FW: FI Weekly USDA Export Sales Snapshot 09/20/18

PDF attached

 

Soybeans better than expected although we don’t see Argentina in the summary text.

Soybean meal was on the lower end and soybean oil within expectations. Shipments of both products were ok.

US corn export sales of 1.384 million tons were above expectations.

US all-wheat export sales were within expectations.

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 9/13/2018

 

 

 

 

	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	67.8	1,396.4	1,531.7	120.4	1,568.4	3,359.8	0.0	0.0
SRW	46.5	553.3	552.2	34.2	707.3	737.3	0.0	0.0
HRS	154.3	1,349.2	1,335.7	109.0	1,738.3	2,196.1	0.0	0.0
WHITE	208.9	1,038.6	1,304.2	51.6	1,599.4	1,815.0	0.0	0.0
DURUM	-9.0	170.3	121.8	0.0	86.2	129.0	0.0	0.0
TOTAL	468.4	4,507.7	4,845.7	315.1	5,699.5	8,237.3	0.0	0.0
BARLEY	0.0	40.6	27.4	0.1	12.9	8.9	0.0	0.0
CORN	1,383.7	14,750.3	9,611.6	1,077.7	1,804.9	1,418.3	9.7	80.8
SORGHUM	20.2	63.1	1,014.0	1.7	2.6	123.5	0.0	0.0
SOYBEANS	917.6	16,235.6	17,235.6	800.9	1,696.7	2,096.4	80.0	80.0
SOY MEAL	59.6	1,012.5	804.9	224.2	11,581.0	9,710.6	77.8	2,011.2
SOY OIL	9.6	92.6	58.7	10.0	979.0	1,074.9	8.6	55.6
RICE
L G RGH	25.2	176.0	107.0	39.9	152.5	184.4	0.0	0.0
M S RGH	1.7	4.7	11.6	0.0	0.0	0.0	0.0	0.0
L G BRN	0.1	4.8	1.2	0.6	2.4	0.8	0.0	0.0
M&S BR	0.1	0.2	4.1	0.1	0.6	0.3	0.0	0.0
L G MLD	18.0	110.7	204.2	3.8	101.1	78.0	0.0	0.0
M S MLD	2.3	15.6	33.6	5.2	74.3	35.0	0.0	0.0
TOTAL	47.5	312.1	361.6	49.6	330.9	298.5	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	97.8	7,857.8	5,898.2	148.9	1,075.3	1,141.0	32.9	1,420.9
PIMA	3.3	225.1	250.9	8.7	42.3	24.9	0.4	25.3

 

 Export Sales Highlights

This summary is based on reports from exporters for the period September 7-13, 2018.

Wheat:  Net sales of 468,400 metric tons for 2018/2019 were up 21 percent from the previous week and 32 percent from the prior 4-week average.  Increases were reported for the Philippines (80,000 MT), Indonesia (70,000 MT), Vietnam (61,000 MT), Thailand (55,100 MT), and South Korea (48,600 MT, including decreases of 1,500 MT).  Reductions were for unknown destinations (27,200 MT), Costa Rica (4,000 MT), Peru (2,400 MT), and Honduras (1,900 MT).  Exports of 315,100 MT were down 27 percent from the previous week and 20 percent from the prior 4-week average.  The destinations were primarily to Japan (150,600 MT), Mexico (49,900 MT), Malaysia (43,500 MT), Ecuador (25,000 MT), and Honduras (17,700 MT). 

Corn:  Net sales of 1,383,700 MT for 2018/2019 were reported for Mexico (344,600 MT, including decreases of 100 MT), South Korea (204,300 MT), Peru (148,900 MT, including 72,600 MT switched from unknown destinations), Japan (145,200 MT, including 44,900 MT switched from unknown destinations), and Costa Rica (135,900 MT, including decreases of 3,000 MT).  For 2019/2020, net sales of 9,700 MT were reported for Mexico.  Reductions were reported for El Salvador (9,000 MT) and Israel (700 MT).  Exports of 1,077,700 MT were primarily to Mexico (398,900 MT), Japan (96,000 MT), Taiwan (86,900 MT), Saudi Arabia (73,800 MT), and Colombia (73,300 MT). 

Optional Origin Sales:  For 2018/2019, new optional origin sales were reported for South Korea (69,000 MT) and unknown destinations (55,000 MT).  The current outstanding balance of 1,089,000 MT is for South Korea (481,000 MT), unknown destinations (353,000 MT), Vietnam (130,000 MT), Saudi Arabia (70,000 MT), and Malaysia (55,000 MT).

Barley:  No sales were reported during the week.  Exports 100 MT reported were to Taiwan.

Sorghum:  Net sales of 20,200 MT for 2018/2019 were reported for unknown destinations (10,200 MT) and Japan (10,000 MT).  Exports of 1,700 MT were reported to Mexico.

Rice:  Net sales of 47,500 MT for 2018/2019 were primarily reported for Haiti (15,300 MT), Mexico (12,300 MT), Honduras (9,000 MT), El Salvador (6,100 MT), and Canada (1,900 MT).  Exports of 49,600 MT were primarily to Mexico (26,800 MT), Guatemala (6,200 MT), Honduras (6,200 MT), Canada (2,700 MT), and Jordan (1,900 MT).

Soybeans:  Net sales of 917,600 MT for 2018/2019 were reported for Mexico (165,600 MT, including decreases of 1,300 MT), Indonesia (90,500 MT, including 83,600 MT switched from unknown destination and decreases of 1,400 MT), Costa Rica (70,300 MT), Spain (66,900 MT, including 65,000 MT switched from unknown destinations and decreases of 200 MT), and Iran (66,500 MT, including 65,000 MT switched from unknown destinations).   Reductions were reported for unknown destinations (28,000 MT) and China (4,000 MT).  Exports of 800,900 MT were primarily to Mexico (140,900 MT), Spain (126,900 MT), Indonesia (119,600 MT), Iran (66,500 MT), and the Netherlands (65,200 MT). 

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

Export for Own Account:  The current export for own account outstanding balance is 61,600 MT, all Canada.

Soybean Cake and Meal:  Net sales of 59,600 MT for 2017/2018 were up 71 percent from the previous week, but down 19 percent from the prior 4-week average.  Increases were reported for Canada (12,300 MT), unknown destinations (10,300 MT), Indonesia (9,700 MT, including decreases of 100 MT), Colombia (9,600 MT, including 8,000 MT switched from unknown destinations and decreases of 800 MT), and Guatemala (5,700 MT, all switched from unknown destinations).  Reductions were reported for El Salvador (1,700 MT) and Honduras (1,600 MT).  For 2018/2019, net sales of 77,800 MT reported for the United Kingdom (30,000 MT), the Dominican Republic (16,000 MT), Israel (16,000 MT), Peru (15,000 MT), and Canada (10,800 MT), were partially offset by reductions for unknown destinations (13,200 MT) and Panama (9,600 MT).  Exports of 224,200 MT were up 9 percent from the previous week and 11 percent from the prior 4-week average.  The primary destinations were Mexico (53,300 MT), the Philippines (50,600 MT), Guatemala (24,100 MT), Canada (20,600 MT), and Colombia (20,400 MT).  

Soybean Oil:  Net sales of 9,600 MT for 2017/2018 were up noticeably from the previous week and 27 percent from the prior 4-week average.  Increases were reported for Guatemala (6,000 MT), Mexico (3,300 MT), and Canada (200 MT).   For 2018/2019, net sales of 8,600 MT were reported for the Dominican Republic (5,900 MT) and Mexico (2,700 MT).  Exports of 10,000 MT were up noticeably from the previous week, but down 43 percent from the prior 4-week average.  The primary destinations were the Dominican Republic (4,500 MT), Colombia (2,500 MT), and Mexico (2,300 MT). 

Cotton:  Net sales of 97,800 RB for 2018/2019 were up 20 percent from the previous week, but down 24 percent from the prior 4-week average.  Increases were reported for Vietnam (25,500 RB, including 900 RB switched from Taiwan), Mexico (18,500 RB), Pakistan (15,300 RB), Bangladesh (13,100 RB, including decreases of 100 RB), and Thailand (8,700 RB).  Reductions were reported for Taiwan (900 RB).  For 2019/2020, net sales of 32,900 RB were reported for Thailand (23,300 RB), Mexico (8,400 RB), Guatemala (800 RB), and China (400 RB).  Exports of 148,900 RB were up 10 percent from the previous week, but down 7 percent from the prior 4-week average.  Exports were reported primarily to Vietnam (43,700 RB), Indonesia (19,200 RB), China (16,200 RB), Mexico (16,100 RB), and Pakistan (8,800 RB).  Net sales of Pima totaling 3,300 RB for 2018/2019 were down 42 percent from the previous week and 61 percent from the prior 4-week average.  Increases reported for Peru (1,800 RB), India (800 RB), China (600 RB), and Vietnam (300 RB, switched from Japan), were partially offset by reductions for Japan (300 RB).  For 2019/2020, net sales of 400 RB were reported for Peru.  Exports of 8,700 RB were up noticeably from the previous week and 50 percent from the prior 4-week average.  The primarily destinations were India (3,500 RB), Thailand (2,400 RB), and Pakistan (1,200 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 591,300 pieces reported for 2018 were up noticeably from the previous week and up 62 percent from the prior 4-week average.  Whole cattle hide sales totaling 543,100 pieces were primarily for China (320,000 pieces, including decreases of 22,800 pieces), South Korea (172,900 pieces, including decreases of 4,200 pieces), Mexico (25,100 pieces, including decreases of 2,700 pieces), Taiwan (8,200 pieces, including decreases of 300 pieces), and Thailand (6,400 pieces, including decreases of 9,000 pieces).  Reductions were reported for Vietnam (200 pieces).  Exports of 488,900 pieces reported for 2018 were up 75 percent from the previous week and 12 percent from the prior 4-week average.  Whole cattle hide exports of 483,600 pieces were primarily to China (232,500 pieces), South Korea (123,300 pieces), Mexico (55,600 pieces), Thailand (31,600 pieces), and Indonesia (14,600 pieces).

Net sales of 46,800 wet blues for 2018 were down 48 percent from the previous week and 62 percent from the prior 4-week average.  Increases were reported for Taiwan (15,200 unsplit), Thailand (9,600 unsplit), Italy (8,100 unsplit), and Hong Kong (3,400 grain splits).  Reductions were reported for Mexico (600 grain splits).  Exports of 132,100 wet blues for 2018 were unchanged from the previous week, but down 3 percent from the prior 4-week average.  The primary destinations were Italy (43,900 unsplit and 16,700 grain splits), China (26,000 unsplit), Mexico (8,100 unsplit and 7,700 grain splits), and Vietnam (15,200 unsplit).  Net sales of splits totaling 361,800 pounds for 2018 were reported for Vietnam.  Exports of 406,900 pounds for 2018 were down 37 percent from the previous week and 30 percent from the prior 4-week average.  The destinations were Vietnam (308,900 pounds) and China (98,000 pounds).

Beef: Net sales of 15,900 MT reported for 2018 were up 47 percent from the previous week, but down 16 percent from the prior 4-week average.  Increases were reported for Mexico (3,600 MT, including decreases of 100 MT), Hong Kong (3,000 MT, including decreases of 200 MT), South Korea (2,900 MT, including decreases of 300 MT), Japan (2,500 MT, including decreases of 1,200 MT), and Taiwan (1,600 MT).  For 2019, net sales of 300 MT were reported for Japan (200 MT) and Taiwan (200MT).  Exports of 17,300 MT were up 10 percent from the previous week and 3 percent from the prior 4-week average.  The primary destinations were Japan (5,500 MT), South Korea (4,200 MT), Hong Kong (1,800 MT), Mexico (1,800 MT), and Taiwan (1,300 MT).

Pork:  Net sales of 22,900 MT reported for 2018 were up 22 percent from the previous week, but down 2 percent from the prior 4-week average.  Increases were reported primarily for Mexico (7,700 MT), Colombia (4,000 MT), South Korea (3,000 MT), Japan (2,700 MT), and Hong Kong (2,000 MT).  For 2019, net sales of 2,500 MT were reported for Australia (2,400 MT) and South Korea (100 MT).  Exports of 20,800 MT were up 11 percent from the previous week and unchanged from the prior 4-week average.  The destinations were primarily Mexico (8,700 MT), Japan (3,900 MT), Hong Kong (1,600 MT), South Korea (1,600 MT), and Canada (1,500 MT).

September 20, 2018                                        1                                  FOREIGN AGRICULTURAL SERVICE/USDA

 

                                                                                          REPORTED UNDER THE DAILY REPORTING SYSTEM                                                        

                                                                                                         FOR PERIOD ENDING SEPTEMBER 13, 2018

 

                                   COMMODITY                                      DESTINATION                               QUANTITY                    MARKETING YEAR                                                               

   CORN                                                   SOUTH KOREA                              138,000 MT 1/                 2018/2019

   CORN                                                   COSTA RICA                                  142,876 MT 1/                 2018/2019

   SOYBEANS                                         MEXICO                                          108,010 MT 1/                 2018/2019

   SOYBEANS                                         UNKNOWN                                     172,000 MT 1/                 2018/2019

   SOYBEANS                                         UNKNOWN                                     192,000 MT 2/                 2018/2019

   SOYBEANS                                         UNKNOWN                                       80,000 MT 1/                 2019/2020 

 

  

1/ Export sales.

2/ Cancellations of export sales.