FW: FI Weekly USDA Export Sales Snapshot 06/21/18

PDF attached

 

All-wheat sales and product shipments were some of the positive numbers this week’s USDA export sales report. Soybean, corn, and meal sales were on the low side. Soybean oil sales were ok.

 

 

U.S. EXPORT SALES FOR WEEK ENDING 6/14/2018

	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	107.9	952.3	2,010.9	103.9	171.0	611.8	0.0	0.0
SRW	25.4	498.6	681.6	51.0	129.4	85.8	0.0	0.0
HRS	178.7	1,475.9	1,740.1	79.5	192.6	390.9	0.0	0.0
WHITE	150.9	1,224.8	1,487.0	190.9	242.4	313.0	0.0	0.0
DURUM	-1.2	99.8	169.3	1.6	1.6	34.8	0.0	0.0
TOTAL	461.6	4,251.3	6,088.9	426.9	736.9	1,436.2	0.0	0.0
BARLEY	0.4	47.3	28.5	0.1	1.7	0.8	0.0	0.0
CORN	165.9	14,231.2	9,864.3	1,762.9	42,171.5	45,281.7	339.7	3,651.0
SORGHUM	55.0	320.1	452.8	1.1	4,840.0	3,976.7	0.0	38.0
SOYBEANS	301.7	8,257.8	6,787.7	992.0	48,193.7	52,260.9	227.6	6,881.2
SOY MEAL	115.1	2,632.3	2,261.1	210.1	8,596.6	7,658.9	5.0	315.2
SOY OIL	16.0	157.1	109.1	29.9	746.7	861.3	2.8	13.1
RICE
L G RGH	0.6	136.3	140.3	2.1	1,093.2	1,164.3	0.0	30.0
M S RGH	0.0	0.0	9.0	0.0	52.7	186.4	0.0	0.0
L G BRN	0.1	2.5	10.1	0.1	14.3	15.7	0.0	0.0
M&S BR	0.1	0.2	8.1	0.1	66.4	184.3	0.0	0.0
L G MLD	5.7	63.2	220.7	20.3	834.6	741.5	0.0	0.0
M S MLD	2.1	117.8	82.5	13.7	495.5	735.8	0.0	1.3
TOTAL	8.6	320.0	470.5	36.3	2,556.7	3,027.9	0.0	31.3
COTTON		THOUSAND RUNNING BALES
UPLAND	-112.4	3,443.8	2,013.6	312.8	12,743.5	12,090.8	295.4	5,117.0
PIMA	-0.2	105.0	78.2	7.4	528.9	547.3	46.0	144.7

 

Export Sales Highlights 

This summary is based on reports from exporters for the period June 8-14, 2018.

Wheat:  Net sales of 461,600 metric tons were reported for delivery in marketing year 2018/2019.  The primary destinations were the Philippines (137,000 MT, including 50,000 MT switched from unknown destinations), Japan (118,500 MT, including decreases of 41,900 MT), Thailand (49,600 MT, including 5,000 MT switched from unknown destinations), Mexico (46,300 MT), and Ecuador (27,800 MT, switched from unknown destinations).  Reductions were reported for unknown destinations (13,000 MT) and Algeria (1,300 MT).  Exports of 426,900 MT were reported to Japan (79,100 MT), South Korea (56,100 MT), the Philippines (55,000 MT), Indonesia (54,000 MT), and Thailand (53,500 MT). 

Corn:  Net sales of 165,900 MT for 2017/2018 were down 82 percent from the previous week and from the prior 4-week average.  Increases were reported for Mexico (214,800 MT, including 32,000 MT switched from unknown destinations and decreases of 39,800 MT), Japan (142,600 MT, including 83,700 MT switched from unknown destinations, 63,000 MT switched from South Korea, and decreases of 14,400 MT), Peru (108,000 MT, including 100,000 MT switched from unknown destinations and decreases of 3,000 MT), Spain (71,500 MT, including 65,000 MT switched from unknown destinations), and the Netherlands (69,400 MT, including 65,000 MT switched from unknown destinations).  Reductions were primarily for unknown destinations (584,700 MT) and South Korea (61,100 MT).  For 2018/2019, net sales of 339,700 MT reported for South Korea (191,000 MT), Mexico (73,000 MT), and Panama (40,500 MT), were partially offset by reductions for Japan (1,000 MT).  Exports of 1,762,900 MT were up 25 percent from the previous week and 13 percent from the prior 4-week average.  The destinations were primarily to Japan (550,700 MT), Mexico (338,900 MT), Spain (182,500 MT), South Korea (130,000 MT), and Peru (97,000 MT).

Optional Origin Sales:  For 2017/2018, the current optional origin outstanding balance of 417,000 MT is for South Korea (206,000 MT), unknown destinations (91,000 MT), Saudi Arabia (70,000 MT), and Egypt (50,000 MT).  For 2018/2019, the current outstanding balance of 138,000 MT is for Saudi Arabia (70,000 MT) and South Korea (68,000 MT).

Barley:  Net sales of 400 MT were reported for Taiwan.  Exports of 100 MT were to Taiwan.

Sorghum:  Net sales of 55,000 MT were reported for unknown destinations.  Exports of 1,100 MT were down 78 percent from the previous week and 96 percent from the prior 4-week average.  The destination was Mexico.

Rice:  Net sales of 8,600 MT for 2017/2018 were down 72 percent from the previous week and 85 percent from the prior 4-week average.  Increases reported for Saudi Arabia (6,100 MT), Canada (1,400 MT, including decreases of 100 MT), Hong Kong (800 MT), and Guatemala (400 MT), were partially offset by reductions for Mexico (1,000 MT).  Exports of 36,300 MT were up noticeably from the previous week, but down 54 percent from the prior 4-week average.  The destinations were Haiti (15,300 MT), Japan (12,200 MT), Mexico (3,000 MT), Saudi Arabia (2,200 MT), and Canada (1,700 MT).

Soybeans:  Net sales of 301,700 MT for 2017/2018 were down 42 percent from the previous week, but up 48 percent from the prior 4-week average.  Increases were reported for the Netherlands (240,300 MT, including 219,300 MT switched from unknown destinations), Vietnam (82,300 MT, including 66,000 MT switched from China), Saudi Arabia (65,900 MT, including 60,000 MT switched from unknown destinations), Japan (54,700 MT, including 9,500 MT switched from unknown destinations and decreases of 600 MT), and Germany (52,500 MT, including 55,000 MT switched from unknown destinations and decreases of 2,500 MT).  Reductions were primarily for unknown destinations (204,300 MT) and China (66,000 MT).  For 2018/2019, net sales of 227,600 MT were primarily for unknown destinations (172,000 MT) and Japan (23,100 MT).  Exports of 992,000 MT were up 66 percent from the previous week and 49 percent from the prior 4-week average.  The destinations were to the Netherlands (240,300 MT), Egypt (155,900 MT), Taiwan (87,700 MT), Mexico (79,100 MT), and Vietnam (78,500 MT). 

Optional Origin Sales:  For 2018/2019, new optional origin sales of 63,000 MT were reported for unknown destinations.  The current optional origin outstanding balance of 228,000 MT is for China (165,000 MT) and unknown destinations (63,000 MT). 

Export for Own Account:  New exports for own account totaling 29,700 MT were reported to Canada.  The current outstanding balance of 71,400 MT is for Canada.

Soybean Cake and Meal:  Net sales of 115,100 MT for 2017/2018 were up 54 percent from the previous week, but down 22 percent from the prior 4-week average.  Increases were reported for Colombia (31,600 MT), Japan (19,300 MT), the Dominican Republic (17,500 MT), Mexico (15,900 MT, including decreases of 200 MT), and Canada (12,700 MT).  Reductions were reported for Chile (1,600 MT), Spain (500 MT), and Nicaragua (200 MT).  For 2018/2019, net sales of 5,000 MT were primarily for Japan (2,300 MT) and Guatemala (1,800 MT).  Exports of 210,100 MT were down 32 percent from the previous week and 13 percent from the prior 4-week average.  The primary destinations were Spain (69,000 MT), Mexico (25,200 MT), Japan (20,200 MT), Colombia (20,000 MT), and Canada (18,900 MT).

Soybean Oil:  Net sales of 16,000 MT for 2017/2018 were up noticeably from the previous week and 91 percent from the prior 4-week average.  Increases were primarily for Colombia (7,000 MT), Jamaica (3,500 MT), Mexico (2,800 MT), the Dominican Republic (1,500 MT), and Canada (1,000 MT).  For 2018/2019, net sales of 2,800 MT were reported for Canada.  Exports of 29,900 MT were up 94 percent from the previous week and 5 percent from the prior 4-week average.  The primary destinations were Peru (17,600 MT), the Dominican Republic (9,000 MT), and Mexico (2,900 MT).

Cotton:  Net sales reductions of 112,400 running bales for 2017/2018 were down noticeably from the previous week and from the prior 4-week average.  Increases were reported for China (31,700 RB, including 5,500 RB switched from Vietnam and decreases of 10,700 RB), Turkey (3,200 RB, including decreases of 2,400 RB), Thailand (1,400 RB, including decreases of 600 RB), Italy (400 RB), and Malaysia (300 RB).   Reductions were primarily for Vietnam (68,300 RB), Indonesia (40,500 RB), and Hong Kong (26,400 RB).  For 2018/2019, net sales of 295,400 RB reported for China (211,700 RB), Hong Kong (26,400 RB), and Mexico (17,500 RB), were partially offset by reductions for Indonesia (18,100 RB) and Honduras (500 RB).  Exports of 312,800 RB were down 32 percent from the previous week and 31 percent from the prior 4-week average.  The primary destinations were Turkey (47,500 RB), Vietnam (46,300 RB), Indonesia (45,300 RB), Pakistan (25,000 RB), and Mexico (22,600 RB).  Net sales reductions of Pima totaling 200 RB for 2017/2018 resulted as increases for Pakistan (2,600 RB), Peru (600 RB), Bangladesh (300 RB), and Thailand (200 RB, switched from Japan), were more than offset by reductions for Hong Kong (2,200 RB), India (1,200 RB), China (300 RB), and Japan (200 RB).  For 2018/2019, net sales of 46,000 RB were primarily for China (21,000 RB) and Pakistan (18,000 RB).  Exports of 7,400 RB were down 20 percent from the previous week and 36 percent from the prior 4-week average.  The primary destinations were China (2,300 RB), India (1,600 RB), Indonesia (1,300 RB), and Thailand (700 RB). 

Optional Origin Sales:  For 2017/2018, decreases totaling 4,900 RB were reported for Turkey.  The current optional origin outstanding balance of 8,400 RB, all Indonesia.

Exports for Own Account:  New exports for own account totaling 2,300 RB were reported to China.  The current outstanding balance of 18,000 RB is for Vietnam (6,300 RB), China (6,200 RB), Indonesia (5,000 RB), and Bangladesh (500 RB).

Hides and Skins: Net sales of 514,600 pieces reported for 2018, all whole cattle hides, were up 22 percent from the previous week and 7 percent from the prior 4-week average.  Increases were for China (280,000 pieces, including decreases of 21,800 pieces), Thailand (105,100 pieces, including decreases of 4,600 pieces), South Korea (69,000 pieces, including decreases of 4,200 pieces), Mexico (27,900 pieces), and Japan (14,400 pieces, including decreases of 300 pieces).  Reductions were reported for Hong Kong (4,200 pieces) and Indonesia (300 pieces).  Exports of 334,200 pieces, all whole cattle hides, were down 27 percent from the previous week and 20 percent from the prior 4-week average.  Exports were primarily to China (154,400 pieces), South Korea (56,500 pieces), Thailand (52,300 pieces), Mexico (23,600 pieces), and Taiwan (22,200 pieces).

Net sales of 123,700 wet blues for 2018 were down 1 percent from the previous week and 32 percent from the prior 4-week average.  Increases were reported for Thailand (37,000 unsplit), Vietnam (32,300 unsplit), Italy (29,100 unsplit), China (17,200 unsplit and 200 grain splits), and Japan (2,200 unsplit and 800 grain splits).  Reductions were reported for Mexico (600 grain splits), Hong Kong (100 grain splits), and Thailand (100 grain splits).  Exports of 145,100 wet blues for 2018 were down 22 percent from the previous week and 23 percent from the prior 4-week average.  The primary destinations were China (46,900 unsplit and 2,100 grain splits), Italy (17,100 grain splits and 9,100 unsplit), Thailand (14,900 unsplit and 10,000 grain splits), and Vietnam (24,000 unsplit).  Net sales splits totaling 640,600 pounds for 2018 were up 31 percent from the previous week, but down 62 percent from the prior 4-week average.  The destinations were Vietnam (437,300 pounds), China (200,000 pounds), and Mexico (3,300 pounds).  Exports of 482,200 pounds were down 47 percent from the previous week and 55 percent from the prior 4-week average.  The destinations were Vietnam (332,200 pounds) and China (150,000 pounds).

Beef: Net sales of 16,700 MT for 2018 were down 25 percent from the previous week and 15 percent from the prior 4-week average.  Increases were primarily for South Korea (4,800 MT, including decreases of 500 MT), Japan (3,300 MT, including decreases of 2,900 MT), Mexico (3,300 MT, including decreases of 100 MT), Hong Kong (1,500 MT, including decreases of 300 MT), and Taiwan (1,400 MT, including decreases of 100 MT).  Exports of 18,600 MT–a marketing-year high–were unchanged from the previous week, but up 11 percent from the prior 4-week average.  The primary destinations were Japan (6,900 MT), South Korea (4,700 MT), Mexico (1,900 MT), Taiwan (1,600 MT), and Hong Kong (1,200 MT).

Pork: Net sales of 9,600 MT for 2018 were down 35 percent from the previous week and 42 percent from the prior 4-week average.  Increases were reported for Japan (2,500 MT), Canada (1,200 MT), Colombia (1,000 MT), Mexico (900 MT), and Australia (900 MT).  Exports of 19,500 MT were down 13 percent from the previous week and 11 percent from the prior 4-week average.  The primary destinations were Mexico (8,300 MT), Japan (3,600 MT), South Korea (2,400 MT), Colombia (1,100 MT), and Canada (1,000 MT).