FI Weekly USDA Export Sales Snapshot 04/01/21

PDF attached

 

USDA export sales

US export sales for the soybean complex came in on the light side for all three commodities.  Soybean sales of 105,800 tons old crop included 124,000 tons for China (66k switched from unknown).  New crop soybean sales were 131,000 tons.  USDA soybean shipments were a marketing year low of 460,900 tons.  Soybean meal shipments were good at 257,400 tons and SBO shipments were 10,700 tons (down from 13,200 tons previous week).  Corn export sales were 797,300 tons old-crop, lower end of trade expectations (no China).  All-wheat sales of 250,100 tons for 2020-21 were within expectations but new-crop was light at 81,000 tons. The wheat sales include China switching 130,000 tons from unknown.  Pork sales were a large 61,000 tons-a marketing year high.  Sorghum sales of 121,000 tons were good and included China for 176,000 tons (55k switched from unknown) & decreases for unknown.  

 

 

 

 

This summary is based on reports from exporters for the period March 19 – 25, 2021.

Wheat:  Net sales of 250,100 metric tons (MT) for 2020/2021 were down 27 percent from the previous week and 22 percent from the prior 4-week average.  Increases primarily for China (130,000 MT, switched from unknown destinations), the Philippines (123,300 MT, including 60,000 MT switched from Indonesia and decreases of 700 MT), South Korea (104,000 MT), Bangladesh (55,000 MT, switched from Indonesia), and Algeria (30,000 MT), were offset by reductions primarily for unknown destinations (120,000 MT) and Indonesia (114,900 MT).  For 2021/2022, net sales of 81,000 MT were reported for the Philippines (52,000 MT), South Korea (21,000 MT), and Mexico (8,000 MT).  Exports of 268,700 MT were down 59 percent from the previous week and 51 percent from the prior 4-week average.  The destinations were primarily to Nigeria (80,100 MT), the Philippines (58,300 MT), Japan (30,600 MT), the Dominican Republic (27,100 MT), and Vietnam (26,000 MT). 

Corn:  Net sales of 797,300 MT for 2020/2021 were down 82 percent from the previous week and 46 percent from the prior 4-week average.  Increases primarily for Japan (273,100 MT, including 143,700 MT switched from unknown destinations and decreases of 600 MT), Colombia (245,000 MT, including 41,000 MT switched from unknown destinations and decreases of 106,800 MT), Saudi Arabia (139,200 MT, including 74,200 MT switched from unknown destinations), South Korea (123,500 MT, including decreases of 6,500 MT), and Mexico (83,800 MT, including decreases of 24,400 MT), were offset by reductions primarily for unknown destinations (228,800 MT).  For 2021/2022, total net sales of 60,000 MT were for Mexico.  Exports of 1,977,500 MT were unchanged from the previous week, but up 2 percent from the prior 4-week average.  The destinations were primarily to Japan (434,200 MT), Mexico (298,100 MT), China (275,000 MT), Colombia (263,900 MT), and Taiwan (165,900 MT).

Optional Origin Sales:  For 2020/2021, new optional origin sales of 5,300 MT were reported for the China (4,800 MT) and unknown destinations (500 MT).  Options were exercised to export 65,000 MT to South Korea from the United States.  The current outstanding balance of 830,700 MT is for South Korea (484,000 MT), unknown destinations (244,500 MT), China (69,800 MT), and the Ukraine (32,400 MT). 

Export Adjustment:  Accumulated exports of corn to Egypt were adjusted down 58,000 MT for week ending March 18^th.  The correct destination was Saudi Arabia.

Barley:  For 2020/2021, net sales of 100 MT were primarily for Taiwan.  Export of 400 MT were down 41 percent from the previous week, but up 22 percent from the prior 4-week average. The destinations were primarily to Taiwan (200 MT) and Canada (200 MT).

Sorghum:  For 2020/2021, net sales of 121,000 MT resulting in increases for China (176,000 MT, including 55,000 MT switched from unknown destinations, decreases of 13,200 MT, and 59,300 MT – late), were offset by reductions for unknown destinations (55,000 MT).  For 2021/2022, total net sales of 63,000 MT were for China.  Exports of 306,300 MT were up noticeably from the previous week and from the prior 4-week average. The destination was China (including 59,300 MT – late).

Late Reporting: For 2020/2021, net sales and exports totaling 59,300 MT were reported late for China.

Rice:  Net sales of 55,500 MT for 2020/2021 were up 4 percent from the previous week, but down 23 percent from the prior 4-week average.  Increases primarily for Japan (25,000 MT), Guatemala (10,500 MT, including 2,400 MT switched from El Salvador), Nicaragua (8,700 MT), Mexico (5,600 MT), and Canada (2,300 MT), were offset by reductions primarily for Honduras (1,200 MT).  Exports of 62,300 MT were up noticeably from the previous week, but down 19 percent from the prior 4-week average.  The destinations were primarily to Honduras (24,100 MT), Haiti (7,000 MT), El Salvador (6,800 MT), Guatemala (4,700 MT), and Canada (4,300 MT).

Soybeans:  Net sales of 105,800 MT for 2020/2021 were up 4 percent from the previous week, but down 54 percent from the prior 4-week average.  Increases primarily for China (124,000 MT, including 66,000 MT switched from unknown destinations), Egypt (49,300 MT, switched from unknown destinations), Japan (44,100 MT, including 52,500 MT switched from unknown destinations and decreases of 11,900 MT), Belgium (27,700 MT, including 30,000 MT switched from unknown destinations and decreases of 2,300 MT), and Colombia (19,700 MT, including 8,000 MT switched from unknown destinations and decreases of 2,100 MT), were offset by reductions primarily for unknown destinations (216,500 MT).  For 2021/2022, net sales of 131,000 MT were reported for Pakistan (55,000 MT), unknown destinations (42,000 MT), and Mexico (34,000 MT).  Exports of 460,900 MT–a marketing-year low–were down 8 percent from the previous week and 35 percent from the prior 4-week average.  The destinations were primarily to Japan (90,600 MT), Mexico (89,700 MT), China (79,000 MT), Egypt (49,300 MT), and Belgium (27,700 MT). 

Exports for Own Account:  The current exports for own account outstanding balance is 5,800 MT, all Canada.

Soybean Cake and Meal:  Net sales of 139,700 MT for 2020/2021 were down 17 percent from the previous week and 34 percent from the prior 4-week average.  Increases primarily for Colombia (66,200 MT, including decreases of 2,500 MT), Canada (19,900 MT, including decreases of 100 MT), Guatemala (10,000 MT, including 6,000 MT switched from Nicaragua, 4,700 MT switched from El Salvador, and decreases of 1,300 MT), Jamaica (9,000 MT), and  Mexico (9,000 MT, including decreases of 100 MT), were offset by reductions primarily for Nicaragua (5,300 MT) and El Salvador (2,900 MT).  For 2021/2022, total net sales reductions of 300 MT were for Canada.  Exports of 257,400 MT were down 9 percent from the previous week and 13 percent from the prior 4-week average.  The destinations were primarily to Colombia (70,600 MT), the Philippines (50,400 MT), Mexico (33,400 MT), Honduras (24,300 MT), and Canada (22,700 MT).

Soybean Oil:  Net sales of 4,100 MT for 2020/2021 were down 69 percent from the previous week and 62 percent from the prior 4-week average.  Increases primarily for Nicaragua (2,200 MT), the Dominican Republic (1,700 MT), El Salvador (1,300 MT), and Mexico (500 MT), were offset by reductions for Canada (900 MT) and Jamaica (700 MT).  Exports of 10,700 MT were down 12 percent from the previous week and 66 percent from the prior 4-week average.  The destinations were primarily to Colombia (5,000 MT), the Dominican Republic (4,200 MT), Mexico (1,000 MT), and Canada (400 MT).

Cotton:  Net sales of 78,400 RB for 2020/2021 were down 71 percent from the previous week and from the prior 4-week average.  Increases primarily for Vietnam (97,300 RB, including 13,600 RB switched from China, 1,400 RB switched from South Korea, and 400 RB switched from Japan), Pakistan (37,300 RB), Turkey (28,100 RB, including decreases of 8,800 RB), Mexico (14,100 RB, including decreases of 100 RB), and China (13,500 RB, including decreases of 24,200 RB), were offset by reductions primarily for Indonesia (119,500 RB).  For 2021/2022, net sales of 41,400 RB primarily for South Korea (19,800 RB), Vietnam (13,200 RB), Turkey (9,700 RB), Mexico (2,000 RB), and Pakistan (1,800 RB), were offset by reductions for Indonesia (6,300 RB).  Exports of 324,700 RB were up 4 percent from the previous week, but down 7 percent from the prior 4-week average.  Exports were primarily to Vietnam (70,300 RB), China (63,300 RB), Pakistan (56,300 RB), Turkey (35,200 RB), and Bangladesh (24,000 RB).  Net sales of Pima totaling 4,300 RB–a marketing-year low–were down 38 percent from the previous week and 49 percent from the prior 4-week average.  Increases primarily for India (3,100 RB), Japan (600 RB), Bangladesh (300 RB), South Korea (300 RB), and Indonesia (100 RB), were offset by reductions primarily for Italy (100 RB).  Exports of 14,300 RB were up 54 percent from the previous week and 9 percent from the prior 4-week average.  The destinations were primarily to India (11,300 RB), Peru (1,000 RB), Pakistan (900 RB), Vietnam (500 RB), and South Korea (400 RB).

Exports for Own Account:  For 2020/2021, new exports for own account totaling 500 RB were to Vietnam.  Exports for own account totaling 4,700 RB to Vietnam (3,100 RB) and China (1,600 RB) were applied to new or outstanding sales.  The current exports for own account outstanding balance of 30,200 RB is for China (23,600 RB), Vietnam (6,200 RB), and Bangladesh (400 RB).

Hides and Skins:  Net sales of 357,600 pieces for 2021 were down 36 percent from the previous week and 28 percent from the prior 4-week average.  Increases primarily for China (193,900 whole cattle hides, including decreases of 26,700 pieces), South Korea (72,500 whole cattle hides, including decreases of 2,400 pieces), Thailand (47,700 whole cattle hides, including decreases of 800 pieces), Mexico (27,900 whole cattle hides, including decreases of 3,400 pieces), and Spain (5,700 whole cattle hides), were offset by reductions primarily for Taiwan (700 pieces) and Brazil (100 pieces).  Total net sales reductions of 300 calf skins were for Italy.  In additions, total net sales of 1,800 kip skins, including decreases of 1,000 pieces, were for Belgium.  Exports of 411,100 pieces for 2021 were up 9 percent from the previous week and 8 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (259,500 pieces), South Korea (63,800 pieces), Mexico (33,400 pieces), Thailand (29,900 pieces), and Taiwan (11,400 pieces).  Exports of 800 calf skins were to Italy.  Additionally, exports of 3,500 kip skins were primarily to Belgium (2,600 kip skins).

Net sales of 222,900 wet blues for 2021 were up 1 percent from the previous week and 67 percent from the prior 4-week average.  Increases primarily for Italy (83,500 unsplit), China (75,600 unsplit and 2,300 grain splits), Mexico (42,900 grain splits), Vietnam (15,700 unsplit), and South Korea (1,600 grain split), were offset by reductions primarily for Thailand (100 unsplit).  Exports of 165,400 wet blues for 2021 were up 65 percent from the previous week and 64 percent from the prior 4-week average.  The destinations were primarily to China (50,700 unsplit and 4,800 grain splits), Vietnam (34,500 unsplit), Italy (17,200 unsplit and 6,400 grain splits), Mexico (14,700 grain splits and 1,000 unsplit), and Thailand (13,300 unsplit).  Net sales of 161,500 splits were primarily for Taiwan (86,000 pounds), China (71,700 pounds), and Italy (3,100 pounds).  Exports of 329,100 pounds were to Vietnam (237,800 pounds), Italy (47,100 pounds), and China (44,200 pounds).

Beef:  Net sales of 18,700 MT reported for 2021 were down 1 percent from the previous week and 15 percent from the prior 4-week average.  Increases primarily for Japan (6,000 MT, including decreases of 700 MT), China (5,900 MT, including decreases of 100 MT), South Korea (2,600 MT, including decreases of 600 MT), Canada (1,100 MT, including decreases of 100 MT), and Hong Kong (800 MT, including decreases of 100 MT), were offset by reductions primarily for Kuwait (100 MT).  Exports of 18,600 MT were unchanged from the previous week, but up 1 percent from the prior 4-week average.  The destinations were primarily to Japan (5,400 MT), South Korea (5,100 MT), China (2,900 MT), Mexico (1,400 MT), and Canada (800 MT).

Pork:  Net sales of 61,000 MT reported for 2021–a marketing-year high–were up 58 percent from the previous week and 43 percent from the prior 4-week average.  Increases were primarily for China (29,700 MT, including decreases of 1,200 MT), Mexico (15,800 MT, including decreases of 500 MT), Japan (4,600 MT, including decreases of 200 MT), Canada (3,700 MT, including decreases of 400 MT), and Australia (2,200 MT, including decreases of 300 MT).  Exports of 40,400 MT were up 5 percent from the previous week and 2 percent from the prior 4-week average.  The destinations were primarily to China (11,900 MT), Mexico (9,900 MT), Japan (5,200 MT), South Korea (4,000 MT), and Colombia (1,800 MT). 

U.S. EXPORT SALES FOR WEEK ENDING 3/25/2021 

 

	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	98.0	1,426.7	1,812.1	70.1	7,087.1	7,492.2	13.0	296.5
SRW	-11.5	331.4	279.2	11.7	1,451.5	2,060.1	4.0	317.3
HRS	61.7	1,550.7	1,537.5	159.2	5,927.0	5,710.2	58.5	368.5
WHITE	101.8	2,030.7	1,148.5	27.6	4,628.6	3,830.3	5.5	188.8
DURUM	0.0	78.3	230.4	0.0	592.1	682.3	0.0	5.0
TOTAL	250.1	5,417.7	5,007.7	268.7	19,686.3	19,775.1	81.0	1,176.1
BARLEY	0.1	5.8	10.7	0.4	23.1	38.7	0.0	20.2
CORN	797.3	31,808.4	13,600.8	1,977.5	33,917.6	18,306.6	60.0	1,999.5
SORGHUM	121.0	2,562.8	1,255.6	306.3	3,824.7	1,417.2	63.0	819.0
SOYBEANS	105.8	6,024.9	5,102.0	460.9	54,816.7	31,607.2	131.0	5,272.2
SOY MEAL	139.7	2,476.8	2,851.5	257.4	6,459.6	5,935.4	-0.3	250.0
SOY OIL	4.1	107.4	286.4	10.7	531.8	612.6	0.0	0.6
RICE
L G RGH	25.1	316.2	328.3	39.4	1,092.6	979.0	0.0	0.0
M S RGH	0.0	5.3	44.4	0.0	23.5	24.9	0.0	0.0
L G BRN	0.1	3.7	20.7	0.5	33.9	36.7	0.0	0.0
M&S BR	0.0	69.0	63.1	0.6	84.4	45.2	0.0	0.0
L G MLD	3.7	49.4	94.0	12.6	453.6	648.8	0.0	0.0
M S MLD	26.6	261.1	255.0	9.2	369.7	405.3	0.0	0.0
TOTAL	55.5	704.7	805.4	62.3	2,057.6	2,139.9	0.0	0.0
COTTON		THOUSAND RUNNING BALES
UPLAND	78.4	5,105.5	6,665.1	324.7	9,471.5	8,627.3	41.4	1,542.9
PIMA	4.3	247.5	211.4	14.3	491.8	328.2	0.0	1.1