FW: FI Weekly USDA Export Sales Snapshot 08/02/18

PDF attached

 

Soybean export sales slipped from the previous week as importers backed off committing to 2017-18 delivery.

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 7/26/2018

 

 

	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	72.4	984.0	1,393.1	107.8	792.8	2,121.2	0.0	0.0
SRW	39.5	490.3	674.0	23.4	417.4	401.5	0.0	0.0
HRS	132.1	1,390.3	1,427.5	155.9	918.2	1,213.7	0.0	0.0
WHITE	159.7	1,198.8	1,628.3	80.4	841.0	1,000.7	0.0	0.0
DURUM	-21.3	136.3	126.9	19.2	27.7	76.3	0.0	0.0
TOTAL	382.5	4,199.6	5,249.8	386.6	2,997.1	4,813.4	0.0	0.0
BARLEY	0.0	39.0	30.9	1.4	9.9	5.4	0.0	0.0
CORN	292.0	8,604.6	5,040.0	1,624.6	50,762.4	51,318.7	986.1	7,156.0
SORGHUM	0.1	129.2	383.6	41.4	4,916.5	4,450.0	0.0	0.0
SOYBEANS	93.7	5,763.6	5,964.5	856.4	52,369.6	54,720.8	543.3	10,373.5
SOY MEAL	79.0	1,842.1	1,567.9	247.7	10,079.7	8,574.2	57.3	679.0
SOY OIL	14.2	156.9	81.7	18.4	859.2	970.9	1.3	39.1
RICE
L G RGH	1.4	77.3	121.5	24.2	1,210.2	1,343.7	11.9	79.6
M S RGH	0.0	0.0	9.9	0.0	52.7	186.4	0.0	0.0
L G BRN	0.1	1.5	1.0	0.3	16.5	25.5	0.0	0.0
M&S BR	0.1	0.5	4.2	0.1	66.9	188.6	0.0	0.0
L G MLD	3.3	60.9	141.7	3.0	900.5	901.6	0.3	5.9
M S MLD	2.4	91.7	28.6	4.4	531.9	824.8	0.0	1.3
TOTAL	7.3	231.8	306.9	32.0	2,778.7	3,470.6	12.2	86.8
COTTON		THOUSAND RUNNING BALES
UPLAND	19.6	1,782.9	851.9	259.1	14,557.8	13,720.9	261.2	6,540.8
PIMA	2.6	40.3	43.0	6.2	608.1	590.0	0.9	172.3

 

 Export Sales Highlights 

This summary is based on reports from exporters for the period July 20-26, 2018.

Wheat:  Net sales of 382,500 MT for 2018/2019 were down 1 percent from the previous week, but up 21 percent from the prior 4-week average.  Increases were reported for Taiwan (104,900 MT), the Philippines (104,500 MT, including 31,500 MT switched from unknown destinations and decreases of 16,700 MT), Indonesia (70,000 MT), Sri Lanka (60,000 MT), and Mexico (30,700 MT, including decreases of 2,800 MT).   Reductions were reported for unknown destinations (32,900 MT) and Algeria (22,800 MT).  Exports of 386,600 MT were down 6 percent from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to the Philippines (121,300 MT), Thailand (56,400 MT), Nigeria (45,000 MT), Taiwan (44,900 MT), and Mexico (32,900 MT). 

Corn:  Net sales of 292,000 MT for 2017/2018 were down 14 percent from the previous week and 36 percent from the prior 4-week average.  Increases were reported for Japan (126,400 MT, including 96,300 MT switched from unknown destinations and decreases of 31,300 MT), Taiwan (78,600 MT, including 66,000 MT switched from unknown destinations and decreases of 900 MT), South Korea (73,800 MT, including decreases of 3,100 MT), Mexico (53,700 MT, including 26,000 MT switched from unknown destinations and decreases of 34,300 MT), and Colombia (52,300 MT, including 50,000 MT switched from unknown destinations and decreases of 2,100 MT).   Reductions were primarily for unknown destinations (144,300 MT).  For 2018/2019, net sales of 986,100 MT were reported for unknown destinations (372,500 MT), Mexico (286,100 MT), Japan (106,000 MT), Saudi Arabia (70,000 MT), and South Korea (69,000 MT).  Exports of 1,624,600 MT were up 27 percent from the previous week and 18 percent from the prior 4-week average.  The destinations were primarily to Japan (405,600 MT), Mexico (349,000 MT), South Korea (281,800 MT), Taiwan (160,800 MT), and Colombia (111,100 MT). 

Optional Origin Sales:  For 2017/2018, options were exercised to export 68,000 MT to South Korea from the United States.  The current optional origin outstanding balance of 70,000 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 1,400 MT were to Japan.

Sorghum:  Net sales of 100 MT for 2017/2018 resulted as increases for Eritrea (30,000 MT, switched from unknown destinations) and Japan (11,000 MT, including 10,900 MT switched from unknown destinations), were partially offset by reductions for unknown destinations (40,900 MT).  Exports of 41,400 MT were to Eritrea (30,000 MT), Japan (11,000 MT), and Mexico (400 MT).  

Rice:  Net sales of 7,300 MT for 2017/2018 were up 18 percent from the previous week, but down 69 percent from the prior 4-week average.  Increases were reported for Canada (3,000 MT), Mexico (1,900 MT), Colombia (700 MT), Turkey (500 MT), and Honduras (300 MT, including decreases of 200 MT).  For 2018/2019, net sales of 12,200 MT were reported for Honduras (10,200 MT), El Salvador (1,700 MT), and Liberia (300 MT).  Exports of 32,000 MT were up 38 percent from the previous week, but down 4 percent from the prior 4-week average.  The destinations were primarily to Mexico (22,400 MT), Honduras (2,800 MT), Canada (2,500 MT), Japan (1,700 MT), and Jordan (900 MT). 

Export for Own Account:  The current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales of 93,700 MT for 2017/2018 were down 76 percent from the previous week and 71 percent from the prior 4-week average.  Increases were reported for Germany (143,300 MT), Pakistan (68,500 MT, including 65,000 MT switched from unknown destinations), the Netherlands (66,600 MT, including 66,000 MT switched from unknown destinations), South Korea (60,000 MT, including 56,000 MT switched from unknown destinations), and Tunisia (33,000 MT, including 30,000 MT switched from unknown destinations).  Reductions were for unknown destinations (316,200 MT) and China (120,000 MT).  For 2018/2019, net sales of 543,300 MT were reported for unknown destinations (411,600 MT), Switzerland (60,000 MT), and Japan (30,000 MT).  Exports of 856,400 MT were up 26 percent from the previous week and 18 percent from the prior 4-week average.  The destinations included Germany (143,300 MT), Taiwan (86,400 MT), Japan (72,100 MT), Mexico (71,600 MT), and Pakistan (68,500 MT). 

Optional Origin Sales: For 2017/2018, the current optional origin outstanding balance of 66,000 MT is for unknown destinations.  For 2018/2019, the current outstanding balance of 63,000 MT is for unknown destinations.

Export for Own Account:  The current exports for own account outstanding balance is 130,900 MT, all Canada.

Export Adjustment: Accumulated exports of soybeans to the Netherlands were adjusted down 143,308 MT for week ending July 19^th.  The correct destination for this shipment is Germany and is included in this week’s report.

Soybean Cake and Meal:  Net sales of 79,000 MT for 2017/2018 were down 53 percent from the previous week and 32 percent from the prior 4-week average.  Increases were reported for Mexico (25,500 MT), Morocco (21,200 MT), the Dominican Republic (8,100 MT), Nicaragua (6,000 MT, including 3,500 MT switched from Honduras, 1,500 MT switched from Costa Rica, and 300 MT switched from El Salvador), and Canada (5,500 MT, including decreases of 3,400 MT).  Reductions were reported for Guatemala (6,500 MT), El Salvador (2,100 MT), and Costa Rica (1,800 MT).  For 2018/2019, net sales of 57,300 MT were primarily for Mexico (50,900 MT), Honduras (5,000 MT), and Guatemala (1,000 MT).  Exports of 247,700 MT were up 15 percent from the previous week and 3 percent from the prior 4-week average.  The primary destinations were the Philippines (90,700 MT), Colombia (24,400 MT), Mexico (24,300 MT), the Dominican Republic (19,500 MT), and Panama (17,600 MT). 

Soybean Oil:  Net sales of 14,200 MT for 2017/2018 were up noticeably from the previous week, but down 20 percent from the prior 4-week average.  Increases were primarily for South Korea (12,300 MT, switched from unknown destinations), Peru (9,200 MT), and Mexico (3,700 MT).  For 2018/2019, net sales of 1,300 MT were reported for Mexico.  Exports of 18,400 MT were down 37 percent from the previous week and 18 percent from the prior 4-week average.  The primary destinations were South Korea (14,000 MT), Colombia (2,200 MT), and Mexico (1,600 MT). 

Cotton:  Net sales of 19,600 running bales for 2017/2018 were up noticeably from the previous week, but down 49 percent from the prior 4-week average.  Increases reported for China (6,500 RB), South Korea (5,000 RB), Taiwan (3,400 RB), Pakistan (2,300 RB, including decreases of 100 RB), and India (1,300 RB, including decreases of 600 RB).  For 2018/2019, net sales of 261,200 RB reported for Vietnam (128,500 RB), Pakistan (25,300 RB), South Korea (23,800 RB), Colombia (22,700 RB), and Mexico (16,700 RB), were partially offset by reductions for India (1,600 RB) and China (1,300 RB).  Exports of 259,100 RB were down 12 percent from the previous week and 13 percent from the prior 4-week average.  The primary destinations were Vietnam (59,500 RB), Indonesia (42,200 RB), Turkey (38,500 RB), China (28,100 RB), and Thailand (15,400 RB).  Net sales of Pima totaling 2,600 RB for 2017/2018 were down 56 percent from the previous week, but up 9 percent the prior 4-week average.  Increases were reported for Turkey (1,300 RB) and Pakistan (1,000 RB).  Reductions were reported for South Korea (300 RB) and Honduras (200 RB).  For 2018/2019, net sales of 900 RB were reported for Pakistan (400 RB), India (200 RB), and Italy (200 RB).  Exports of 6,200 RB were down 66 percent from the previous week and 59 percent from the prior 4-week average.  The primary destinations were India (2,100 RB), China (2,000 RB), Vietnam (1,300 RB). 

Optional Origin Sales:  For 2017/2018, options were exercised to export 100 RB to Indonesia from the United States.  The current optional origin outstanding balance is 4,400 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 350,500 pieces reported for 2018, all whole cattle hides, were up 6 percent from the previous week, but down 1 percent from the prior 4-week average.  Increases were for China (188,900 pieces, including decreases of 11,700 pieces), South Korea (69,600 pieces, including decreases of 700 pieces), Thailand (54,900 pieces, including decreases of 5,800 pieces), Mexico (20,200 pieces, including decreases of 100 pieces), and Brazil (14,900 pieces, including decreases of 200 pieces).  Reductions were reported for Taiwan (2,100 pieces), Japan (300 pieces), and Slovenia (100 pieces).  Exports of 344,900 pieces, all whole cattle hides, were down 3 percent from the previous week and 6 percent from the prior 4-week average.  The primary destinations were China (176,500 pieces), South Korea (61,300 pieces), Thailand (58,400 pieces), Mexico (24,600 pieces), and Japan (6,600 pieces). 

Net sales of 8,900 wet blues for 2018 were down 96 percent from the previous week and 93 percent from the prior 4-week average.  Increases were reported for Italy (7,200 unsplit), Thailand (2,700 unsplit), Taiwan (2,200 unsplit), India (1,100 unsplit), and South Korea (100 grain splits).  Reductions were reported for Italy (2,600 grain splits), China (1,400 unsplit), Mexico (300 grain splits), and the Dominican Republic (100 unsplit).  Exports of 86,800 wet blues for 2018 were down 40 percent from the previous week and 33 percent from the prior 4-week average.  The primary destinations were Italy (35,300 unsplit and 4,100 grain splits), China (10,900 unsplit), Thailand (8,300 unsplit and 2,600 grain splits), and Taiwan (9,400 unsplit).  Net sales of splits totaling 426,100 pounds for 2018 were down 29 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were Vietnam (227,300 pounds) and China (198,700 pounds).  Exports of 377,100 pounds were up noticeably from the previous week and up 33 percent from the prior 4-week average.  The destinations were Vietnam (327,100 pounds) and China (50,000 pounds).

Beef: Net sales of 16,200 MT for 2018 were up noticeably from the previous week and up 36 percent from the prior 4-week average.  Increases were primarily for Japan (6,500 MT, including decreases of 700 MT), Hong Kong (2,700 MT, including decreases of 100 MT), South Korea (2,000 MT, including decreases of 500 MT), Mexico (1,700 MT, including decreases of 100 MT), and Canada (1,200 MT, including decreases of 100 MT).  For 2019, net sales of 1,400 MT were reported for Mexico.  Exports of 18,800 MT were up 5 percent from the previous and from the prior 4-week average.  The primary destinations were Japan (7,200 MT), South Korea (4,900 MT), Mexico (1,800 MT), Taiwan (1,400 MT), and Hong Kong (1,200 MT).

Pork: Net sales of 35,700 MT for 2018 were up 69 percent from the previous week and up noticeably from the prior 4-week average.  Increases were reported for Mexico (16,300 MT), Hong Kong (6,600 MT), Australia (3,500 MT), Japan (3,000 MT), and Canada (2,100 MT).  Reductions were reported for Chile (100 MT).  For 2019, net sales of 500 MT were reported for South Korea.  Exports of 21,200 MT were up 17 percent from the previous week and 12 percent from the prior 4-week average.  The primary destinations were Mexico (8,200 MT), Japan (4,200 MT), South Korea (1,900 MT), Canada (1,900 MT), and Chile (1,000 MT).

August 2, 2018                                    1                                  FOREIGN AGRICULTURAL SERVICE/USDA

 

                                                                                                     SUMMARY OF EXPORT TRANSACTION

                                                                                          REPORTED UNDER THE DAILY REPORTING SYSTEM                                                        

                                                                                                         FOR PERIOD ENDING JULY 26, 2018

 

                                   COMMODITY                                      DESTINATION                               QUANTITY                    MARKETING YEAR

                                                                      

    CORN                                                   UNKNOWN                                    270,000  MT 1/                 2018/2019

    SOYBEANS                                         UNKNOWN                                    154,100  MT 1/                 2018/2019

                             

                                    1/ Export sales.