From: Terry Reilly
Sent: Thursday, September 13, 2018 7:39:15 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI Weekly USDA Export Sales Snapshot 09/13/18

No PDF this week

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 9/6/2018

 

 

 

 

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

WHEAT

THOUSAND METRIC TONS      

   HRW    

195.3

1,449.0

1,685.1

160.9

1,448.0

3,148.3

0.0

0.0

   SRW    

22.5

541.1

547.5

33.0

673.1

711.1

0.0

0.0

   HRS     

92.3

1,303.8

1,351.3

101.9

1,629.3

2,057.8

0.0

0.0

   WHITE   

52.0

881.3

1,283.3

113.9

1,547.8

1,763.4

0.0

0.0

   DURUM  

25.4

179.3

98.9

19.4

86.2

129.0

0.0

0.0

     TOTAL

387.6

4,354.4

4,966.1

429.1

5,384.4

7,809.6

0.0

0.0

BARLEY

1.0

40.7

28.0

0.4

12.7

8.3

0.0

0.0

CORN

774.2

14,444.2

9,788.4

727.2

727.2

714.6

0.0

71.1

SORGHUM

0.0

44.6

1,034.3

1.0

1.0

51.3

0.0

0.0

SOYBEANS

693.5

16,119.0

15,842.3

895.8

895.8

1,151.5

0.0

0.0

SOY MEAL

34.9

1,177.2

934.0

206.3

11,356.8

9,556.3

188.3

1,933.4

SOY OIL

4.7

93.0

70.2

1.7

969.0

1,059.0

5.2

47.0

RICE

 

 

 

 

 

 

 

 

   L G RGH

21.2

190.8

131.8

30.8

112.6

146.4

0.0

0.0

   M S RGH

3.0

3.0

11.5

0.0

0.0

0.0

0.0

0.0

   L G BRN

0.1

5.3

1.2

0.1

1.8

0.6

0.0

0.0

   M&S BR

0.0

0.1

4.1

0.1

0.5

0.2

0.0

0.0

   L G MLD

1.6

96.4

221.0

19.1

97.3

45.5

0.0

0.0

   M S MLD

1.1

18.6

34.2

28.6

69.1

30.0

0.0

0.0

     TOTAL

27.0

314.2

403.9

78.8

281.3

222.7

0.0

0.0

COTTON

 

THOUSAND RUNNING BALES      

 

   UPLAND

81.7

7,908.9

5,854.1

135.7

926.5

965.3

17.7

1,388.0

   PIMA

5.8

230.5

198.0

2.8

33.6

19.3

0.0

24.9

 

FINAL 2017/18 MARKETING YEAR

COMMODITY

NET SALES

CARRYOVER

SALES 1/

08/31/2018

EXPORTS

ACCUMULATED

EXPORTS

CORN

-171.6

2,926.2

264.3

57,473.7

SORGHUM

0.0

5.4

0.5

5,080.9

SOYBEANS

14.6

2,430.9

242.5

56,381.0

 

 

 

 

 

Export Sales Highlights

This summary is based on reports from exporters for the period August 31-September 6, 2018.

Wheat:  Net sales of 387,600 MT for 2018/2019 were up 2 percent from the previous week, but down 16 percent from the prior 4-week average.  Increases were reported for Taiwan (112,500 MT), Mexico (37,000 MT, including decreases of 7,000 MT), Italy (31,700 MT), Nigeria (31,400 MT), and Algeria (30,000 MT).  Reductions were for unknown destinations (75,700 MT).  Exports of 429,100 MT were up 50 percent from the previous week and 6 percent from the prior 4-week average.  The destinations were primarily to Sri Lanka (65,700 MT), Thailand (55,100 MT), Nigeria (46,400 MT), Japan (45,700 MT), and Taiwan (42,400 MT). 

Corn:  Net sales for the 2018/2019 marketing year, which began September 1, totaled 774,200 MT.  Increases were reported for Mexico (218,400 MT, including decreases of 27,900 MT), Colombia (166,600 MT, including 54,800 MT switched from unknown destinations), Japan (128,300 MT, including decreases of 3,100 MT), Peru (113,000 MT, including 50,000 MT switched from unknown destinations and decreases of 1,000 MT), and Taiwan (38,900 MT, including 35,000 MT switched from unknown destinations).  A total of 2,926,200 MT in sales were carried over from the 2017/2018 marketing year, which ended Aug 31.  Exports for the period ending Aug 31 of 264,300 MT brought accumulated exports to 57,473,700 MT, up 4 percent from the prior year’s total of 55,394,800 MT.  The primary destinations were Colombia (104,900 MT), Mexico (50,100 MT), Peru (45,200 MT), Guatemala (25,400 MT), and El Salvador (11,700 MT).  Exports for September 1-6 totaled 727,200 MT, with Japan (243,700 MT) and Mexico (226,700 MT) being the primary destinations.

Optional Origin Sales:  For 2018/2019, the current outstanding balance of 965,000 MT is for South Korea (412,000 MT), unknown destinations (298,000 MT), Vietnam (130,000 MT), Saudi Arabia (70,000 MT), and Malaysia (55,000 MT).

Barley:  Net sales of 1,000 MT for 2018/2019 were for Taiwan.  Exports of 400 MT were to the Philippines (200 MT), Taiwan (100 MT), and Japan (100 MT).

Sorghum:  No net sales were reported for 2018/2019, which began September 1.  A total of 5,400 MT in sales were carried over the 2017/2018 marketing year, which ended August 31.  Exports for period ending August 31 were to Mexico (500 MT).  Accumulated exports in 2017/2018 totaled 5,080,900 MT, up 5 percent from the prior year’s total of 4,830,300 MT.  Exports for September 1-6 totaled 1,000 MT, with Mexico being the destination.

Rice:  Net sales of 27,000 MT for 2018/2019 were reported for Mexico (13,800 MT), Honduras (8,700 MT), El Salvador (3,000 MT), Ghana (1,100 MT), and Canada (900 MT).  Reductions were reported for Libya (2,500 MT).  Exports of 78,800 MT–a marketing-year high–were up noticeably from the previous week and up 81 percent from the prior 4-week average.  The destinations were primarily to Japan (26,000 MT), Colombia (17,500 MT), Haiti (16,100 MT), Honduras (12,200 MT), and Mexico (1,900 MT).

Soybeans:  Net sales for the 2018/2019 marketing year, which began September 1, totaled 693,500 MT.  Increases were reported for Egypt (196,300 MT, including 66,000 MT switched from unknown destinations and 60,000 MT switched from Iran), Japan (87,000 MT, including 63,000 MT switched from unknown destinations and decreases of 1,700 MT), Iran (76,200 MT), the Netherlands (70,500 MT, including 66,000 MT switched from unknown destinations), and Pakistan (69,100 MT, including 65,000 MT switched from unknown destinations).  Reductions were reported for unknown destinations (173,000 MT).  A total of 2,430,900 MT in sales were carried over from the 2017/2018 marketing year, which ended Aug 31.  Exports for the period ending Aug 31 of 242,500 MT brought accumulated exports to 56,381,000 MT, down 3 percent from the prior year’s total of 58,117,600 MT.  The primary destinations were Germany (75,900 MT), China (66,000 MT), Portugal (50,000 MT), Colombia (17,300 MT), and Indonesia (10,500 MT).  Exports for September 1-6 totaled 895,800 MT, with Egypt (136,300 MT), Iran (136,200 MT), Japan (82,900 MT), the Netherlands (70,500 MT), and Vietnam (69,800 MT) being the primary destinations.

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

Export for Own Account:  For 2017/2018, decrease in exports for own account of 69,300 MT were reported for Canada.  For 2018/2019, exports for own account totaling 61,600 MT were carried over from the 2017/2018 marketing year, which ended August 31.  The current exports for own account outstanding balance is 61,600 MT, all Canada.

Soybean Cake and Meal:  Net sales of 34,900 MT for 2017/2018 were down 50 percent from the previous week and 70 percent from the prior 4-week average.  Increases were reported for Colombia (19,400 MT, including 10,300 MT switched from unknown destinations), Mexico (11,500 MT), Canada (8,500 MT), Burma (3,000 MT), and the Philippines (2,400 MT, including decreases of 100 MT).  Reductions were reported for unknown destinations (10,400 MT) and the Dominican Republic (6,800 MT).  For 2018/2019, net sales of 188,300 MT reported for Ecuador (60,000 MT), Mexico (41,100 MT), Colombia (33,400 MT), and unknown destinations (13,200 MT), were partially offset by reductions for Guatemala (400 MT).  Exports of 206,300 MT were up 24 percent from the previous week and 1 percent from the prior 4-week average.  The primary destinations were the Philippines (50,600 MT), Mexico (45,300 MT), Colombia (31,000 MT), Guatemala (21,600 MT), and Canada (21,200 MT).

Soybean Oil:  Net sales of 4,700 MT for 2017/2018 were up noticeably from the previous week, but down noticeably from the prior 4-week average.  Increases were reported for Jamaica (3,500 MT), Mexico (500 MT), and the Dominican Republic (500 MT).  For 2018/2019, net sales of 5,200 MT were reported for the Dominican Republic (2,700 MT) and Colombia (2,500 MT).  Exports of 1,700 MT were down 96 percent from the previous week and 92 percent from the prior 4-week average.  The primary destination was Mexico (1,400 MT).

Cotton:  Net sales of 81,700 RB for 2018/2019 were down 11 percent from the previous week and 36 percent from the prior 4-week average.  Increases were reported for Mexico (22,300 RB), Indonesia (13,800 RB, including decreases of 100 RB), Vietnam (13,500 RB, including 1,500 RB switched from Hong Kong and 900 RB switched from Taiwan), and Taiwan (10,500 RB).  Reductions were reported for Japan (3,800 RB), Hong Kong (1,500 RB), and China (1,300 RB).  For 2019/2020, net sales of 17,700 RB were reported for Thailand (8,400 RB), Mexico (7,100 RB), and Indonesia (2,200 RB).  Exports of 135,700 RB were down 24 percent from the previous week and 27 percent from the prior 4-week average.  Exports were reported primarily to Vietnam (33,300 RB), Pakistan (17,400 RB), Mexico (17,200 RB), China (16,500 RB), and Indonesia (15,400 RB).  Net sales of Pima totaling 5,800 RB for 2018/2019 were down 45 percent from the previous week and 26 percent from the prior 4-week average.  Increases were reported for India (2,400 RB), China (2,000 RB), and Peru (1,100 RB).  Exports of 2,800 RB were down 73 percent from the previous week and 55 percent from the prior 4-week average.  The primarily destinations were India (2,000 RB), Egypt (400 RB), and Bangladesh (300 RB). 

Optional Origin Sales:  For 2018/2019, the current optional origin outstanding balance is for Vietnam (1,800 RB).  

Exports for Own Account:  The current exports for own account outstanding balance is 7,400 RB, all China.

Hides and Skins: Net sales of 278,900 pieces reported for 2018, all whole cattle hides, were down 28 percent from the previous week and 27 percent from the prior 4-week average.  Increases were for China (181,400 pieces, including decreases of 11,500 pieces), South Korea (48,600 pieces, including decreases of 1,100 pieces), Mexico (24,600 pieces, including decreases of 100 pieces), Brazil (13,400 pieces, including decreases of 300 pieces), and Thailand (8,000 pieces, including decreases of 400 pieces).  Reductions were reported for Taiwan (600 pieces).  Exports of 278,800 pieces, all whole cattle hides, were down 46 percent from the previous week and 41 percent from the prior 4-week average.  Exports were primarily to China (145,500 pieces), South Korea (58,200 pieces), Mexico (21,900 pieces), Thailand (16,100 pieces), and Brazil (13,000 pieces). 

Net sales of 89,200 wet blues for 2018 were down 59 percent from the previous week and 36 percent from the prior 4-week average.  Increases were reported for China (42,400 unsplit and 11,400 grain splits), Vietnam (35,700 unsplit and 100 grain splits), and the Dominican Republic (5,400 unsplit).  Reductions were reported for Italy (3,000 unsplit and 200 grain splits), Taiwan (1,400 unsplit), and Mexico (900 grain splits).  Exports of 132,500 wet blues for 2018 were down 11 percent from the previous week and 15 percent from the prior 4-week average.  The primary destinations were Italy (38,100 unsplit and 5,400 grain splits), China (39,000 unsplit and 1,900 grain splits), Vietnam (18,400 unsplit), and the Dominican Republic (12,800 unsplit).  Net sales splits totaling 27,800 pounds for 2018 resulted as increases for China (50,000 pounds), were partially offset by reductions for Vietnam (22,200 pounds).  Exports of 642,900 pounds were up 60 percent from the previous week and 8 percent from the prior 4-week average.  The destinations were Vietnam (442,900 pounds) and South Korea (200,000 pounds).

Beef: Net sales of 10,800 MT for 2018 were down 55 percent from the previous week and 50 percent from the prior 4-week average.  Increases were primarily for Japan (3,400 MT, including decreases of 600 MT), South Korea (2,000 MT, including decreases of 300 MT), Mexico (1,700 MT, including decreases of 100 MT), Hong Kong (1,100 MT, including decreases of 100 MT), and Taiwan (900 MT, including decreases of 100 MT).  Exports of 15,700 MT were down 8 percent from the previous week and 9 percent from the prior 4-week average.  The primary destinations were Japan (5,100 MT), South Korea (3,900 MT), Mexico (1,700 MT), Taiwan (1,400 MT), and Hong Kong (1,200 MT).

Pork: Net sales of 18,700 MT for 2018 were down 2 percent from the previous week and 26 percent from the prior 4-week average.  Increases were reported for South Korea (6,100 MT), Japan (3,400 MT), Mexico (2,500 MT), Hong Kong (1,900 MT), and Colombia (1,700 MT).  Reductions were reported for the Philippines (600 MT).  For 2019, net sales of 300 MT were reported for Colombia (200 MT) and New Zealand (100 MT).  Exports of 18,700 MT were down 12 percent from the previous week and 11 percent from the prior 4-week average.  The primary destinations were Mexico (6,900 MT), Japan (3,000 MT), South Korea (2,600 MT), Canada (1,500 MT), and Hong Kong (1,400 MT).

September 13, 2018                                        1                                  FOREIGN AGRICULTURAL SERVICE/USDA

                                                                                                     SUMMARY OF EXPORT TRANSACTION

                                                                                          REPORTED UNDER THE DAILY REPORTING SYSTEM                                                        

                                                                                                         FOR PERIOD ENDING SEPTEMBER 6, 2018

 

                                   COMMODITY                                      DESTINATION                               QUANTITY                    MARKETING YEAR                                                               

   CORN                                                    MEXICO                                        101,736 MT 1/                 2018/2019

  

1/ Export sales.

 

 

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

treilly@futures-int.com

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly

 

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