FW: FI Weekly USDA Export Sales Snapshot 10/04/18

PDF attached

 

Good export sales for meal, soybeans and corn.

Soybean export sales included 730,400 tons for Mexico and 96,000 tons for Argentina.

New-crop soybean meal export sales of 411,700 tons included nearly 200,000 tons for unknown.

Corn export sales of 1.431 million tons included 527,400 tons for Mexico and 199,700 tons for Canada.

All-wheat export sales were ok at 435,300 tons.

 

 

 

                                       U.S. EXPORT SALES FOR WEEK ENDING 9/27/2018

	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	151.7	1,446.8	1,448.2	89.7	1,845.3	3,793.7	0.0	0.0
SRW	54.3	659.2	536.2	30.6	752.3	828.6	0.0	0.0
HRS	77.9	1,400.1	1,293.9	97.4	2,010.2	2,548.1	0.0	0.0
WHITE	127.8	1,168.9	1,246.8	77.0	1,726.3	2,058.4	0.0	0.0
DURUM	23.6	124.3	107.2	22.3	166.3	149.8	0.0	0.0
TOTAL	435.3	4,799.4	4,632.3	317.1	6,500.3	9,378.5	0.0	0.0
BARLEY	0.2	39.8	27.4	2.1	15.9	10.0	0.0	0.0
CORN	1,431.0	15,127.2	9,052.4	1,408.1	4,571.8	3,042.7	0.0	71.1
SORGHUM	20.3	81.1	1,029.6	1.0	4.9	283.5	0.0	0.0
SOYBEANS	1,521.2	17,087.9	19,263.1	720.5	3,100.6	4,001.1	4.0	85.5
SOY MEAL	58.9	732.3	409.3	208.6	12,067.4	10,031.6	411.7	2,934.8
SOY OIL	7.6	68.0	41.4	15.6	1,013.8	1,100.3	9.7	73.2
RICE
L G RGH	17.1	265.4	123.7	7.0	159.6	198.6	0.0	0.0
M S RGH	0.0	4.7	12.3	0.0	0.0	0.4	0.0	0.0
L G BRN	2.3	7.4	1.2	0.5	3.2	1.2	0.0	0.0
M&S BR	0.1	30.2	4.1	0.1	0.7	0.4	0.0	0.0
L G MLD	3.5	119.0	144.4	4.4	109.6	143.6	0.0	0.0
M S MLD	16.9	38.4	77.4	5.2	82.9	44.0	0.0	0.0
TOTAL	39.8	465.1	363.1	17.1	356.1	388.3	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	21.8	7,631.3	6,006.6	179.7	1,393.9	1,387.8	91.1	1,570.2
PIMA	3.2	226.1	279.2	4.7	51.8	35.8	0.0	25.3

 

                                                                                          Export Sales Highlights

This summary is based on reports from exporters for the period September 21-27, 2018.

Wheat:  Net sales of 435,300 metric tons for 2018/2019 were down 34 percent from the previous week and 8 percent from the prior 4-week average.  Increases were reported for Brazil (90,000 MT), Saudi Arabia (65,000 MT, switched from unknown destinations), Nigeria (55,500 MT), Iraq (52,200 MT), and Japan (31,000 MT).  Reductions were for Thailand (5,200 MT) and unknown destinations (5,000 MT).  Exports of 317,100 MT were down 34 percent from the previous week and 16 percent from the prior 4-week average.  The destinations were primarily to Thailand (55,000 MT), Iraq (52,200 MT), Japan (41,300 MT), the Philippines (39,600), and Italy (32,800 MT).

Corn:  Net sales of 1,431,000 MT for 2018/2019 were reported for Mexico (527,400 MT), Canada (199,700 MT, including decreases of 400 MT), Peru (184,900 MT, including 125,000 MT switched from unknown destinations and decreases of 6,400 MT), Japan (173,900 MT, including 73,100 MT switched from unknown destinations and decreases of 3,000 MT), and South Korea (136,100 MT, including decreases of 1,300 MT).  Reductions were reported for unknown destinations (62,700 MT).  Exports of 1,408,100 MT were primarily to Mexico (390,600 MT), Japan (307,200 MT), Peru (154,900), South Korea (139,800 MT), and Saudi Arabia (82,500 MT). 

Optional Origin Sales:  For 2018/2019, options were exercised to export 138,000 MT to Saudi Arabia (70,000 MT) and South Korea (68,000 MT) from the United States.  The current outstanding balance of 1,019,000 MT is for South Korea (481,000 MT), unknown destinations (353,000 MT), Vietnam (130,000 MT), and Malaysia (55,000 MT).

Barley:  Net sales of 200 MT for 2018/2019 were reported for Taiwan.  Exports 2,100 MT–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  The primary destination was Japan.

Sorghum:  Net sales of 20,300 MT for 2018/2019 were reported for Mexico.  Exports of 1,000 MT were reported to Mexico.

Rice:  Net sales of 39,800 MT for 2018/2019 were down 71 percent from the previous week and 34 percent from the prior 4-week average.  Increases were reported for Japan (13,300 MT), Mexico (11,600 MT), El Salvador (6,600 MT), Saudi Arabia (4,700 MT), and Canada (3,800 MT).  Reductions were reported for Togo (6,500 MT).  Exports of 17,100 MT were up noticeably from the previous week, but down 59 percent from the prior 4-week average.  The primary destinations were El Salvador (5,700 MT), Mexico (3,200 MT), Canada (2,100 MT), Jordan (1,500 MT), and Saudi Arabia (1,400 MT).

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

Soybeans:  Net sales of 1,521,200 MT for 2018/2019 were reported for Mexico (730,400 MT, including decreases of 400 MT), unknown destinations (274,000 MT), Germany (135,800 MT), Argentina (96,000 MT, including decreases of 4,000 MT), and the Netherlands (79,500 MT, including 86,000 MT switched from unknown destinations and decreases of 7,600 MT).  Reductions were reported for China (124,100 MT) and Chile (800 MT).  For 2019/2020, net sales of 4,000 MT were reported for Japan.  Exports of 720,500 MT were primarily to Germany (135,800 MT), Thailand (87,800 MT), the Netherlands (79,500 MT), Pakistan (66,700 MT), and Mexico (65,700 MT). 

Optional Origin Sales: For 2018/2019, new optional origin sales of 60,000 MT were reported for unknown destinations.  The current outstanding balance of 183,000 MT is unknown destinations.

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

Export Adjustment: Accumulated exports of soybeans to the Netherlands were adjusted down 70,544 MT for week ending September 6, 2018 and 65,207 MT for week ending September 13, 2018.   These shipments are for Germany and is included in this week’s report. 

Soybean Cake and Meal:  Net sales of 58,900 MT for 2017/2018 were down 60 percent from the previous week and 24 percent from the prior 4-week average.  Increases were reported for Colombia (24,400 MT), the Philippines (20,000 MT), Mexico (15,000 MT, including decreases of 100 MT), Honduras (8,300 MT, including 7,300 MT switched from Guatemala), and Canada (5,800 MT, including decreases of 1,200 MT).  Reductions were reported for the Dominican Republic (13,400 MT), Guatemala (7,300 MT), and Nicaragua (800 MT).  For 2018/2019, net sales of 411,700 MT reported for unknown destinations (194,000 MT), Mexico (93,000 MT), Ecuador (42,000 MT), and Canada (19,200 MT), were partially offset by reductions for Jamaica (2,500 MT).  Exports of 208,600 MT were down 25 percent from the previous week and 5 percent from the prior 4-week average.  The primary destinations were Mexico (29,700 MT), Colombia (27,200 MT), Honduras (22,300 MT), Morocco (21,800 MT), and Vietnam (19,000 MT). 

Soybean Oil:  Net sales of 7,600 MT for 2017/2018 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for South Korea (5,000 MT), El Salvador (1,500 MT), and Mexico (1,000 MT).  For 2018/2019, net sales of 9,700 MT were reported for the Dominican Republic (8,800 MT), Canada (800 MT), and Mexico (100 MT).  Exports of 15,600 MT were down 19 percent from the previous week and 15 percent from the prior 4-week average.  The primary destinations were South Korea (9,000 MT), Colombia (4,600 MT), and Mexico (1,500 MT).

Cotton:  Net sales of 21,800 RB for 2018/2019–a marketing-year low–were down 69 percent from the previous week and 74 percent from the prior 4-week average.  Increases were reported for Bangladesh (26,400 RB), Vietnam (20,500 RB, including 8,800 RB switched from China and decreases of 200 RB), Pakistan (15,700 RB), Peru (12,000 RB), and Indonesia (8,800 RB, including decreases of 400 RB).  Reductions were reported for China (85,900 RB) and Brazil (200 RB).  For 2019/2020, net sales of 91,100 RB reported for China (90,200 RB) and El Salvador (2,100 RB), were partially offset by reductions for India (1,200 RB).  Exports of 179,700 RB were up 29 percent from the previous week and 20 percent from the prior 4-week average.  Exports were primarily to Mexico (52,500 RB), Vietnam (35,100 RB), Pakistan (12,400 RB), China (12,400 RB), and Bangladesh (11,500 RB).  Net sales of Pima totaling 3,200 RB for 2018/2019 were down 56 percent from the previous week and 52 percent from the prior 4-week average.  Increases reported for China (4,400 RB), India (1,000 RB), and Turkey (100 RB), were partially offset by reductions for Vietnam (2,200 RB).  Exports of 4,700 RB were down 1 percent from the previous week and 30 percent from the prior 4-week average.  The primary destinations were India (3,600 RB), China (500 RB), Japan (300 RB), and Peru (200 RB). 

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

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

Hides and Skins:  Net sales of 268,900 pieces reported for 2018, all whole cattle hides, were down 21 percent from the previous week and 33 percent from the prior 4-week average.  Increases were for China (186,600 pieces, including decreases of 12,100 pieces), South Korea (41,800 pieces, including decreases of 1,300 pieces), Mexico (19,200 pieces), Brazil (11,500 pieces, including decreases of 400 pieces), and Indonesia (6,300 pieces).  Reductions were reported for Thailand (300 pieces) and Japan (100 pieces).  Exports of 313,700 pieces reported for 2018 were down 29 percent from the previous week and 27 percent from the prior 4-week average.  Whole cattle hide exports of 304,200 pieces were primarily to China (174,500 pieces), South Korea (67,400 pieces), Mexico (16,900 pieces), Thailand (12,000 pieces), and Brazil (8,800 pieces).

Net sales of 385,600 wet blues for 2018 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for the Dominican Repblic (187,400 unsplit), Italy (115,500 unsplit and 38,000 grain splits), Vietnam (26,100 unsplit), and China (14,400 unsplit).  Reductions were reported for Mexico (600 grain splits).  Exports of 134,200 wet blues for 2018 were down 7 percent from the previous week and 4 percent from the prior 4-week average.  The primary destinations were Italy (46,600 unsplit and 5,600 grain splits), China (33,100 unsplit and 2,000 grain splits), Vietnam (26,600 unsplit), and Mexico (5,600 unsplit and 3,400 grain splits).  Net sales of splits totaling 214,900 pounds for 2018 were for China.  Reductions were reported for Vietnam (100 pounds).  Exports of 467,100 pounds for 2018 were up noticeably from the previous week and up 16 percent from the prior 4-week average.  The destinations were Vietnam (367,100 pounds) and China (100,000 pounds).

Beef: Net sales of 16,200 MT reported for 2018 were up 1 percent from the previous week, but down 3 percent from the prior 4-week average.  Increases were reported for Hong Kong (9,200 MT, including decreases of 100 MT), South Korea (3,100 MT, including decreases of 100 MT), Japan (1,600 MT, including decreases of 1,500 MT), Canada (700 MT), and Taiwan (600 MT).  Reductions were reported for Vietnam (200 MT).  For 2019, net sales reductions of 100 MT were primarily for Japan.  Exports of 12,600 MT were down 22 percent from the previous week and 24 percent from the prior 4-week average.  The primary destinations were Japan (4,000 MT), South Korea (2,600 MT), Hong Kong (1,900 MT), Mexico (1,200 MT), and Taiwan (900 MT).

Pork:  Net sales of 14,700 MT reported for 2018 were down 48 percent from the previous week and 34 percent from the prior 4-week average.  Increases were reported primarily for Mexico (7,600 MT), Japan (1,800 MT), South Korea (1,300 MT), Canada (1,300 MT), and Colombia (800 MT).  Reductions were reported for Australia (300 MT).  For 2019, net sales of 400 MT were reported for Australia (300 MT) and Canada (100 MT).  Exports of 21,900 MT were up 25 percent from the previous week and 12 percent from the prior 4-week average.  The primary destinations were Mexico (8,000 MT), Japan (4,000 MT), South Korea (2,800 MT), Hong Kong (1,900 MT), and Canada (1,300 MT).

October 4, 2018                                  1                                  FOREIGN AGRICULTURAL SERVICE/USDA

 

                                                                                          REPORTED UNDER THE DAILY REPORTING SYSTEM                                                        

                                                                                                         FOR PERIOD ENDING SEPTEMBER 27, 2018

 

                                   COMMODITY                                              DESTINATION                               QUANTITY                    MARKETING YEAR                                                               

   CORN                                                            MEXICO                                          239,630 MT 1/                 2018/2019

   SOYBEANS                                                  MEXICO                                          671,934 MT 1/                 2018/2019

   SOYBEANS                                                  UNKNOWN                                     162,000 MT 1/                 2018/2019

  

1/ Export sales.