colombia (152,900 MT, including 50,000 MT switched from unknown destinations and decreases of 3,900 MT), and South Korea (132,000 MT), were offset by reductions for unknown destinations (42,000 MT) and El Salvador (23,300 MT).  For 2020/2021, net sales of 82,900 MT resulting in increases for Mexico (91,400 MT), were offset by reductions for Guatemala (8,500 MT).  Exports of 846,000 MT were down 13 percent from the previous week and 5 percent from the prior 4-week average.  The destinations were primarily to Japan (257,500 MT), Mexico (231,500 MT), Colombia (120,700 MT), the Dominican Republic (86,700 MT), and Guatemala (65,000 MT). 

Optional Origin Sales:  For 2019/2020, options were exercised to export 65,000 MT to South Korea from other than the United States.  The current outstanding balance of 646,000 MT is for South Korea (586,000 MT) and Israel (60,000 MT). 

·         Barley: No net sales for 2019/2020 were reported for the week.  Exports of 3,400 MT–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  The destinations were Japan (3,100 MT) and Taiwan (300 MT).

·         Sorghum:  Net sales of 107,600 MT for 2019/2020 resulting in increases for China (121,000 MT, including 65,000 MT switched from unknown destinations), Japan (1,300 MT), and Mexico (300 MT, including decreases of 200 MT), were offset by reductions for unknown destinations (15,000 MT).  Exports of 27,900 MT were down 63 percent from the previous week and 39 percent from the prior 4-week average.  The destinations were primarily to Japan (16,300 MT) and Mexico (11,500 MT). 

·         Rice:  Net sales of 73,000 MT for 2019/2020 were up 52 percent from the previous week and 61 percent from the prior 4-week average.  Increases were primarily for Japan (15,400 MT), Haiti (15,200 MT), Panama (12,100 MT), Canada (6,700 MT), and the United Kingdom (6,700 MT).  Exports of 71,900 MT were up noticeably from the previous week and up 59 percent from the prior 4-week average.  The destinations were primarily to Colombia (26,900 MT), Nicaragua (15,600 MT), Panama (12,100 MT), Canada (5,100 MT), and South Korea (4,700 MT).

·         Soybeans:  Net sales of 904,300 MT for 2019/2020 were up 43 percent from the previous week and up noticeably from the prior 4-week average.  Increases primarily for unknown destinations (406,100 MT), China (199,300 MT), Indonesia (69,400 MT, including 55,000 MT switched from unknown destinations and decreases of 1,000 MT), Bangladesh (55,000 MT), and Peru (37,400 MT, including 35,000 MT switched from unknown destinations), were offset by reductions for Egypt (2,200 MT).  For 2020/2021, total net sales of 500 MT were for Japan.  Exports of 607,100 MT were up 26 percent from the previous week and 4 percent from the prior 4-week average.  The destinations were primarily to Egypt (127,800 MT), Taiwan (94,800 MT), Japan (74,700 MT), Indonesia (74,400 MT), and China (64,300 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 251,200 MT for 2019/2020 were up noticeably from the previous week and up 39 percent from the prior 4-week average.  Increases primarily for the Philippines (50,500 MT), Indonesia (49,500 MT), Colombia (40,100 MT, including decreases of 600 MT), Israel (27,000 MT), and Canada (19,400 MT, including decreases of 1,100 MT), were offset by reductions for the Dominican Republic (1,800 MT).  Net sales of 16,000 MT for 2020/2021 were primarily for Guatemala (15,600 MT).  Exports of 289,700 MT were up 20 percent from the previous week, but down 3 percent from the prior 4-week average.  The destinations were primarily to Spain (60,400 MT), Indonesia (50,600 MT), Mexico (34,200 MT), Colombia (31,700 MT), and Ecuador (31,600 MT).

Export Adjustment:  Accumulated exports of soybean cake and meal to the Philippines were adjusted down 49,500 MT for week ending March 12^th.  The exports were reported in error.

·         Soybean Oil:  Net sales of 55,900 MT for 2019/2020–a marketing-year high–primarily for South Korea (35,000 MT), Jamaica (10,500 MT), Mexico (4,600 MT), the Dominican Republic (2,600 MT), and Guatemala (2,500 MT), were offset by reductions for Canada (2,700 MT).  Exports of 14,000 MT were down 64 percent from the previous week and 49 percent from the prior 4-week average.  The destinations were primarily to the Dominican Republic (5,400 MT), Colombia (4,600 MT), Mexico (3,700 MT) and Canada (200 MT). 

·         Cotton:  Net sales of 277,100 RB for 2019/2020 were down 19 percent from the previous week and 23 percent from the prior 4-week average.  Increases primarily for Vietnam (74,900 RB, including 1,300 RB switched from Malaysia and decreases of 9,300 RB), Turkey (55,200 RB, including 2,200 RB switched from Vietnam), Pakistan (53,200 RB, including decreases of 1,800 RB), China (44,900 RB, including decreases of 8,800 RB), and Indonesia (13,300 RB, including 300 RB switched from Japan and decreases of 800 RB), were offset by reductions for Japan (1,400 RB) and Honduras (600 RB).  For 2020/2021, net sales of 120,100 RB were primarily for Pakistan (26,400 RB), China (17,600 RB), South Korea (15,400 RB), Mexico (12,800 RB), and Honduras (9,700 RB).  Exports of 386,800 RB were up 5 percent from the previous week, but down 3 percent from the prior 4-week average.  Exports were primarily to Pakistan (86,100 RB), Turkey (71,300 RB), China (65,800 RB), Vietnam (55,200 RB), and Indonesia (31,500 RB).  Net sales of Pima totaling 18,300 RB were up 7 percent from the previous week and 2 percent from the prior 4-week average.  Increases were primarily for China (8,400 RB), Pakistan (6,100 RB), India (1,500 RB), Indonesia (1,300 RB), and Italy (500 RB), were offset by reductions for Switzerland (900 RB), Japan (300 RB), and El Salvador (200 RB).  Exports of 17,400 RB were up 11 percent from the previous week and 8 percent from the prior 4-week average.  The primary destinations were primarily to China (4,000 RB), Pakistan (3,900 RB), India (3,600 RB), El Salvador (1,200 RB), and Vietnam (1,100 RB).  

Exports for Own Account:  For 2019/2020, exports for own account totaling 7,500 RB to Indonesia (7,000 RB) and South Korea (400 RB) were applied to new or outstanding sales.  The current exports for own account outstanding balance of 32,000 RB is for Indonesia (20,100 RB), Bangladesh (6,500 RB), China (2,500 RB), India (1,700 RB), Pakistan (500 RB), Malaysia (400 RB), and Vietnam (300 RB).

·         Hides and Skins: Net sales of 408,800 pieces for 2020 were down 11 percent from the previous week, but up 8 percent from the prior 4-week average.  Increases primarily for China (248,900 whole cattle hides, including decreases of 6,200 pieces), South Korea (77,600 whole cattle hides, including 3,300 whole cattle hides switched from Hong Kong and decreases of 2,500 pieces), Mexico (41,400 whole cattle hides, including decreases of 600 pieces), Indonesia (24,300 whole cattle hides, including decreases of 700 pieces), and Taiwan (16,200 whole cattle hides, including decreases of 1,300 pieces), were offset by reductions primarily for Brazil (5,600 whole cattle hides) and Hong Kong (3,300 whole cattle hides).  Exports of 363,100 pieces reported for 2020 were up 12 percent from the previous week and 8 percent from the prior 4-week average.  Whole cattle hide exports were primarily to China (174,800 pieces), Mexico (58,100 pieces), South Korea (55,800 pieces), Thailand (31,000 pieces), and Taiwan (17,900 pieces).  In addition, there were exports to Belgium (2,700 kip skins) and Japan (1,200 kip skins). 

·         Net sales of 105,000 wet blues for 2020 were up 11 percent from the previous week, but down 4 percent from the prior 4-week average.  Increases were primarily for Italy (26,400 unsplit), Thailand (25,200 unsplit), China (14,600 grain splits and 8,300 unsplit), Vietnam (15,400 unsplit), and Mexico (7,800 grain splits).  Exports of 115,400 wet blues for 2020 were down 30 percent from the previous week and 24 percent from the prior 4-week average.  The destinations were primarily to Italy (20,900 unsplit and 4,100 grain splits), China (12,500 grain splits and 9,300 unsplit), Thailand (19,900 unsplit), Brazil (8,700 grain splits and 5,200 unsplit), and Vietnam (11,100 unsplit).  Total net sales of 791,600 splits were for Vietnam.  Exports of 324,600 pounds were to Vietnam (321,000 pounds) and China (3,600 pounds).

·         Beef: Net sales of 14,500 MT reported for 2020 were down 32 percent from the previous week and 12 percent from the prior 4-week average.  Increases primarily for South Korea (7,200 MT, including decreases of 300 MT), Japan (5,100 MT, including decreases of 600 MT), Taiwan (700 MT, including decreases of 100 MT), Canada (600 MT, including decreases of 100 MT), and Hong Kong (300 MT, including decreases of 100 MT), were offset by reductions for Vietnam (100 MT).  Exports of 16,800 MT were up 1 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to Japan (7,100 MT), South Korea (4,000 MT), Mexico (1,400 MT), Taiwan (1,200 MT), and Canada (1,000 MT).

·         Pork: Net sales of 38,600 MT reported for 2020 were up 8 percent from the previous week and 89 percent from the prior 4-week average.  Increases were primarily for Mexico (11,100 MT), China (9,500 MT), Japan (9,400 MT), Canada (2,400 MT), and Chile (1,200 MT).  Exports of 48,600 MT–a marketing-year high–were up 13 percent from the previous week and 12 percent from the prior 4-week average.  The destinations were primarily to China (23,000 MT), Mexico (9,600 MT), Japan (5,400 MT), South Korea (3,500 MT), and Canada (2,400 MT).

 

U.S. EXPORT SALES FOR WEEK ENDING 3/19/2020

	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	370.3	1,928.3	2,462.9	188.7	7,321.9	5,906.8	296.9	440.2
SRW	-4.0	289.5	853.5	12.8	2,044.2	2,231.4	45.0	162.4
HRS	167.9	1,640.4	1,321.9	141.8	5,632.2	5,199.0	4.5	176.2
WHITE	121.8	1,119.7	1,061.6	72.5	3,821.1	4,100.8	0.0	36.0
DURUM	84.0	230.4	120.7	0.0	682.2	360.4	20.0	151.0
TOTAL	740.0	5,208.3	5,820.6	415.7	19,501.7	17,798.3	366.4	965.8
BARLEY	0.0	11.3	26.0	3.4	37.8	33.4	0.0	31.0
CORN	1,814.3	13,783.9	13,879.2	846.0	17,048.1	28,778.9	82.9	1,740.7
SORGHUM	107.6	1,286.6	228.3	27.9	1,186.0	718.9	0.0	33.0
SOYBEANS	904.3	4,612.9	12,429.5	607.1	31,291.1	29,175.3	0.5	414.9
SOY MEAL	251.2	3,051.2	3,396.8	289.7	5,610.5	5,733.4	16.0	116.8
SOY OIL	55.9	278.9	129.6	14.0	553.1	418.4	0.0	2.5
RICE
L G RGH	17.2	346.8	316.0	55.6	935.2	755.0	0.0	0.0
M S RGH	6.0	43.3	183.0	0.4	24.5	25.2	0.0	0.0
L G BRN	6.7	20.9	6.4	0.3	36.3	29.0	0.0	0.0
M&S BR	0.2	63.7	78.6	2.5	44.3	62.7	0.0	0.0
L G MLD	21.7	93.4	123.7	4.9	656.9	582.9	0.0	0.0
M S MLD	21.1	225.5	185.8	8.2	398.2	342.9	0.0	0.0
TOTAL	73.0	793.6	893.5	71.9	2,095.4	1,797.8	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	277.1	6,918.4	5,839.4	386.8	8,226.5	6,726.1	120.1	1,895.1
PIMA	18.3	235.1	250.0	17.4	304.8	365.1	0.0	35.3