From: Terry Reilly
Sent: Thursday, July 26, 2018 8:17:06 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI Weekly USDA Export Sales Snapshot 07/26/18
PDF attached
Soybean export sales exceeded expectations. Shipments of the products were good.
There were 406,200 tons of new-crop soybeans reported from the 963,800 tons total.
Corn export sales were within expectations.
All-wheat export sales improved from the previous week.
U.S. EXPORT SALES FOR WEEK ENDING 7/19/2018
|
|
CURRENT MARKETING YEAR |
NEXT MARKETING YEAR |
||||||
|
COMMODITY |
NET SALES |
OUTSTANDING SALES |
WEEKLY EXPORTS |
ACCUMULATED EXPORTS |
NET SALES |
OUTSTANDING SALES |
||
|
CURRENT YEAR |
YEAR |
CURRENT YEAR |
YEAR |
|||||
|
|
THOUSAND METRIC TONS |
|||||||
|
WHEAT |
|
|
|
|
|
|
|
|
|
HRW |
141.6 |
1,019.4 |
1,648.4 |
111.4 |
685.0 |
1,818.9 |
0.0 |
0.0 |
|
SRW |
41.4 |
474.1 |
706.8 |
73.4 |
394.1 |
356.1 |
0.0 |
0.0 |
|
HRS |
78.4 |
1,414.0 |
1,479.4 |
109.4 |
762.3 |
1,123.1 |
0.0 |
0.0 |
|
WHITE |
110.4 |
1,119.5 |
1,726.2 |
115.0 |
760.6 |
855.8 |
0.0 |
0.0 |
|
DURUM |
14.0 |
176.8 |
126.9 |
0.0 |
8.6 |
76.3 |
0.0 |
0.0 |
|
TOTAL |
385.9 |
4,203.8 |
5,687.6 |
409.1 |
2,610.5 |
4,230.2 |
0.0 |
0.0 |
|
BARLEY |
0.0 |
40.4 |
31.5 |
1.6 |
8.5 |
4.3 |
0.0 |
0.0 |
|
CORN |
338.5 |
9,937.1 |
6,093.9 |
1,281.9 |
49,137.8 |
50,228.1 |
747.5 |
6,169.9 |
|
SORGHUM |
1.0 |
170.5 |
389.5 |
13.0 |
4,875.1 |
4,282.1 |
0.0 |
0.0 |
|
SOYBEANS |
538.1 |
6,526.4 |
6,444.7 |
823.6 |
51,656.5 |
54,083.1 |
963.8 |
9,830.2 |
|
SOY MEAL |
166.4 |
2,010.8 |
1,669.7 |
215.4 |
9,832.1 |
8,385.3 |
37.6 |
621.8 |
|
SOY OIL |
-4.4 |
161.1 |
102.7 |
29.4 |
840.8 |
939.3 |
5.4 |
37.8 |
|
RICE |
|
|
|
|
|
|
|
|
|
L G RGH |
5.2 |
100.0 |
165.4 |
14.3 |
1,186.0 |
1,298.8 |
1.0 |
67.7 |
|
M S RGH |
0.0 |
0.0 |
9.8 |
0.0 |
52.7 |
186.4 |
0.0 |
0.0 |
|
L G BRN |
0.2 |
1.7 |
5.0 |
0.7 |
16.2 |
21.5 |
0.0 |
0.0 |
|
M&S BR |
0.3 |
0.5 |
4.1 |
0.1 |
66.7 |
188.6 |
0.0 |
0.0 |
|
L G MLD |
-0.9 |
60.7 |
192.8 |
4.3 |
897.5 |
852.2 |
5.6 |
5.6 |
|
M S MLD |
1.4 |
93.7 |
33.4 |
4.0 |
527.5 |
816.1 |
0.0 |
1.3 |
|
TOTAL |
6.2 |
256.6 |
410.5 |
23.3 |
2,746.6 |
3,363.5 |
6.6 |
74.6 |
|
COTTON |
|
THOUSAND RUNNING BALES |
||||||
|
UPLAND |
2.3 |
2,022.4 |
1,182.9 |
293.3 |
14,298.7 |
13,445.5 |
199.1 |
6,279.7 |
|
PIMA |
5.8 |
43.9 |
52.9 |
18.5 |
601.9 |
580.8 |
4.6 |
171.4 |
Export Sales Highlights
This summary is based on reports from exporters for the period July 13-19, 2018.
Wheat: Net sales of 385,900 MT for 2018/2019 were up 29 percent from the previous week and 7 percent from the prior 4-week average. Increases were reported for unknown destinations (100,800 MT), South Korea (80,500 MT, including decreases of 600 MT), Nigeria (68,000 MT), Japan (51,900 MT, including decreases of 500 MT), and the Dominican Republic (40,000 MT). Reductions were reported for Argentina (30,000 MT), Belgium (20,000 MT), and Brazil (16,600 MT). Exports of 409,100 MT were down 6 percent from the previous week, but up 12 percent from the prior 4-week average. The destinations were primarily to Japan (80,300 MT), Mexico (66,300 MT), South Korea (60,300 MT), Iraq (52,300 MT), and the Philippines (45,000 MT).
Corn: Net sales of 338,500 MT for 2017/2018 were down 47 percent from the previous week and 42 percent from the prior 4-week average. Increases were reported for Mexico (110,800 MT, including decreases of 47,800 MT), South Korea (72,000 MT, including decreases of 3,900 MT), Israel (47,000 MT, including 50,000 MT switched from unknown destinations and decreases of 3,000 MT), unknown destinations (42,400 MT), and Egypt (41,400 MT). Reductions were primarily for Argentina (80,000 MT) and France (20,000 MT). For 2018/2019, net sales of 747,500 MT were reported for Mexico (249,900 MT), unknown destinations (125,400 MT), Japan (114,000 MT), Taiwan (79,000 MT), and South Korea (69,000 MT). Exports of 1,281,900 MT were down 1 percent from the previous week and 10 percent from the prior 4-week average. The destinations were primarily to Mexico (338,600 MT), Japan (283,400 MT), South Korea (198,500 MT), Colombia (95,700 MT), and Peru (77,800 MT).
Optional Origin Sales: For 2017/2018, increases were reported for Italy (25,000 MT, switched from unknown destinations). Options were exercised to export 68,000 MT to South Korea and 40,000 MT to Egypt from the United States. Options were exercised to export 23,800 MT to Italy from other than the United States. Decreases totaling 67,300 MT were reported for Italy (1,300 MT) and unknown destinations (66,000 MT). The current optional origin outstanding balance of 138,000 MT is for South Korea. For 2018/2019, the current outstanding balance of 463,000 MT is for South Korea (343,000 MT), Saudi Arabia (70,000 MT), and unknown destinations (50,000 MT).
Barley: No net sales were reported for the week. Exports of 1,600 MT were to Japan (1,500 MT) and South Korea (100 MT).
Sorghum: Net sales of 1,000 MT were for Japan. Exports of 13,000 MT were to Japan (11,000 MT) and Mexico (2,000 MT).
Rice: Net sales of 6,200 MT for 2017/2018 were down 75 percent from the previous week and 79 percent from the prior 4-week average. Increases were reported for El Salvador (4,000 MT), Honduras (2,500 MT), Ghana (1,500 MT), Mexico (1,400 MT), and Canada (800 MT, including decreases of 500 MT). Reductions were reported for Saudi Arabia (5,200 MT), Guatemala (300 MT), and Liberia (100 MT). For 2018/2019, net sales of 6,600 MT were reported for Saudi Arabia (5,500 MT), Honduras (1,000 MT), and the Bahamas (100 MT). Exports of 23,300 MT were down 53 percent from the previous week and 44 percent from the prior 4-week average. The destinations were primarily to Mexico (15,600 MT), Canada (2,400 MT), Japan (1,100 MT), Jordan (900 MT), and Honduras (600 MT).
Export for Own Account: New exports for own account totaling 100 MT were reported to Canada.
Soybeans: Net sales of 538,100 MT for 2017/2018 were up noticeably from the previous week, and up 69 percent from the prior 4-week average. Increases were reported for the Netherlands (143,300 MT, including 132,000 MT switched from unknown destinations), Egypt (141,400 MT, including 140,300 MT switched from unknown destinations and decreases of 2,300 MT), Mexico (92,500 MT, including decreases of 1,200 MT), Germany (58,200 MT), and Canada (49,700 MT, including decreases of 2,700 MT). Reductions were for unknown destinations (134,000 MT). For 2018/2019, net sales of 963,800 MT were reported for unknown destinations (406,200 MT), Pakistan (234,500 MT), and Mexico (95,000 MT). Exports of 823,600 MT were up 51 percent from the previous week and 21 percent from the prior 4-week average. The destinations included the Netherlands (143,300 MT), Egypt (141,400 MT), Mexico (136,700 MT), Bangladesh (83,100 MT), and Taiwan (80,600 MT).
Optional Origin Sales: For 2017/2018, new optional origin sales of 66,000 MT were reported for unknown destinations. The current optional origin outstanding balance of 66,000 MT is for unknown destinations. For 2018/2019, decreases of 165,000 MT were reported for unknown destinations. The current outstanding balance of 63,000 MT is for unknown destinations.
Export for Own Account: The current outstanding balance of 130,900 MT is for Canada.
Export Adjustment: Accumulated exports of soybeans to the Netherlands were adjusted down 58,207 MT for week ending July 12th. The correct destination for this shipment is Germany and is included in this week’s report.
Soybean Cake and Meal: Net sales of 166,400 MT for 2017/2018–marketing–year low–were up 27 percent from the previous week and 49 percent from the prior 4-week average. Increases were reported for Vietnam (69,100 MT, including 59,500 MT switched from unknown destinations), Thailand (58,600 MT), the Philippines (24,900 MT), Colombia (20,400 MT), and Morocco (14,200 MT). Reductions were reported for unknown destinations (59,500 MT) and El Salvador (5,000 MT). For 2018/2019, net sales of 37,600 MT were primarily for Jamaica (13,000 MT), unknown destinations (12,500 MT), and Vietnam (9,000 MT). Exports of 215,400 MT were down 37 percent from the previous week and 16 percent from the prior 4-week average. The primary destinations were Vietnam (77,600 MT), the Philippines (48,300 MT), Mexico (22,300 MT), Colombia (20,000 MT), and Canada (12,400 MT).
Soybean Oil: Net sales reductions of 4,400 MT for 2017/2018 were down noticeably from the previous week and from the prior 4-week average. Increases were primarily for Mexico (5,300 MT), Colombia (1,300 MT), Costa Rica (800 MT, switched from Nicaragua), and the Dominican Republic (800 MT, including decreases of 4,300 MT), were more than offset by reductions for South Korea (10,000 MT), Peru (2,900 MT), and Nicaragua (800 MT). For 2018/2019, net sales of 5,400 MT were reported for the Dominican Republic (2,300 MT), South Korea (2,000 MT), and Honduras (1,000 MT). Exports of 29,400 MT were up 44 percent from the previous week and 74 percent from the prior 4-week average. The primary destinations were the Dominican Republic (13,100 MT), Colombia (5,100 MT), Jamaica (3,500 MT), and Nicaragua (2,600 MT).
Cotton: Net sales of 2,300 running bales for 2017/2018 were down 82 percent from the previous week and 93 percent from the prior 4-week average. Increases reported for Turkey (1,800 RB), India (400 RB), Indonesia (400 RB, switched from Japan), and Honduras (400 RB), were partially offset by reductions for Japan (1,100 RB). For 2018/2019, net sales of 199,100 RB reported for Vietnam (77,500 RB), Indonesia (55,100 RB), Bangladesh (44,000 RB), and Turkey (11,600 RB), were partially offset by reductions for China (1,700 RB) and Japan (1,700 RB). Exports of 293,300 RB were up 29 percent from the previous week, but down 7 percent from the prior 4-week average. The primary destinations were Turkey (70,400 RB), Vietnam (63,900 RB), Indonesia (26,200 RB), Mexico (23,200 RB), and China (21,000 RB). Net sales of Pima totaling 5,800 RB for 2017/2018 were up noticeably from the previous week and from the prior 4-week average. Increases were reported for China (3,100 RB), India (1,500 RB), and Egypt (1,200 RB). For 2018/2019, net sales of 4,600 RB were reported for Indonesia (3,100 RB) and India (1,000 RB). Exports of 18,500 RB were up 50 percent from the previous week and 36 percent from the prior 4-week average. The primary destinations were China (11,700 RB), India (4,500 RB), Pakistan (900 RB), and Turkey (500 RB).
Optional Origin Sales: For 2017/2018, options were exercised to export 1,800 RB to Indonesia from the United States. The current optional origin outstanding balance is 4,500 RB, all Indonesia.
Exports for Own Account: The current exports for own account total of 13,000 RB is for Vietnam (6,300 RB), China (6,200 RB), and Bangladesh (500 RB).
Hides and Skins: Net sales of 329,600 pieces reported for 2018, all whole cattle hides, were up 5 percent from the previous week, but down 8 percent from the prior 4-week average. Increases were for China (150,000 pieces, including decreases of 31,400 pieces), South Korea (110,000 pieces, including decreases of 2,900 pieces), Mexico (27,800 pieces, including decreases of 8,800 pieces), Taiwan (15,800 pieces, including decreases of 200 pieces), and Thailand (8,700 pieces, including decreases of 2,500 pieces). Reductions were reported for Indonesia (100 pieces). Exports of 356,200 pieces, all whole cattle hides, were down 13 percent from the previous week and 5 percent from the prior 4-week average. The primary destinations were China (180,500 pieces), South Korea (96,800 pieces), Thailand (40,400 pieces), Mexico (25,700 pieces), and Japan (5,000 pieces).
Net sales of 200,900 wet blues for 2018 were up 62 percent from the previous week and 80 percent from the prior 4-week average. Increases were reported for Italy (70,400 unsplit), Vietnam (58,500 unsplit), China (42,600 unsplit), and Mexico (12,400 grain splits and 100 unsplit). Reductions were reported for Thailand (3,600 grain splits), Italy (100 grain splits), Taiwan (100 unsplit), and Hong Kong (100 grain splits). Exports of 144,000 wet blues for 2018 were up 34 percent from the previous week and 15 percent from the prior 4-week average. The primary destinations were China (55,600 unsplit), Vietnam (24,900 unsplit), Thailand (14,600 grain splits and 6,300 unsplit), Italy (16,000 unsplit), and Mexico (10,700 grain splits and 1,100 unsplit). Net sales splits totaling 599,500 pounds for 2018 were up noticeably from the previous week and up 12 percent from the prior 4-week average. The destination was Vietnam. Exports of 160,000 pounds were down 64 percent from the previous week and 57 percent from the prior 4-week average. The destination was Vietnam.
Beef: Net sales of 4,700 MT for 2018–a marketing-year low–were down 65 percent from the previous week and 69 percent from the prior 4-week average. Increases were primarily for South Korea (2,900 MT, including decreases of 1,400 MT), Canada (1,200 MT, including decreases of 100 MT), Mexico (900 MT, including decreases of 100 MT), Vietnam (800 MT), and Hong Kong (800 MT, including decreases of 200 MT). Reductions were reported for Japan (3,900 MT). For 2019, net sales of 200 MT were reported for South Korea (100 MT) and Japan (100 MT). Exports of 17,900 MT were down 9 percent from the previous, but unchanged from the prior 4-week average. The primary destinations were Japan (6,500 MT), South Korea (4,900 MT), Mexico (2,000 MT), Taiwan (1,100 MT), and Hong Kong (1,100 MT).
Pork: Net sales of 21,100 MT for 2018 were up 7 percent from the previous week and 21 percent from the prior 4-week average. Increases were reported for Mexico (6,400 MT), South Korea (4,500 MT), Japan (3,900 MT), Canada (2,600 MT), and Australia (2,000 MT). For 2019, net sales of 600 MT were reported for South Korea. Exports of 18,100 MT were down 3 percent from the previous week, but unchanged from the prior 4-week average. The primary destinations were Mexico (6,500 MT), Japan (3,900 MT), South Korea (2,200 MT), Canada (1,500 MT), and Hong Kong (900 MT).
July 26, 2018 1 FOREIGN AGRICULTURAL SERVICE/USDA
SUMMARY OF EXPORT TRANSACTION
REPORTED UNDER THE DAILY REPORTING SYSTEM
FOR PERIOD ENDING JULY 19, 2018
COMMODITY DESTINATION QUANTITY MARKETING YEAR
SOYBEANS PAKISTAN 199,500 MT 1/ 2018/2019
SOYBEANS CHINA 165,000 MT 2/ 2018/2019
1/ Export sales.
2/ Cancellation of optional origin sales. An optional origin contract provides that the origin of the commodity may be the U.S. or one or more
other exporting countries.
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International │190 S LaSalle St., Suite 410│Chicago, IL 60603
W: 312.604.1366
AIM: fi_treilly
ICE IM: treilly1
Skype: fi.treilly
Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions. Futures International, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results.
Expsalest-FI_NEW072618.pdf