PDF attached does not include wheat as we need to adjust our tables and graphs for new-crop

 

 

 

 

 

 

 

  U.S. EXPORT SALES FOR WEEK ENDING 6/4/2020                               

 

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

WHEAT

THOUSAND METRIC TONS      

   HRW    

106.8

1,976.3

2,429.7

121.8

121.8

191.3

0.0

0.0

   SRW    

0.1

529.5

853.8

2.1

2.1

30.0

0.0

0.0

   HRS     

114.1

1,751.9

1,347.4

18.0

18.0

78.2

0.0

0.0

   WHITE   

47.9

1,136.5

948.0

9.0

9.0

57.5

0.0

0.0

   DURUM  

1.4

261.9

189.1

21.4

21.4

23.1

0.0

0.0

     TOTAL

270.4

5,656.1

5,768.0

172.4

172.4

380.1

0.0

0.0

BARLEY

0.0

40.2

50.0

0.5

0.5

0.5

0.0

0.0

CORN

660.7

10,880.7

7,147.6

1,241.2

30,252.2

41,259.1

25.9

3,438.4

SORGHUM

69.7

1,160.3

415.6

230.3

2,856.1

1,144.4

83.0

278.0

SOYBEANS

1,003.7

7,442.4

11,266.1

292.6

36,218.6

35,652.7

1,212.5

4,152.3

SOY MEAL

207.9

2,446.1

2,687.8

181.8

8,280.0

8,430.6

-19.0

285.9

SOY OIL

9.5

260.8

151.0

6.4

898.8

610.7

0.0

11.0

RICE

 

 

 

 

 

 

 

 

   L G RGH

-57.5

187.2

203.6

6.5

1,216.7

1,143.3

57.0

57.0

   M S RGH

5.7

36.9

15.9

1.4

65.3

81.2

0.0

0.0

   L G BRN

0.1

12.6

3.4

0.1

55.2

37.7

0.0

0.0

   M&S BR

0.0

41.4

2.7

1.2

77.4

144.2

0.0

0.0

   L G MLD

21.3

46.3

181.0

21.3

819.4

752.2

0.0

0.0

   M S MLD

12.9

163.1

144.7

18.8

564.1

494.3

0.0

0.0

     TOTAL

-17.5

487.5

551.3

49.4

2,798.0

2,652.9

57.0

57.0

COTTON

 

THOUSAND RUNNING BALES      

 

   UPLAND

399.6

5,115.6

4,519.4

294.3

11,609.7

10,649.0

193.4

3,027.7

   PIMA

3.4

132.2

163.2

14.7

428.5

553.3

0.1

33.9

                                                                                                                                      

Export Sales Highlights 

This summary is based on reports from exporters for the period May 29-June 4, 2020.

 

  • Wheat:  Net sales for the 2020/2021 marketing year, which began June 1, totaled 270,400 MT metric tons, resulting increases for Guatemala (96,000 MT), the Philippines (71,500 MT), Indonesia (66,200 MT, including 12,200 MT switched from unknown destinations and decreases of 1,000 MT), China (63,000 MT, including 60,000 MT switched from unknown destinations), and Colombia (29,800 MT, including 27,200 RB switched from unknown destinations.  Reductions were for unknown destinations (160,400 MT) and South Africa (40,000 MT).  A total of 2,088,000 MT in sales were carried over from the 2019/2020 marketing year, which ended May 31.  Exports for the period ending May 31, of 334,900 MT brought accumulated exports to 24,812,200 MT, up 2 percent from the prior year’s total of 24,231,600 MT.  The primary destinations were primarily the Philippines (76,100 MT), Nigeria (48,700 MT), South Africa (44,000 MT), Guatemala (40,300 MT), and Indonesia (33,100 MT).  Exports for June 1- 4, totaled 172,400 MT, with China (63,000 MT), Colombia (29,500 MT), Italy (21,400 MT), Vietnam (20,600 MT), and Mexico (13,500 MT) being the primary destinations.
  • Corn:  Net sales of 660,700 MT for 2019/2020 were up 4 percent from the previous week, but down 12 percent from the prior 4-week average.  Increases primarily for Japan (266,900 MT, including 95,300 MT switched from unknown destinations and decreases of 5,100 MT), Colombia (128,700 MT, including 25,000 MT switched from unknown destinations and decreases of 900 MT), South Korea (114,800 MT, including decreases of 7,000 MT), Mexico (90,200 MT, including decreases of 132,300 MT), and Saudi Arabia (59,500 MT, including 63,000 MT switched from unknown destinations and decreases of 3,500 MT), were offset by reductions primarily for unknown destinations (163,000 MT).  For 2020/2021, net sales of 25,900 MT reported for Peru (40,100 MT), Jamaica (5,000 MT), and Honduras (2,600 MT), were offset by reductions primarily for Mexico (14,600 MT) and Colombia (7,000 MT).  Exports of 1,241,200 MT were down 8 percent from the previous week, but unchanged from the prior 4-week average.  The destinations were primarily to Mexico (293,700 MT), South Korea (237,300 MT), Japan (208,000 MT), Peru (129,800 MT), and Israel (61,900 MT).   Optional Origin Sales:  For 2019/2020, new optional origin sales of 65,000 MT were reported for Vietnam.  Options were exercised to export 54,000 MT to South Korea from the United States.  Decreases totaling 195,000 MT were reported for Vietnam.  The current outstanding balance of 459,000 MT is for South Korea (329,000 MT), Vietnam (65,000 MT), and Taiwan (65,000 MT).  For 2020/2021, new optional origin sales of 195,000 MT were reported for Vietnam. The current outstanding balance of 195,000 MT is for Vietnam.  Export Adjustments: Accumulated exports of corn to Guatemala were adjusted down 3,469 MT for week ending May 28th. These exports were reported in error.
  • Barley:  No net sales were reported for the 2020/2021 marketing year, which began June 1.  A total of 9,200 MT in sales were carried over from the 2019/2020 marketing year, which ended May 31.  Accumulated exports were 41,100 MT, down 3 percent from the prior year’s total of 42,500 MT.  Exports for the period ending May 31 totaled 500 MT, with Japan being the destination. There were no exports for the period ending June 1.
  • Sorghum:  Net sales of 69,700 MT for 2019/2020 were down 25 percent from the previous week and 19 percent from the prior 4-week average.  Increases reported for China (66,700 MT) and Eritrea (33,000 MT, switched from unknown destinations), were offset by reductions for unknown destinations (30,000 MT).  For 2020/2021, total net sales of 83,000 MT were for unknown destinations.  Exports of 230,300 MT were up noticeably from the previous week and up 83 percent from the prior 4-week average.  The destinations were to China (197,300 MT) and Eritrea (33,000 MT, late – see below).    Late Reporting:  For 2019/2020, exports totaling 33,000 MT were reported late.  The destination was Eritrea.
  • Rice:  Net sales reductions of 17,500 MT for 2019/2020–a marketing-year low–were down noticeably from the previous week and from the prior 4-week average.  Increases primarily for Haiti (11,600 MT, including decreases of 100 MT), Mexico (9,600 MT), Jordan (6,000 MT), Saudi Arabia (5,500 MT), and Canada (3,100 MT, including decreases of 100 MT), were more than offset by reductions primarily for Nicaragua (57,000 MT).  For 2020/2021, total net sales of 57,000 MT were for Nicaragua.  Exports of 49,400 MT were down 35 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were primarily to Japan (15,300 MT), Haiti (15,200 MT), El Salvador (6,000 MT), Saudi Arabia (3,300 MT), and Canada (3,100 MT).    Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 100 MT, all Canada.  Export Adjustments: Accumulated exports of long grain rough rice to Mexico were adjusted down 30,000 MT and exports of long grain milled rice to Mexico were adjusted down 25,250 MT for week ending May 14th. These exports were reported in error.
  • Soybeans:  Net sales of 1,003,700 MT for 2019/2020 were up noticeably from the previous week and up 36 percent from the prior 4-week average.  Increases were primarily for China (337,000 MT), unknown destinations (213,200 MT), Mexico (85,000 MT), Japan (72,400 MT, including 56,800 MT switched from unknown destinations and decreases of 1,500 MT), and Taiwan (70,300 MT, including decreases of 100 MT).  For 2020/2021, net sales of 1,212,500 MT were primarily for unknown destinations (644,000 MT), China (517,000 MT), and Taiwan (46,000 MT).  Exports of 292,600 MT–a marketing-year low–were down 39 percent from the previous week and 33 percent from the prior 4-week average.  The destinations were primarily to Japan (61,200 MT), Bangladesh (58,300 MT), Mexico (48,900 MT), Egypt (48,300 MT), and Indonesia (26,100 MT).    Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 2,100 MT, all Canada.   Late Reporting: For 2019/2020, exports totaling 4,100 MT were reported late. The destination was Cuba.
  • Soybean Cake and Meal:  Net sales of 207,900 MT for 2019/2020 were down 63 percent from the previous week and 15 percent from the prior 4-week average.  Increases primarily for El Salvador (37,200 MT, including 11,000 MT switched from Guatemala, 5,000 MT switched from Honduras, 1,000 MT switched from Nicaragua, and decreases of 100 MT), the Philippines (32,200 MT, including decreases of 900 MT), Mexico (29,600 MT), Peru (25,200 MT), and Canada (23,700 MT, including decreases of 1,400 MT), were offset by reductions for Guatemala (10,000 MT), Honduras (4,400 MT), Qatar (1,600 MT), Nicaragua (1,000 MT), and Taiwan (500 MT).  For 2020/2021, net sales reductions of 19,000 MT resulting in increases for Canada (300 MT), were more than offset by reductions for Colombia (19,300 MT).  Exports of 181,800 MT were down 37 percent from the previous week and 19 percent from the prior 4-week average.  The destinations were primarily to Morocco (32,300 MT), Mexico (28,800 MT), Colombia (26,600 MT), Canada (26,000 MT), and El Salvador (19,900 MT).   Export Adjustments: Accumulated exports of soybean cake and meal to New Zealand were adjusted down 5,000 MT for week ending May 28th.  The correct destination is Australia and is included in this week’s report.
  • Soybean Oil:  Net sales of 9,500 MT for 2019/2020 primarily for Colombia (2,700 MT, including decreases of 300 MT), South Korea (2,600 MT), the Dominican Republic (2,100 MT), El Salvador (2,000 MT), and Mexico (500 MT), were offset by reductions for Canada (500 MT).  Exports of 6,400 MT were down 92 percent from the previous week and 86 percent from the prior 4-week average.  The destinations were to Colombia (2,500 MT), Mexico (1,300 MT), El Salvador (1,100 MT), Nicaragua (800 MT), and Canada (400 MT).
  • Cotton:  Net sales of 399,600 RB for 2019/2020 were down noticeably from the previous week, but up noticeably from the prior 4-week average.  Increases for China (209,500 RB, including 2,200 RB switched from Vietnam and decreases of 28,700 RB), Vietnam (176,200 RB, including 2,000 RB switched from South Korea), Pakistan (13,200 RB), Turkey (11,100 RB), and Thailand (100 RB, including decreases of 900 RB), were offset by reductions primarily for Malaysia (5,300 RB), Bangladesh (2,800 RB), and South Korea (2,000 RB).  For 2020/2021, net sales of 193,400 RB were primarily for China (161,700 RB), Vietnam (22,000 RB), Malaysia (5,300 RB), and Bangladesh (3,500 RB).  Exports of 294,300 RB were up 24 percent from the previous week and 18 percent from the prior 4-week average.  Exports were primarily to China (86,400 RB), Vietnam (67,400 RB), Turkey (56,500 RB), Pakistan (32,400 RB), and Bangladesh (15,800 RB).  Net sales of Pima totaling 3,400 RB were up noticeably from the previous week and up 27 percent from the prior 4-week average.  Increases were for China (900 RB), India (500 RB), Pakistan (400 RB), Bangladesh (400 RB), and Turkey (400 RB).  For 2020/2021, total net sales of 100 RB were reported for China.  Exports of 14,700 RB were up noticeably from the previous week and from the prior 4-week average.  The destinations were primarily to China (8,300 RB), Pakistan (2,400 RB), India (1,300 RB), Bangladesh (900 RB), and Egypt (700 RB).  Exports for Own Account:  For 2019/2020, exports for own account totaling 8,200 RB to Vietnam (6,000 RB) and China (2,200 RB) were applied to new or outstanding sales.  The current exports for own account outstanding balance of 23,500 RB is for China (8,500 RB), Indonesia (8,200 RB), Vietnam (5,800 RB), and Bangladesh (1,000 RB)

·         Hides and Skins: Net sales of 757,800 pieces for 2020 were up 93 percent from the previous week and up noticeably from the prior 4-week average.  Increases primarily for China (709,400 whole cattle hides, including decreases of 10,900 pieces), South Korea (22,600 whole cattle hides, including decreases of 400 pieces), Mexico (10,200 whole cattle hides, including decreases of 400 pieces), Thailand (7,900 whole cattle hides, including decreases of 24,900 pieces), and Taiwan (4,700 whole cattle hides), were offset by reductions for Indonesia (100 whole cattle hides).  Additionally, net sales reductions were reported for Canada (100 kip skins). Exports of 430,100 pieces reported for 2020 were up 4 percent from the previous week and 3 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (370,100 pieces), South Korea (25,900 pieces), Mexico (9,700 pieces), Vietnam (6,400 pieces), and Thailand (5,700 pieces).  In addition, there were exports to Italy (1,300 kip skins) and Canada (1,300 kip skins).

·         Net sales of 135,200 wet blues for 2020 were up noticeably from the previous week and from the prior 4-week average.  Increases were primarily for China (93,700 unsplit and 1,100 grain splits), Mexico (16,000 grain splits, 800 unsplit, and decreases of 100 unsplit), Italy (14,000 unsplit, including decreases of 800 unsplit), the Dominican Republic (7,200 unsplit), and South Korea (2,000 grain splits).  Exports of 92,300 wet blues for 2020 were up 42 percent from the previous week and 27 percent from the prior 4-week average.  The destinations were to Italy (80,200 unsplit), Thailand (4,000 unsplit and 1,600 grain splits), Brazil (2,200 grain splits), Vietnam (2,100 unsplit), and the Dominican Republic (800 unsplit).  Net sales reductions of 2,500 splits for China (including decreases of 4,000 splits).  Exports of 218,400 pounds were to Vietnam (120,000 pounds) and China (98,400 pounds).

·         Beef: Net sales of 20,400 MT reported for 2020 were up 66 percent from the previous week and up noticeably from the prior 4-week average.  Increases were primarily for South Korea (7,200 MT, including decreases of 300 MT), Japan (5,500 MT, including decreases of 600 MT), Mexico (2,300 MT), Canada (2,200 MT, including decreases of 100 MT), and Taiwan (1,900 MT, including decreases of 100 MT).  Exports of 10,900 MT were up 14 percent from the previous week, but down 1 percent from the prior 4-week average.  The destinations were primarily to Japan (4,000 MT), South Korea (3,200 MT), Hong Kong (1,100 MT), Taiwan (1,000 MT), and Canada (300 MT).  

·         Pork: Net sales of 17,200 MT reported for 2020 were down 1 percent from the previous week, but up 60 percent from the prior 4-week average.  Increases were primarily for Mexico (5,100 MT, including decreases of 100 MT), Canada (4,700 MT, including decreases of 300 MT), China (2,600 MT, including decreases of 2,600 MT), Japan (1,800 MT, including decreases of 700 MT and late 100 MT – see below), and Honduras (1,400 MT).  Exports of 31,700 MT were up 1 percent from the previous week, but down 8 percent from the prior 4-week average.  The destinations were primarily to China (12,700 MT), Mexico (8,200 MT), Japan (4,300 MT, late 100 MT – see below), South Korea (1,800 MT), and Canada (1,600 MT).  Late Reporting: For 2020, net sales totaling 100 MT were reported late. These sales were reported for Japan.  For 2020, exports totaling 100 MT were reported late. The destination was Japan.

 

 

                                                                                                SUMMARY OF EXPORT TRANSACTIONS
                                                                                 REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
                                                   
                                            FOR PERIOD ENDING JUNE 4, 2020 

COMMODITY                                             DESTINATION                                            QUANITY (MT)                            MARKETING YEAR

SOYBEANS                                                 CHINA                                                         132,000 MT 1/                                2019/2020

SOYBEANS                                                 UNKNOWN                                                 382,000 MT 1/                                2019/2020

SOYBEANS                                                 UNKNOWN                                                 512,000 MT 1/                                2020/2021

 

1/ Export sales. 

 

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

treilly@futures-int.com

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly

 

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