FI Weekly USDA Export Sales Snapshot 03/31/22

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USDA Export Sales

Poor export sales posted for corn, wheat, and soybean meal, at least on a combined crop year basis. Old crop soybeans and old crop soybean oil were ok. 1.3 million tons were posted for old crop soybeans that included China (593,200 MT, including 121,000 MT switched from unknown destinations and decreases of 3,600 MT). There were no China corn or wheat sales. Sorghum saw net reductions of 16,200 tons.  Pork sales were good at 27,600 tons. 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING  3/24/2022

 

	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	14.7	1,422.3	1,426.7	179.2	6,052.5	7,087.1	25.8	390.4
SRW	2.8	516.1	331.4	54.3	2,242.5	1,451.5	55.5	419.5
HRS	55.4	1,020.2	1,550.7	102.4	4,214.4	5,927.0	0.0	372.7
WHITE	21.6	512.4	2,030.7	13.0	2,816.5	4,628.6	0.0	222.6
DURUM	0.5	19.0	78.3	0.3	170.0	592.1	0.0	49.4
TOTAL	95.0	3,489.9	5,417.7	349.2	15,495.9	19,686.3	81.3	1,454.6
BARLEY	-8.2	5.7	5.8	0.0	14.7	23.1	8.2	8.2
CORN	636.9	21,473.8	31,808.4	1,882.4	32,180.3	33,917.6	286.8	2,425.5
SORGHUM	-16.2	2,919.3	2,562.8	339.2	3,840.8	3,824.7	0.0	0.0
SOYBEANS	1,305.8	11,797.1	6,024.9	670.2	43,544.9	54,739.7	54.0	8,164.8
SOY MEAL	103.0	3,087.1	2,476.8	238.9	6,068.4	6,459.6	60.5	337.4
SOY OIL	30.9	186.0	107.4	12.1	447.3	531.8	0.0	0.0
RICE
L G RGH	12.0	227.2	316.2	19.0	942.0	1,092.6	0.0	0.0
M S RGH	0.0	3.3	5.3	0.2	10.9	23.5	0.0	0.0
L G BRN	0.2	16.4	3.7	0.3	33.6	33.9	0.0	0.0
M&S BR	0.1	43.9	69.0	0.2	42.5	84.4	0.0	0.0
L G MLD	2.4	71.9	49.4	4.4	573.6	453.6	0.0	0.0
M S MLD	2.2	239.2	261.1	3.4	260.9	369.7	0.0	0.0
TOTAL	17.0	602.0	704.7	27.5	1,863.4	2,057.6	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	234.0	7,573.8	5,105.5	331.1	6,623.5	9,471.5	111.7	2,464.1
PIMA	7.4	156.1	247.5	12.1	282.6	491.8	8.2	23.1

 

 

This summary is based on reports from exporters for the period March 18-24, 2022.

Wheat:  Net sales of 95,000 metric tons (MT) for 2021/2022 were down 39 percent from the previous week and 58 percent from the prior 4-week average.  Increases primarily for South Korea (45,000 MT), Mexico (30,500 MT, including decreases of 1,200 MT), Guatemala (29,800 MT switched from unknown destinations), Colombia (27,000 MT, including 25,000 MT switched from unknown destinations), and El Salvador (18,800 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (60,800 MT) and Nigeria (15,900 MT).  Net sales of 81,300 MT for 2022/2023 were reported for Mexico (32,000 MT), Colombia (31,300 MT), Nigeria (13,000 MT), and Peru (5,000 MT).  Exports of 349,200 MT were down 5 percent from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to Mexico (113,600 MT), Japan (83,100 MT), the Philippines (65,500 MT), Colombia (44,600 MT), and Nigeria (33,100 MT). 

Corn:  Net sales of 636,900 MT for 2021/2022 were down 35 percent from the previous week and 53 percent from the prior 4-week average.  Increases primarily for Japan (217,800 MT, including 125,000 MT switched from unknown destinations and decreases of 7,600 MT), Colombia (103,800 MT, including 41,000 MT switched from unknown destinations and decreases of 20,100 MT), Mexico (86,600 MT, including decreases of 116,600 MT), Vietnam (69,300 MT, including 68,000 MT switched from unknown destinations), and Taiwan (66,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (74,300 MT), Lebanon (50,000 MT), and China (18,400 MT).  Net sales of 286,800 MT for 2022/2023 were reported for unknown destinations (254,800 MT), Mexico (30,000 MT), and Honduras (2,000 MT).  Exports of 1,882,400 MT were up 26 percent from the previous week and 24 percent from the prior 4-week average.  The destinations were primarily to China (457,600 MT), Japan (432,200 MT), Mexico (335,200 MT), Colombia (170,800 MT), and Canada (96,800 MT). 

Optional Origin Sales:  For 2021/2022, new optional origin sales of 60,000 MT were reported for unknown destinations.  Options were exercised to export 65,000 MT to unknown destinations from the United States.  The current outstanding balance of 530,800 MT is for unknown destinations (300,000 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.

Export Adjustments:  Accumulated exports of corn to Mexico were adjusted down 698 MT for week ending March 17th.  This shipment was reported in error.

Barley:  Total net sales reductions of 8,200 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.  The destination was Japan.  Total net sales of 8,200 MT for 2022/2023 were for Japan.  No exports were reported for the week.

Sorghum:  Net sales reductions of 16,200 MT for 2021/2022–a marketing-year low–were up noticeably from the previous week, but down noticeably from the prior 4-week average.  Increases reported for China (50,800 MT, including 68,000 MT switched from unknown destinations and decreases of 23,000 MT) and Japan (1,000 MT), were more than offset by reductions for unknown destinations (68,000 MT).  Exports of 339,200 MT–a marketing-year high–were up 33 percent from the previous week and 58 percent from the prior 4-week average.  The destinations were primarily to China (328,300 MT) and Japan (10,500 MT).

Rice:  Net sales of 17,000 MT for 2021/2022 were down 80 percent from the previous week and 71 percent from the prior 4-week average.  Increases were primarily for Guatemala (5,500 MT), Honduras (3,500 MT, including decreases of 400 MT), Mexico (3,300 MT), Canada (2,600 MT), and Saudi Arabia (800 MT).  Exports of 27,500 MT were down 49 percent from the previous week and from the prior 4-week average.  The destinations were primarily to Guatemala (11,000 MT), Honduras (6,000 MT), Canada (3,300 MT), Mexico (2,700 MT), and Jordan (1,600 MT).

Soybeans:  Net sales of 1,305,800 MT for 2021/2022 were up noticeably from the previous week and up 11 percent from the prior 4-week average.  Increases were primarily for China (593,200 MT, including 121,000 MT switched from unknown destinations and decreases of 3,600 MT), unknown destinations (520,700 MT), the Netherlands (56,000 MT, including 60,000 MT switched from unknown destinations and decreases of 4,000 MT), Japan (55,600 MT, including decreases of 2,100 MT), and Taiwan (32,400 MT, including decreases of 100 MT).  Total net sales of 54,000 MT for 2022/2023 were for Mexico.  Exports of 670,200 MT were up 22 percent from the previous week, but down 6 percent from the prior 4-week average.  The destinations were primarily to China (331,900 MT), Vietnam (65,600 MT), Mexico (63,300 MT), Egypt (57,100 MT), and the Netherlands (56,000 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 103,000 MT for 2021/2022 were down 61 percent from the previous week and 50 percent from the prior 4-week average.  Increases primarily for the Philippines (47,200 MT, including decreases of 2,200 MT), Ecuador (33,500 MT, including decreases of 2,500 MT), Morocco (30,000 MT), Canada (22,100 MT, including decreases of 600 MT), and Mexico (7,000 MT), were offset by reductions primarily for unknown destinations (52,900 MT).  Net sales of 60,500 MT for 2022/2023 were reported for unknown destinations (60,000 MT) and Japan (500 MT).  Exports of 238,900 MT were up 75 percent from the previous week and 22 percent from the prior 4-week average.  The destinations were primarily to the Philippines (94,600 MT), Honduras (27,900 MT), the Dominican Republic (24,900 MT), Canada (22,800 MT), and Mexico (21,400 MT).

Soybean Oil:  Net sales of 30,900 MT for 2021/2022 were up noticeably from the previous week and from the prior 4-week average.  Increases were reported for Guatemala (19,500 MT), unknown destinations (6,500 MT), Costa Rica (4,000 MT), Canada (600 MT), and the Dominican Republic (300 MT, including decreases of 1,400 MT).  Exports of 12,100 MT were down 38 percent from the previous week and 14 percent from the prior 4-week average.  The destinations were to the Dominican Republic (7,400 MT), Venezuela (3,000 MT), Mexico (1,300 MT), and Canada (400 MT).

Cotton:  Net sales of 234,000 RB for 2021/2022 were down 24 percent from the previous week and 32 percent from the prior 4-week average.  Increases primarily for China (177,000 RB, including decreases of 2,800 RB), Vietnam (21,300 RB, including 1,600 RB switched from China, 800 RB switched from South Korea, and decreases of 1,000 RB), Turkey (13,800 RB, including decreases of 100 RB), Indonesia (5,000 RB, including 600 RB switched from Japan), and Taiwan (4,800 RB), were offset by reductions for Italy (2,200 RB), South Korea (800 RB), and Bangladesh (300 RB).  Net sales of 111,700 RB for 2022/2023 were primarily for Turkey (47,200 RB), Thailand (29,100 RB), Pakistan (13,800 RB), Vietnam (11,400 RB), and India (8,800 RB).  Exports of 331,100 RB were down 25 percent from the previous week and 8 percent from the prior 4-week average.  The destinations were primarily to China (89,900 RB), Turkey (52,400 RB), Vietnam (47,000 RB), Pakistan (38,500 RB), and Mexico (20,000 RB).  Net sales of Pima totaling 7,400 RB were up noticeably from the previous week and up 27 percent from the prior 4-week average.  Increases were primarily for India (3,500 RB), Peru (900 RB), China (900 RB), Bangladesh (800 RB), and Egypt (600 RB).  Net sales of 8,200 RB for 2022/2023 were primarily for India (4,400 RB) and Peru (2,600 RB).  Exports of 12,100 RB were up noticeably from the previous week and up 2 percent from the prior 4-week average.  The destinations were primarily to India (5,200 RB), China (3,100 RB), Peru (2,400 RB), Vietnam (1,000 RB), and Pakistan (200 RB).    

Optional Origin Sales:  For 2021/2022, 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.

Hides and Skins:  Net sales of 332,600 pieces for 2022 were down 20 percent from the previous week and from the prior 4-week average.  Increases primarily for China (212,100 whole cattle hides, including decreases of 18,800 pieces), Thailand (39,400 whole cattle hides, including decreases of 1,000 pieces), Mexico (26,100 whole cattle hides, including decreases of 700 pieces), Taiwan (24,900 whole cattle hides, including decreases of 700 pieces), and South Korea (19,400 whole cattle hides, including decreases of 1,100 pieces), were offset by reductions for Indonesia (800 pieces) and Brazil (100 pieces).  Total net sales reductions of 1,400 calf skins were for Italy.  Exports of 502,500 pieces were up 3 percent from the previous week and 17 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (286,200 pieces), South Korea (65,300 pieces), Mexico (62,200 pieces), Thailand (51,600 pieces), and Indonesia (9,500 pieces).  Total exports of 5,600 calf skins were to Italy.  In addition, total exports of 1,200 kip skins were to China.

Net sales of 79,600 wet blues for 2022 were down 76 percent from the previous week and 39 percent from the prior 4-week average.  Increases primarily for China (46,000 unsplit), Italy (6,800 grain splits and 4,800 unsplit, including decreases of 100 unsplit and 100 grain splits), Vietnam (11,400 unsplit, including decreases of 100 unsplit), India (6,900 grain splits), and Thailand (6,500 unsplit, including decreases of 300 unsplit), were offset by reductions primarily for the Dominican Republic (7,200 grain splits).  Exports of 180,600 wet blues were down 7 percent from the previous week, but up 35 percent from the prior 4-week average.  The destinations were primarily to Italy (28,700 grain splits and 26,900 unsplit), China (44,500 unsplit), Vietnam (40,800 unsplit), Thailand (13,300 unsplit), and Taiwan (10,900 unsplit).  Net sales of 1,228,600 splits were up noticeably from the previous week and up 88 percent from the prior 4-week average.  The destinations were primarily for Vietnam (784,300 pounds, including decreases of 26,500 pounds) and South Korea (399,200 pounds, including decreases of 10,700 pounds).  Exports of 537,300 pounds were up 66 percent from the previous week and 12 percent from the prior 4-week average. The destinations were to Vietnam (413,100 pounds) and China (124,200 pounds).

Beef:  Net sales of 23,000 MT for 2022 were down 17 percent from the previous week and 7 percent from the prior 4-week average.  Increases primarily for China (7,100 MT, including decreases of 200 MT), Japan (5,300 MT, including decreases of 500 MT), South Korea (4,600 MT, including decreases of 700 MT), Taiwan (1,100 MT, including decreases of 200 MT), and Mexico (1,000 MT), were offset by reductions for Kuwait (100 MT).  Exports of 20,400 MT were down 51 percent from the previous week and 11 percent from the prior 4-week average.  The destinations were primarily to South Korea (6,500 MT), Japan (5,200 MT), China (3,100 MT), Taiwan (1,600 MT), and Mexico (900 MT). 

Pork:  Net sales of 27,600 MT for 2022 were up 19 percent from the previous week, but down 14 percent from the prior 4-week average.  Increases primarily for Mexico (14,300 MT, including decreases of 300 MT), Japan (4,000 MT, including decreases of 200 MT), South Korea (2,400 MT, including decreases of 500 MT), Canada (2,300 MT, including decreases of 700 MT), and the Dominican Republic (1,200 MT), were offset by reductions for Chile (300 MT) and El Salvador (100 MT).  Exports of 30,600 MT were up 5 percent from the previous week and 8 percent from the prior 4-week average.  The destinations were primarily to Mexico (13,200 MT), Japan (5,400 MT), China (3,500 MT), South Korea (2,900 MT), and Canada (1,600 MT).