FW: FI Weekly USDA Export Sales Snapshot 04/02/20

PDF attached

 

Combined wheat sales were poor, corn ok, soybeans above expectations, meal low, and SBO very good.  Sorghum (200k+) and pork sales were very good. 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 3/26/2020

	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	54.1	1,812.1	2,563.3	170.3	7,492.2	6,073.0	82.2	522.4
SRW	5.6	279.2	922.8	15.9	2,060.1	2,320.3	16.0	178.4
HRS	-24.9	1,537.5	1,403.4	78.0	5,710.2	5,314.3	64.7	240.9
WHITE	37.9	1,148.5	1,102.9	9.2	3,830.3	4,142.4	23.0	59.0
DURUM	0.2	230.4	117.0	0.2	682.3	364.3	0.0	151.0
TOTAL	72.9	5,007.7	6,109.5	273.5	19,775.1	18,214.2	185.9	1,151.7
BARLEY	0.2	10.7	24.7	0.8	38.7	34.7	0.0	31.0
CORN	1,075.4	13,600.8	13,154.3	1,258.5	18,306.6	30,041.1	20.3	1,761.0
SORGHUM	200.2	1,255.6	236.4	231.2	1,417.2	774.0	0.0	33.0
SOYBEANS	957.4	5,102.0	13,635.9	468.4	31,759.5	29,940.6	114.0	528.9
SOY MEAL	125.2	2,851.5	3,292.0	324.9	5,935.4	6,028.5	-15.9	101.0
SOY OIL	67.0	286.4	143.6	59.5	612.6	441.1	2.3	4.9
RICE
L G RGH	25.3	328.3	314.0	43.8	979.0	804.4	0.0	0.0
M S RGH	1.5	44.4	55.1	0.4	24.9	31.1	0.0	0.0
L G BRN	0.2	20.7	6.2	0.4	36.7	29.3	0.0	0.0
M&S BR	0.2	63.1	78.4	0.8	45.2	63.0	0.0	0.0
L G MLD	4.5	94.0	109.1	4.0	660.8	587.3	0.0	0.0
M S MLD	36.6	255.0	205.5	7.1	405.3	349.5	0.0	0.0
TOTAL	68.3	805.4	768.1	56.5	2,151.9	1,864.5	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	147.5	6,665.1	5,750.7	400.8	8,627.3	7,137.0	111.4	2,006.5
PIMA	0.2	211.4	249.2	23.8	328.6	382.1	0.0	35.3

 

 

Export Sales Highlights 

This summary is based on reports from exporters for the period March 20-26, 2020.

·         Wheat:  Net sales of 72,900 metric tons for 2019/2020–a marketing-year low–were down 90 percent from the previous week and 86 percent from the prior 4-week average.  Increases primarily for Mexico (84,900 MT), the Philippines (60,000 MT), Malaysia (42,900 MT, switched from unknown destinations), Chile (40,000 MT), and Bangladesh (25,000 MT), were offset by reductions primarily for unknown destinations (125,800 MT), Indonesia (65,600 MT), Nigeria (25,000 MT), Panama (22,200 MT), and the Dominican Republic (17,300 MT).  For 2020/2021, net sales of 185,900 MT were primarily for the Philippines (60,000 MT), China (60,000 MT), Panama (23,200 MT), unknown destinations (22,200 MT), and Ecuador (16,000 MT).  Exports of 273,500 MT were down 34 percent from the previous week and 42 percent from the prior 4-week average.  The destinations were primarily to Indonesia (74,400 MT), Mexico (74,300 MT), Japan (34,300 MT), Taiwan (24,900 MT), and Colombia (21,800 MT). 

·         Corn:  Net sales of 1,075,400 MT for 2019/2020 were down 41 percent from the previous week and 13 percent from the prior 4-week average.  Increases primarily for Mexico (314,600 MT, including 57,000 MT switched from unknown destinations), Japan (239,000, MT, including 30,800 MT switched from unknown destinations and decreases of 12,400 MT), unknown destinations (170,800 MT), South Korea (136,100 MT, including decreases of 700 MT), and Colombia (97,600 MT, including 98,500 MT switched from unknown destinations and decreases of 8,400 MT), were offset by reductions primarily for Panama (12,600 MT), Guatemala (5,300 MT), and El Salvador (4,000 MT).  For 2020/2021, net sales of 20,300 MT were primarily for Canada (10,200 MT).  Exports of 1,258,500 MT–a marketing-year high–were up 49 percent from the previous week and 42 percent from the prior 4-week average.  The destinations were primarily to Japan (478,700 MT), Mexico (299,200 MT), Colombia (202,500 MT), South Korea (129,500 MT), and Costa Rica (33,100 MT). 

Optional Origin Sales:  For 2019/2020, options were exercised to export 65,000 MT to South Korea from the United States.  The current outstanding balance of 581,000 MT is for South Korea (521,000 MT) and Israel (60,000 MT).

·         Barley: Net sales of 200 MT for 2019/2020 were reported for Taiwan.  Exports of 800 MT were down 76 percent from the previous week and 23 percent from the prior 4-week average.  The destination was Japan.

·         Sorghum:  Net sales of 200,200 MT for 2019/2020 resulting in increases for unknown destinations (132,000 MT) and China (77,700 MT, including 66,000 MT switched from unknown destinations and decreases of 2,000 MT), were offset by reductions for Japan (9,200 MT) and Mexico (400 MT).  Exports of 231,200 MT–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  The destinations were primarily to China (198,700 MT), Japan (20,800 MT), and Mexico (11,500 MT). 

·         Rice:  Net sales of 68,300 MT for 2019/2020 were down 7 percent from the previous week, but up 35 percent from the prior 4-week average.  Increases were primarily for Japan (33,300 MT), Nicaragua (18,000 MT), El Salvador (5,200 MT), Mexico (4,100 MT, including decreases of 300 MT), and Canada (2,400 MT).  Exports of 56,500 MT were down 21 percent from the previous week, but up 4 percent from the prior 4-week average.  The destinations were primarily to Mexico (44,900 MT), Canada (3,300 MT), South Korea (2,800 MT), Saudi Arabia (1,800 MT), and Japan (1,400 MT).

Exports for Own Account:  For 2019/2020, new exports for own account totaling 100 MT were to Canada.  The current exports for own account outstanding balance is 100 MT, all Canada.

·         Soybeans:  Net sales of 957,400 MT for 2019/2020 were up 6 percent from the previous week and 75 percent from the prior 4-week average.  Increases primarily for Mexico (388,000 MT, including 47,500 MT switched from unknown destinations and decreases of 2,300 MT), China (131,000 MT), Bangladesh (108,300 MT, switched from unknown destinations and decreases of 300 MT), Indonesia (97,800 MT, including 68,000 MT switched from unknown destinations and decreases of 2,100 MT), and Egypt (55,000 MT), were offset by reductions for Barbados (1,200 MT).  For 2020/2021, net sales of 114,000 MT were for unknown destinations (65,000 MT), Mexico (47,500 MT), and Japan (1,500 MT).  Exports of 468,400 MT were down 23 percent from the previous week and 20 percent from the prior 4-week average.  The destinations were primarily to Mexico (124,600 MT), Bangladesh (108,300 MT), Indonesia (86,400 MT), Japan (44,200 MT), and Malaysia (26,100 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 125,200 MT for 2019/2020 were down 50 percent from the previous week and 39 percent from the prior 4-week average.  Increases primarily for the United Kingdom (29,400 MT, switched from unknown destinations), Mexico (25,300 MT, including decreases of 100 MT), New Zealand (25,000 MT), Canada (22,600 MT), and Guatemala (11,200 MT, including decreases of 10,700 MT), were offset by reductions primarily for unknown destinations (30,000 MT), Nepal (5,000 MT), Honduras (4,700 MT), and Chile (4,500 MT).  For 2020/2021, net sales reductions of 15,900 MT were for Guatemala (15,400 MT) and El Salvador (500 MT).  Exports of 324,900 MT were up 12 percent from the previous week and 7 percent from the prior 4-week average.  The destinations were primarily to Mexico (66,200 MT), the Philippines (50,500 MT), Morocco (42,300 MT), the United Kingdom (29,400 MT), and Canada (25,900 MT).

·         Soybean Oil:  Net sales of 67,000 MT for 2019/2020–marketing-year high–were primarily for South Korea (42,000 MT), unknown destinations (15,000 MT), Mexico (5,800 MT), Colombia (3,000 MT), and the Dominican Republic (900 MT, including decreases of 900 MT).  For 2020/2021, total net sales of 2,300 MT were for Mexico.  Exports of 59,500 MT were up noticeably from the previous week and from the prior 4-week average.  The destinations were primarily to Morocco (20,000 MT), Colombia (14,000 MT), Guatemala (8,000 MT), Mexico (3,600 MT), and Jamaica (3,500 MT).

·         Cotton:  Net sales of 147,500 RB for 2019/2020 were down 47 percent from the previous week and 61 percent from the prior 4-week average.  Increases primarily for Vietnam (77,500 RB, including 2,100 RB switched from Taiwan, 700 RB switched from Japan, and decreases of 2,200 RB), China (24,500 RB), South Korea (15,000 RB, including 4,400 RB switched from Vietnam), Japan (14,000 RB, including 400 RB switched from South Korea and decreases of 500 RB), and Turkey (11,200 RB), were offset by reductions for Thailand (4,900 RB), Malaysia (4,800 RB), and Bangladesh (1,000 RB).  For 2020/2021, net sales of 111,400 RB primarily for Turkey (36,100 RB), Pakistan (17,200 RB), Indonesia (12,800 RB), Portugal (11,000 RB), and Bangladesh (11,000 RB), were offset by reductions for Guatemala (500 RB).  Exports of 400,800 RB were up 4 percent from the previous week, but down 3 percent from the prior 4-week average.  Exports were primarily to Vietnam (92,400 RB), China (71,800 RB), Pakistan (70,400 RB), Turkey (68,000 RB), and Bangladesh (23,200 RB).  Net sales of Pima totaling 200 RB were down 99 percent from the previous week and from the prior 4-week average.  Increases primarily for Bangladesh (400 RB) and Greece (300 RB), were offset by reductions for El Salvador (500 RB).  Exports of 23,800 RB–a marketing-year high–were up 37 percent from the previous week and 50 percent from the prior 4-week average.  The primary destinations were primarily to India (6,200 RB), China (5,900 RB), Pakistan (5,000 RB), Vietnam (1,300 RB), and Bangladesh (1,300 RB).  Exports for Own Account:  For 2019/2020, new exports for own account totaling 500 RB were to Pakistan.  Exports for own account totaling 1,600 RB to Pakistan (900 RB) and Indonesia (700 RB) were applied to new or outstanding sales.  The current exports for own account outstanding balance of 31,000 RB is for Indonesia (19,400 RB), Bangladesh (6,500 RB), China (2,500 RB), India (1,700 RB), Malaysia (400 RB), Vietnam (300 RB), and Pakistan (200 RB).

·         Hides and Skins: Net sales of 619,300 pieces for 2020 were up 52 percent from the previous week and 59 percent from the prior 4-week average.  Increases were primarily for China (484,600 whole cattle hides, including decreases of 8,300 pieces), Thailand (47,900 whole cattle hides, including decreases of 1,100 pieces), Indonesia (28,700 whole cattle hides, including decreases of 200 pieces), South Korea (26,000 whole cattle hides, including decreases of 1,500 pieces), and Mexico (24,200 whole cattle hides, including decreases of 400 pieces).  Additionally, there were net sales reported for Mexico (2,600 kip skins).  Exports of 368,200 pieces reported for 2020 were up 1 percent from the previous week and 7 percent from the prior 4-week average.  Whole cattle hide exports were primarily to China (190,000 pieces), South Korea (43,800 pieces), Mexico (40,800 pieces), Thailand (38,500 pieces), and Taiwan (21,200 pieces).  In addition, there were exports to Italy (5,200 calf skins). 

·         Net sales of 55,600 wet blues for 2020 were down 47 percent from the previous week and from the prior 4-week average.  Increases primarily for China (25,000 unsplit), Thailand (14,200 unsplit), Mexico (11,900 grain splits), South Korea (4,100 grain splits), and Taiwan (1,600 grain splits and decreases of 100 unsplit), were offset by reductions for the Dominican Republic (3,200 unsplit).  Exports of 153,500 wet blues for 2020 were up 33 percent from the previous week and 13 percent from the prior 4-week average.  The destinations were primarily to Italy (41,300 unsplit and 1,500 grain splits), China (36,800 unsplit and 4,200 grain splits), Vietnam (30,300 unsplit), Thailand (21,100 unsplit and 1,600 grain splits), and Taiwan (8,400 unsplit).  Total net sales of 172,100 splits were for Vietnam.  Exports of 160,000 pounds were to Vietnam.

·         Beef: Net sales of 18,200 MT reported for 2020 were up 26 percent from the previous week and 10 percent from the prior 4-week average.  Increases primarily for Japan (8,500 MT, including decreases of 700 MT), South Korea (5,700 MT, including decreases of 300 MT), Hong Kong (1,300 MT, including decreases of 100 MT), Taiwan (1,200 MT, including decreases of 100 MT), and Canada (1,100 MT, including decreases of 200 MT), were offset by reductions for the Philippines (100 MT) and Mexico (100 MT).  Exports of 17,000 MT were up 1 percent from the previous week and 3 percent from the prior 4-week average.  The destinations were primarily to Japan (6,800 MT), South Korea (4,100 MT), Taiwan (1,600 MT), Mexico (1,200 MT), and Canada (1,000 MT).

·         Pork: Net sales of 38,200 MT reported for 2020 were down 1 percent from the previous week, but up 88 percent from the prior 4-week average.  Increases were primarily for China (18,900 MT), Mexico (8,500 MT), Japan (4,000 MT), South Korea (2,200 MT), and Canada (1,600 MT).  Exports of 40,200 MT were down 17 percent from the previous week and 11 percent from the prior 4-week average.  The destinations were primarily to China (16,200 MT), Mexico (9,400 MT), Japan (5,100 MT), South Korea (2,700 MT), and Canada (2,200 MT).