FW: FI Weekly USDA Export Sales Snapshot 05/21/20

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USDA Export Sales

• US pork export sales slumped to 5,800 tons. 
• Soybeans were above expectations at 1.205 million tons. China was the dominant buyer of soybeans at 737,400 tons (decrease of 600 tons).  Meal was 198,800 tons with shipments at 208,900 tons and soybean oil export sales at a very good 62,100 tons with shipments at 11,700 tons.
• All-wheat export sales were 175,800 tons. New-crop was better at 252,400 tons. Combined they were within expectations. 
• Corn export sales came in at 884,200 tons, within expectations. 
• US sorghum export sales were 83,100 tons. 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 5/14/2020                               

	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	52.7	1,170.2	1,306.7	127.0	8,768.4	8,011.9	80.3	1,071.1
SRW	7.9	193.8	262.8	12.0	2,254.9	3,098.8	44.6	337.8
HRS	81.8	1,185.7	595.5	137.6	6,688.9	6,511.5	42.3	552.7
WHITE	33.4	742.1	490.8	91.4	4,567.8	4,933.1	78.2	355.7
DURUM	0.0	100.8	27.9	0.0	883.3	476.0	7.0	219.0
TOTAL	175.8	3,392.6	2,683.7	368.0	23,163.3	23,031.4	252.4	2,536.3
BARLEY	0.2	9.8	20.2	0.6	40.3	41.0	0.0	31.0
CORN	884.2	12,804.5	9,460.1	1,261.3	26,673.9	37,880.2	-29.4	3,338.5
SORGHUM	83.1	1,282.8	599.8	263.8	2,389.7	1,010.6	32.0	195.0
SOYBEANS	1,205.0	6,406.7	11,838.2	500.0	35,111.2	33,934.7	464.0	2,129.4
SOY MEAL	198.8	2,250.5	2,848.7	208.9	7,586.6	7,862.6	0.0	235.1
SOY OIL	62.1	296.3	149.0	11.7	787.8	557.0	0.5	11.0
RICE
L G RGH	69.3	262.2	259.5	61.9	1,216.7	1,024.3	0.0	0.0
M S RGH	4.5	37.2	35.7	1.5	59.2	63.9	0.0	0.0
L G BRN	3.8	20.5	4.4	0.5	46.4	31.9	0.0	0.0
M&S BR	2.1	56.9	13.9	2.7	59.2	132.7	0.0	0.0
L G MLD	30.8	66.2	64.7	44.5	797.8	699.0	0.0	0.0
M S MLD	2.8	178.9	181.2	8.8	531.8	439.6	0.0	0.0
TOTAL	113.3	622.0	559.4	119.9	2,711.1	2,391.4	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	128.9	5,481.1	5,052.7	252.2	10,810.1	9,569.5	120.2	2,650.0
PIMA	0.6	136.5	218.9	4.6	410.3	488.4	0.0	33.8

 

 

Export Sales Highlights 

This summary is based on reports from exporters for the period May 8-14, 2020.

Wheat:  Net sales of 175,800 metric tons for 2019/2020 were down 14 percent from the previous week and 39 percent from the prior 4-week average.  Increases primarily for the Philippines (59,000 MT), South Korea (37,700 MT), unknown destinations (31,200 MT), Italy (20,900 MT), and Mexico (17,700 MT, including decreases of 100 MT), were offset by reductions for the Dominican Republic (6,300 MT).  For 2020/2021, net sales of 252,400 MT were primarily for unknown destinations (128,000 MT), the Philippines (50,000 MT), Mexico (42,200 MT), the Dominican Republic (9,800 MT), and Chile (7,500 MT).  Exports of 368,000 MT were unchanged from the previous week, but down 23 percent from the prior 4-week average.  The destinations were primarily to Japan (69,300 MT), the Philippines (64,200 MT), South Korea (56,500 MT), Mexico (54,000 MT), and Taiwan (53,200 MT).

Corn:  Net sales of 884,200 MT for 2019/2020 were down 18 percent from the previous week and 10 percent from the prior 4-week average.  Increases primarily for Japan (332,600 MT, including 39,600 MT switched from unknown destinations and decreases of 4,100 MT), Mexico (215,000 MT, including 30,000 MT switched from unknown destinations and decreases of 5,200 MT), South Korea (133,000 MT, including decreases of 2,900 MT), Peru (64,000 MT), and the Dominican Republic (35,000 MT), were offset by reductions for the French West Indies (4,400 MT) and Egypt (2,400 MT).  For 2020/2021, net sales reductions of 29,400 MT resulting in increases for Honduras (3,700 MT), Canada (1,100 MT), and Guatemala (400 MT), were more than offset by reductions for Mexico (34,500 MT).  Exports of 1,261,300 MT were down 4 percent from the previous week, but up 10 percent from the prior 4-week average.  The destinations were primarily to Mexico (362,900 MT), Japan (263,800 MT), China (129,600 MT), South Korea (122,000 MT), and Colombia (115,100 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 777,000 MT is for South Korea (517,000 MT), Vietnam (195,000 MT), and Taiwan (65,000 MT).

 

Barley: Net sales of 200 MT for 2019/2020 were reported for Taiwan.  Exports of 600 MT were down 5 percent from the previous week, but up noticeably from the prior 4-week average.  The destination was Japan.

 

Sorghum:  Net sales of 83,100 MT for 2019/2020 were down noticeably from the previous week and down 29 percent from the prior 4-week average.  Increases for China (131,500 MT, including 116,000 MT switched from unknown destinations and decreases of 200 MT), were offset by reductions for unknown destinations (48,000 MT) and Japan (300 MT).  For 2020/2021, net sales of 32,000 MT for China (65,000 MT), were offset by reductions for New Zealand (33,000 MT).  Exports of 263,800 MT–a marketing-year high–were up noticeably from the previous week and up 91 percent from the prior 4-week average.  The destinations were primarily to China (254,100 MT) and Japan (9,700 MT).

 

Rice:  Net sales of 113,300 MT for 2019/2020 were up noticeably from the previous week and from the prior 4-week average.  Increases were primarily for Mexico (80,300 MT), Honduras (19,300 MT), Canada (5,300 MT), Haiti (3,200 MT, including decreases of 500 MT), and South Korea (2,000 MT).  Exports of 119,900 MT were up 60 percent from the previous week and up noticeably from the prior 4-week average.  The destinations were primarily to Mexico (64,100 MT), Colombia (25,900 MT), Haiti (14,900 MT), South Korea (4,600 MT), and Japan (3,100 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 1,205,000 MT for 2019/2020 were up 99 percent from the previous week and 80 percent from the prior 4-week average.  Increases were primarily for China (737,400 MT, including decreases of 600 MT), unknown destinations (177,700 MT), Egypt (89,300 MT, including 85,800 MT switched from unknown destinations and decreases of 400 MT), Italy (38,600 MT), and Canada (28,800 MT).  For 2020/2021, net sales of 464,000 MT were for China (462,000 MT) and Taiwan (2,000 MT).  Exports of 500,000 MT were up 18 percent from the previous week and 2 percent from the prior 4-week average.  The destinations were primarily to Egypt (137,300 MT), China (76,700 MT), Mexico (61,300 MT), Italy (38,600 MT), and Taiwan (36,000 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 Italy were adjusted down 48,605 MT for week ending May 7th.  These exports were reported in error.

 

Soybean Cake and Meal:  Net sales of 198,800 MT for 2019/2020 were up 96 percent from the previous week and 59 percent from the prior 4-week average.  Increases primarily for the Philippines (140,200 MT), the Dominican Republic (17,500 MT), Canada (12,300 MT), Morocco (8,000 MT), and Peru (6,000 MT), were offset by reductions primarily for the French West Indies (4,300 MT) and Guatemala (300 MT).  Exports of 208,900 MT were up 20 percent from the previous week, but down 14 percent from the prior 4-week average.  The destinations were primarily to the Philippines (50,800 MT), Mexico (34,700 MT), Ecuador (32,100 MT), Colombia (25,300 MT), and Canada (24,700 MT). 

 

Soybean Oil:  Net sales of 62,100 MT for 2019/2020 were primarily for South Korea (22,000 MT), China (20,000 MT), Guatemala (6,000 MT), Colombia (5,500 MT), and the Dominican Republic (5,400 MT).  For 2020/2021, total net sales of 500 MT were for Mexico.  Exports of 11,700 MT were down 82 percent from the previous week and 67 percent from the prior 4-week average.  The destinations were to Guatemala (5,500 MT), Colombia (3,000 MT), Mexico (2,900 MT), and Canada (300).

 

Cotton:  Net sales of 128,900 RB for 2019/2020 were down 46 percent from the previous week and 51 percent from the prior 4-week average.  Increases primarily for China (153,600 RB, including 1,800 RB switched from Vietnam and decreases of 5,500 RB), Turkey (5,400 RB, including decreases of 1,000 RB), Vietnam (3,900 RB, including decreases of 3,800 RB), Nicaragua (2,200 RB switched from Vietnam), and Taiwan (2,200 RB), were offset by reductions primarily for Bangladesh (16,300 RB), Thailand (11,900 RB), Japan (4,000 RB), Malaysia (3,500 RB), and Mexico (2,800 RB).  For 2020/2021, net sales of 120,200 RB were primarily for China (79,200 RB), Bangladesh (19,800 RB), and Thailand (11,200 RB).  Exports of 252,200 RB were up 4 percent from the previous week, but down 11 percent from the prior 4-week average.  Exports were primarily to China (64,100 RB), Vietnam (58,500 RB), Pakistan (34,200 RB), Bangladesh (22,300 RB), and Turkey (20,800 RB).  For 2019/2020, net sales of Pima totaling 600 RB were primarily for Turkey (300 RB) and South Korea (300 RB).  Exports of 4,600 RB were down 42 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were primarily to Pakistan (1,300 RB), China (1,100 RB), Turkey (600 RB), Bahrain (400 RB), and Indonesia (400 RB).  Exports for Own Account:  For 2019/2020, new exports for own account totaling 3,300 RB were to China (2,200 RB), Thailand (900 RB), and Vietnam (300 RB).  Exports for own account totaling 900 RB to Thailand were applied to new or outstanding sales.  Decreases were reported for China (900 RB).  The current exports for own account outstanding balance of 20,500 RB is for China (10,700 RB), Indonesia (8,200 RB), Bangladesh (1,000 RB), and Vietnam (600 RB).  

Export Adjustments: Accumulated exports of Pima to Turkey were adjusted down 85 RB for week ending February 6^th and 85 RB for week ending February 13th.  These exports were reported in error.

 

Hides and Skins: Net sales of 354,100 pieces for 2020 were up 24 percent from the previous week, but down 9 percent from the prior 4-week average.  Increases were reported for China (323,600 whole cattle hides, including decreases of 45,600 pieces), South Korea (11,400 whole cattle hides, including decreases of 5,100 pieces), Thailand (9,000 whole cattle hides, including decreases of 300 pieces), Vietnam (4,700 whole cattle hides, including decreases of 100 pieces), and Brazil (1,400 whole cattle hides).  Additionally, net sales reported for Italy (1,800 calf skins, including decreases of 300 calf skins) and Belgium (1,100 kip skins, including decreases of 400 kip skins), were offset by reductions for Canada (100 kip skins).  Exports of 417,000 pieces reported for 2020 were up 6 percent from the previous week and 10 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (354,800 pieces), South Korea (19,700 pieces), Thailand (9,300 pieces), Indonesia (9,100 pieces), and Taiwan (5,200 pieces).  In addition, there were exports primarily to Italy (1,800 calf skins) and Belgium (2,600 kip skins).

 

Net sales of 19,800 wet blues for 2020 were down 39 percent from the previous week and 68 percent from the prior 4-week average.  Increases reported for Italy (21,400 unsplit, including decreases of 200 unsplit), China (800 unsplit, including decreases of 100 unsplit), Taiwan (600 unsplit), and Vietnam (200 grain splits), were offset by reductions for Brazil (3,000 unsplit and 100 grain splits).  Exports of 62,000 wet blues for 2020 were down 18 percent from the previous week and 17 percent from the prior 4-week average.  The destinations were to Italy (43,300 unsplit), Thailand (8,800 unsplit), Brazil (4,500 grain splits), Vietnam (2,300 unsplit and 2,000 grain splits), and China (1,200 unsplit).  No net sales of splits were reported for the week.  Exports of 81,000 pounds–a marketing-year low–were to China (41,000 pounds) and Vietnam (40,000 pounds).

 

Beef: Net sales of 4,000 MT reported for 2020–a marketing-year low–were down 4 percent from the previous week and 47 percent from the prior 4-week average.  Increases primarily for Japan (2,900 MT, including decreases of 900 MT), South Korea (1,000 MT, including decreases of 200 MT), Hong Kong (300 MT, including decreases of 200 MT), China (200 MT), and the Philippines (200 MT, including decreases of 100 MT), were offset by reductions primarily for Mexico (400 MT) and Taiwan (100 MT).  Exports of 11,000 MT were down 10 percent from the previous week and 16 percent from the prior 4-week average.  The destinations were primarily to Japan (4,000 MT), South Korea (2,700 MT), Hong Kong (1,400 MT), Canada (900 MT), and Taiwan (700 MT).

Pork: Net sales reductions of 5,800 MT reported for 2020 resulting in increases for Japan (3,200 MT, including decreases of 600 MT), Canada (1,000 MT, including decreases of 500 MT), Nicaragua (800 MT), Mexico (700 MT, including decreases of 1,900 MT), and South Korea (400 MT, including decreases of 1,100 MT), were more than offset by reductions for China (12,600 MT) and Chile (700 MT).  Exports of 49,700 MT–a marketing-year high–were up noticeably from the previous week and up 36 percent from the prior 4-week average.  The destinations were primarily to China (19,800 MT), Mexico (13,600 MT), Japan (6,100 MT), South Korea (4,100 MT), and Canada (2,000 MT).