FI Weekly USDA Export Sales Snapshot 03/24/22

PDF attached

 

USDA Export sales

Poor soybean, soybean oil & sorghum export sales.

 

Soybeans export sales for 2021-22 were only 412,200 tons, below a range of trade expectations and included Algeria (84,000 MT), Egypt (76,500 MT), Mexico (75,100 MT), Indonesia (66,200MT), and China (32,500 MT), were offset by reductions for unknown destinations (57,700 MT). Switches from unknown were noted for many countries. New-crop soybean export sales were negative 13,000 tons were for China. 

Soybean meal sales of 260,700 tons old crop and 42,200 tons new crop improved from the previous week and were within expectations. The Philippines and Ecuador were largest buyers. Soybean meal shipments were 136,200 tons, down from 252,200 tons previous week. 

Soybean oil sales of negative 1,900 old crop included reductions for Mexico and Canada. There were no new-crop sales. Shipments of 19,400 tons improved from the previous week.

 

Corn export sales of 979,500 tons were near the low end of expectations and included Mexico (265,300 MT), Colombia (153,900 MT, including 49,000 MT switched from unknown destinations and decreases of 4,000 MT), South Korea (127,200 MT), and unknown destinations (92,600 MT). New crop sales were only 6,200 tons.  Sorghum sales were negative 6,400 tons.

 

All-wheat export sales of 155,700 tons old crop and 367,300 tons new-crop were within expectations. New-crop sales included unknown destinations (142,200 MT), Colombia (69,700 MT), and Nigeria (46,000 MT),

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  3/17/2022

	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	34.1	1,586.8	1,398.7	152.7	5,873.3	7,017.1	119.2	364.6
SRW	-14.7	567.6	354.6	39.3	2,188.3	1,439.8	133.0	364.0
HRS	91.4	1,067.2	1,648.2	105.1	4,112.0	5,767.7	62.1	372.7
WHITE	44.8	503.8	1,956.5	69.0	2,803.4	4,600.9	50.6	222.6
DURUM	0.0	18.8	78.3	0.0	169.7	592.1	2.4	49.4
TOTAL	155.7	3,744.1	5,436.3	366.1	15,146.7	19,417.6	367.3	1,373.3
BARLEY	0.1	13.9	6.1	0.0	14.7	22.7	0.0	0.0
CORN	979.5	22,719.4	32,988.6	1,492.1	30,298.6	31,940.1	6.1	2,138.7
SORGHUM	-6.4	3,274.7	2,748.1	255.2	3,501.7	3,518.4	0.0	0.0
SOYBEANS	412.2	11,161.5	6,380.1	549.2	42,874.7	54,278.8	-13.0	8,110.8
SOY MEAL	260.7	3,223.1	2,594.5	136.2	5,829.4	6,202.2	42.2	276.9
SOY OIL	-2.0	167.2	114.0	19.4	435.2	521.1	0.0	0.0
RICE
L G RGH	24.4	234.2	330.5	32.5	922.9	1,053.2	0.0	0.0
M S RGH	0.5	3.5	5.3	5.3	10.7	23.5	0.0	0.0
L G BRN	0.1	16.5	4.0	0.6	33.2	33.4	0.0	0.0
M&S BR	0.2	43.9	69.6	0.1	42.3	83.8	0.0	0.0
L G MLD	17.6	73.9	58.3	11.2	569.2	440.9	0.0	0.0
M S MLD	41.0	240.4	243.7	4.6	257.5	360.4	0.0	0.0
TOTAL	83.8	612.5	711.4	54.4	1,835.9	1,995.4	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	307.5	7,670.9	5,351.8	442.7	6,292.4	9,146.8	67.4	2,352.4
PIMA	3.0	160.7	257.5	5.8	270.5	477.4	0.0	15.0

 

 

This summary is based on reports from exporters for the period March 11-17, 2022.

Wheat:  Net sales of 155,700 metric tons (MT) for 2021/2022 were up 7 percent from the previous week, but down 51 percent from the prior 4-week average.  Increases primarily for Japan (109,800 MT), Taiwan (50,100 MT), Venezuela (31,500 MT, including 30,000 MT switched from unknown destinations), Mexico (29,900 MT, including decreases of 29,400 MT), and Chile (12,000 MT), were offset by reductions primarily for Nigeria (35,700 MT), unknown destinations (31,400 MT), and Colombia (14,500 MT).  Net sales of 367,300 MT for 2022/2023 were primarily for unknown destinations (142,200 MT), Colombia (69,700 MT), Nigeria (46,000 MT), Panama (44,400 MT), and the Philippines (30,500 MT), were offset by reductions for Nicaragua (2,100 MT).  Exports of 366,100 MT were up 47 percent from the previous week, but down 5 percent from the prior 4-week average.  The destinations were primarily to South Korea (83,300 MT), the Philippines (57,600 MT), Mexico (57,000 MT), Honduras (34,100 MT), and Venezuela (31,500 MT). 

Corn:  Net sales of 979,500 MT for 2021/2022 were down 47 percent from the previous week and 29 percent from the prior 4-week average.  Increases primarily for Mexico (265,300 MT, including decreases of 400 MT), Colombia (153,900 MT, including 49,000 MT switched from unknown destinations and decreases of 4,000 MT), South Korea (127,200 MT), unknown destinations (92,600 MT), and Israel (69,700 MT, including 65,000 MT switched from unknown destinations), were offset by reductions reported for Costa Rica (1,800 MT) and Nicaragua (1,300 MT).  Total net sales of 6,100 MT for 2022/2023 were for Mexico.  Exports of 1,492,100 MT were up 17 percent from the previous week, but down 8 percent from the prior 4-week average.  The destinations were primarily to China (477,900 MT), Japan (295,400 MT), Mexico (260,700 MT), Colombia (108,400 MT), and Canada (90,100 MT).  

Optional Origin Sales:  For 2021/2022, new optional origin sales of 190,000 MT were reported for unknown destinations (125,000 MT) and South Korea (65,000 MT).  The current outstanding balance of 535,800 MT is for unknown destinations (305,000 MT), South Korea (130,000 MT), Morocco (60,000 MT), Italy (31,800 MT), and Saudi Arabia (9,000 MT).  For 2022/2023, the current outstanding balance of 3,900 MT is for Italy.

Barley:  Total net sales of 100 MT for 2021/2022 were unchanged from the previous week and from the prior 4-week average.  The destination was South Korea.  No exports were reported for the week.

Sorghum:  Net sales reductions of 6,400 MT for 2021/2022–a marketing-year low–were down noticeably from the previous week and from the prior 4-week average.  Increases reported for China (126,600 MT, including 133,000 MT switched from unknown destinations and decreases of 12,300 MT), were more than offset by reductions for unknown destinations (133,000 MT).  Exports of 255,200 MT were down 2 percent from the previous week, but up 19 percent from the prior 4-week average.  The destination was to China (255,000 MT) and Mexico (200 MT).

Rice:  Net sales of 83,800 MT for 2021/2022 were up noticeably from the previous week and up 44 percent from the prior 4-week average.  Increases were primarily for Japan (38,000 MT), Colombia (22,000 MT), Haiti (15,200 MT, including decreases of 100 MT), Canada (2,200 MT), and El Salvador (1,500 MT).  Exports of 54,400 MT were down 8 percent from the previous week and 22 percent from the prior 4-week average.  The destinations were primarily to Mexico (27,800 MT), Honduras (12,100 MT), Haiti (7,100 MT), Canada (3,000 MT), and Jordan (1,400 MT).

Exports for Own Account: For 2021/2022, new exports for own account totaling 100 MT were to Canada.  The current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales of 412,200 MT for 2021/2022 were down 67 percent from the previous week and 70 percent from the prior 4-week average.  Increases primarily for Algeria (84,000 MT), Egypt (76,500 MT, including 65,000 MT switched from unknown destinations and decreases of 900 MT), Mexico (75,100 MT, including decreases of 1,000 MT), Indonesia (66,200 MT, including 55,000 MT switched from unknown destinations and decreases of 100 MT), and China (32,500 MT), were offset by reductions for unknown destinations (57,700 MT).  Total net sales reductions of 13,000 MT for 2022/2023 were for China.  Exports of 549,200 MT were down 23 percent from the previous week and 38 percent from the prior 4-week average.  The destinations were primarily to China (161,700 MT), Mexico (138,400 MT), Egypt (116,500 MT), Indonesia (80,300 MT), and Japan (16,700 MT).

Export for Own Account: For 2021/2022, the current exports for own account outstanding balance is 3,000 MT, all Canada.

Soybean Cake and Meal:  Net sales of 260,700 MT for 2021/2022 were up 77 percent from the previous week and 32 percent from the prior 4-week average.  Increases primarily for the Philippines (88,000 MT), Ecuador (87,000 MT, including decreases of 5,000 MT), Colombia (31,300 MT, including 20,000 MT switched from unknown destinations), Venezuela (24,000 MT), and Morocco (21,000 MT), were offset by reductions primarily for Ireland (30,000 MT) and unknown destinations (27,200 MT).  Net sales of 42,200 MT for 2022/2023 were reported for Ireland (30,000 MT), Mexico (12,000 MT), and Canada (200 MT).  Exports of 136,200 MT–a marketing-year low–were down 46 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Ecuador (32,500 MT), Mexico (27,800 MT), Colombia (16,800 MT), Morocco (13,000 MT), and Canada (9,700 MT).

Soybean Oil:  Net sales reductions of 2,000 MT for 2021/2022 were down noticeably from the previous week and from the prior 4-week average.  Increases reported for India (800 MT, including decreases of 300 MT), were more than offset by reductions for Mexico (2,700 MT) and Canada (100 MT).  Exports of 19,400 MT were up noticeably from the previous week and up 21 percent from the prior 4-week average.  The destinations were primarily to India (17,700 MT) and Mexico (1,300 MT).

Cotton:  Net sales of 307,500 RB for 2021/2022 were down 17 percent from the previous week and 7 percent from the prior 4-week average.  Increases primarily for China (130,200 RB, including decreases of 8,900 RB), Turkey (71,700 RB, including decreases of 200 RB), Bangladesh (26,500 RB), Pakistan (25,700 RB, including 200 RB switched from the United Arab Emirates and decreases of 100 RB), and Vietnam (23,400 RB, including 1,400 RB switched from South Korea, 500 RB switched from Indonesia, 500 RB switched from Japan, and decreases of 200 RB), were offset by reductions for South Korea (1,400 RB), Guatemala (200 RB), and the United Arabia Emirates (200 RB).  Net sales of 67,400 RB for 2022/2023 were primarily for China (21,800 RB), Thailand (13,600 RB), Pakistan (9,700 RB), Turkey (7,900 RB), and Guatemala (6,100 RB).  Exports of 442,700 RB–a marketing-year high–were up 36 percent from the previous week and 29 percent from the prior 4-week average.  The destinations were primarily to China (173,500 RB, including 46,000 RB – late), Vietnam (74,700 RB, including 12,500 RB – late), Turkey (50,400 RB, including 5,500 RB late), Pakistan (37,100 RB, including 2,300 RB – late), and Mexico (23,700 RB).  Net sales of Pima totaling 3,000 RB were down 76 percent from the previous week and 53 percent from the prior 4-week average.  Increases were primarily for India (1,200 RB), China (700 RB), and Turkey (600 RB).  Exports of 5,800 RB were down 25 percent from the previous week and 61 percent from the prior 4-week average.  The destinations were primarily to China (2,000 RB), Peru (1,700 RB), and Vietnam (1,500 RB).   

Optional Origin Sales:  For 2021/2022, options were exercised to export 4,400 RB to Pakistan from the United States.  The current outstanding balance of 57,200 RB is for Vietnam (52,800 RB) and Pakistan (4,400 RB). 

Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.

Late Reporting: For 2021/2022, exports totaling 80,600 RB of upland cotton were reported late to China (46,000 RB), Vietnam (12,500 RB), Bangladesh (5,900 RB), Turkey (5,500 RB), South Korea (3,600 RB), Indonesia (2,600 RB), Pakistan (2,300 RB), Thailand (700 RB), India (600 RB), Guatemala (500 RB), and Peru (400 RB).

Hides and Skins:  Net sales of 413,500 pieces for 2022 were down 11 percent from the previous week, but up 1 percent from the prior 4-week average.  Increases primarily for China (256,800 whole cattle hides, including decreases of 6,900 pieces), South Korea (71,200 whole cattle hides, including decreases of 1,100 pieces), Italy (26,600 whole cattle hides, including decreases of 700 pieces), Thailand (24,300 whole cattle hides, including decreases of 400 pieces), and Mexico (18,300 whole cattle hides, including decreases of 700 pieces), were offset by reductions for Indonesia (400 pieces) and Brazil (100 pieces).  Total net sales of 100 calf skins, including decreases of 100 calf skins were for Italy.  In addition, net sales reductions of 400 kip skins were reported for Belgium (300 kip skins) and Italy (100 kip skins).  Exports of 487,200 pieces were up 13 percent from the previous week and 19 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (293,100 pieces), South Korea (79,100 pieces), Mexico (31,100 pieces), Taiwan (19,000 pieces), and Thailand (15,700 pieces).  Total exports of 1,900 calf skins were to Italy.  In addition, exports of 5,100 kip skins were primarily to Belgium (2,600 kip skins) and China (1,300 kip skins).

Net sales of 328,700 wet blues for 2022 were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for Vietnam (111,400 unsplit, including decreases of 6,000 unsplit), Italy (88,900 unsplit, 35,200 grain splits, including decreases of 100 unsplit and 400 grain splits), China (63,800 unsplit, including decreases of 5,000 unsplit), Thailand (20,200 unsplit), and Mexico (9,800 unsplit), were offset by reductions for Mexico (1,000 grain splits), Taiwan (300 unsplit), and Portugal (200 grain splits).  Exports of 193,700 wet blues were up 63 percent from the previous week and 71 percent from the prior 4-week average.  The destinations were primarily to Italy (52,300 unsplit and 20,700 grain splits), China (45,800 unsplit), Vietnam (40,300 unsplit), Thailand (12,600 unsplit), and Hong Kong (8,000 unsplit).  Net sales reductions of 61,200 splits were down noticeably from the previous week and from the prior 4-week average.  The destinations reported for China (30,400 pounds, including decreases of 13,600 pounds) and South Korea (300 pounds, including decreases of 1,200 pounds), were offset by reductions for Taiwan (86,500 pounds) and Vietnam (5,400 pounds).  Exports of 324,000 pounds were to Vietnam (240,800 pounds) and China (83,200 pounds).

Beef:  Net sales of 27,500 MT for 2022–a marketing-year high–were up 40 percent from the previous week and 29 percent from the prior 4-week average.  Increases were primarily for South Korea (9,000 MT, including decreases of 700 MT), China (7,600 MT, including decreases of 100 MT), Japan (6,000 MT, including decreases of 500 MT), Hong Kong (1,100 MT), and Taiwan (900 MT, including decreases of 100 MT).  Exports of 41,800 MT–a marketing-year high–were up noticeably from the previous week and from the prior 4-week average.  The destinations were primarily to Japan (11,300 MT, including 6,500 MT – late), China (8,700 MT, including 6,600 MT – late), South Korea (6,400 MT, including 1,900 MT – late), Mexico (4,400 MT, including 3,300 MT – late), and the Netherlands (2,200 MT, including 2,000 – late). 

Late Reporting: For 2022, exports totaling 25,600 MT of beef were reported late to China (6,600 MT), Japan (6,500 MT), Mexico (3,300 MT), the Netherlands (2,000 MT), South Korea (1,900 MT), Egypt (1,500 MT), Italy (1,200 MT), Indonesia (900 MT), Philippines (400 MT), Hong Kong (300 MT), Guatemala (200 MT), Singapore (200 MT), Chile (100 MT), Peru (100 MT), Switzerland (100 MT), the United Arab Emirates (100 MT), Brazil (100 MT), and Taiwan (100 MT).

Pork:  Net sales of 23,200 MT for 2022 were down 39 percent from the previous week and 30 percent from the prior 4-week average.  Increases primarily for Mexico (9,200 MT, including decreases of 300 MT), South Korea (4,800 MT, including decreases of 300 MT), Japan (3,300 MT, including decreases of 200 MT), Colombia (1,800 MT), and Australia (800 MT, including decreases of 100 MT), were offset by reductions for Nicaragua (200 MT).  Exports of 29,100 MT were up 12 percent from the previous week and 1 percent from the prior 4-week average.  The destinations were primarily to Mexico (12,800 MT), Japan (4,600 MT), China (3,800 MT), South Korea (2,000 MT), and Canada (1,600 MT).