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USDA export sales were near to above expectations for new-crop corn and soybean sales.  Old crop corn and soybeans were near the lower end of expectations.  Soybean meal sales were disappointing while soybean oil were ok.  Wheat sales topped expectations.  Sorghum sales were 77,200 tons, up slightly from the previous week.  Pork sales were 31,800 tons, down 17 percent from the pervious week. 

 

 

 

 

 

U.S. EXPORT SALES FOR WEEK ENDING 7/16/2020                            

 

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

 

THOUSAND METRIC TONS

WHEAT

 

 

 

 

 

 

 

 

   HRW    

130.5

1,695.6

1,612.9

306.0

1,618.0

1,789.1

0.0

0.0

   SRW    

146.0

675.6

832.6

5.9

213.6

303.1

0.0

0.0

   HRS     

156.3

1,770.1

1,357.0

66.2

838.3

762.6

0.0

0.0

   WHITE   

148.8

1,172.2

1,008.3

127.6

596.2

471.3

0.0

0.0

   DURUM  

35.1

203.0

297.7

22.1

158.8

59.4

0.0

0.0

     TOTAL

616.7

5,516.5

5,108.5

527.9

3,424.8

3,385.6

0.0

0.0

BARLEY

0.0

36.6

45.6

0.3

2.1

6.1

0.0

0.0

CORN

220.6

6,678.2

4,455.7

1,050.9

37,032.1

45,286.6

2,327.2

7,688.9

SORGHUM

77.2

802.2

151.1

123.2

3,558.1

1,502.2

175.0

821.0

SOYBEANS

365.2

7,865.4

8,563.1

467.2

38,807.5

40,018.8

2,300.5

10,387.0

SOY MEAL

45.3

1,719.0

2,134.8

204.7

9,691.2

9,336.1

54.2

524.3

SOY OIL

20.2

225.2

146.4

37.8

1,018.9

682.9

0.0

11.0

RICE

 

 

 

 

 

 

 

 

   L G RGH

4.6

93.3

204.0

6.1

1,329.4

1,308.9

0.0

69.5

   M S RGH

0.0

23.6

14.8

0.0

72.9

88.6

0.0

5.7

   L G BRN

0.5

10.1

2.3

0.9

58.8

39.5

0.0

0.0

   M&S BR

0.1

31.7

0.1

0.1

87.5

152.5

0.0

0.0

   L G MLD

6.2

52.4

206.0

18.9

859.5

858.3

0.0

0.0

   M S MLD

1.5

83.9

104.8

29.3

661.3

555.5

0.0

0.1

     TOTAL

12.9

294.9

532.0

55.3

3,069.5

3,003.3

0.0

75.3

COTTON

 

THOUSAND RUNNING BALES      

   UPLAND

-13.1

3,542.8

2,938.1

271.3

13,463.4

12,595.0

10.9

3,536.8

   PIMA

11.4

135.6

86.6

2.3

458.8

636.2

0.4

38.0

 Export Sales Highlights 

This summary is based on reports from exporters for the period July 10-16, 2020.

Wheat:  Net sales of 616,700 metric tons (MT) for 2020/2021 were down 19 percent from the previous week, but up 24 percent from the prior 4-week average.  Increases were primarily for China (127,100 MT), Yemen (99,500 MT), Japan (80,800 MT), Italy (47,000 MT), and Chile (46,100 MT, including 45,000 MT switched from unknown destinations and decreases of 1,500 MT).  Exports of 527,900 MT were down 18 percent from the previous week and 6 percent from the prior 4-week average.  The destinations were primarily to China (182,600 MT), South Korea (58,600 MT), Nigeria (52,100 MT), Chile (46,100 MT), and Mexico (36,100 MT). 

Corn:  Net sales of 220,600 MT for 2019/2020 were down 76 percent from the previous week and 56 percent from the prior 4-week average.  Increases primarily for Japan (154,100 MT, including 91,700 MT switched from unknown destinations and decreases of 1,500 MT), Peru (106,300 MT, including 98,600 MT switched from unknown destinations), Mexico (74,600 MT, including 30,000 MT switched from unknown destinations and decreases of 5,900 MT), Colombia (55,900 MT, including 30,000 MT switched from unknown destinations and decreases of 2,000 MT), and Guatemala (26,500 MT, including 27,500 MT switched from El Salvador), were offset by reductions for unknown destinations (222,900 MT), El Salvador (13,300 MT), and South Korea (400 MT).  For 2020/2021, net sales of 2,327,200 MT were primarily for China (1,960,000 MT), Mexico (211,000 MT), Colombia (54,000 MT), Honduras (48,200 MT), and unknown destinations (40,600 MT).  Exports of 1,050,900 MT were up 4 percent from the previous week, but down 13 percent from the prior 4-week average.  The destinations were primarily to Mexico (236,200 MT), Japan (230,500 MT), China (134,800 MT), South Korea (129,300 MT), and Peru (106,300 MT). 

Optional Origin Sales:  For 2019/2020, new exports for own account totaling 65,000 MT were to South Korea.  The current outstanding balance of 390,000 MT is for South Korea (260,000 MT), Vietnam (65,000 MT), and Taiwan (65,000 MT).  For 2020/2021, new exports for own account totaling 65,000 MT were to South Korea.  The current outstanding balance of 260,000 MT is for Vietnam (195,000 MT) and South Korea (65,000 MT).

Barley:  No net sales for 2020/2021 were reported for the week.  Exports of 300 MT were primarily to Taiwan.

Sorghum:  Net sales of 77,200 MT for 2019/2020 were up 6 percent from the previous week and 14 percent from the prior 4-week average.  Increases primarily for China (78,600 MT, including 68,000 MT switched from unknown destinations and decreases of 1,800 MT), were offset by reductions for Mexico (1,500 MT).  For 2020/2021, total net sales of 175,000 MT were for China.  Exports of 123,200 MT were up 75 percent from the previous week and 36 percent from the prior 4-week average.  The destination was primarily to China.

Rice:  Net sales of 12,900 MT for 2019/2020 were down 30 percent from the previous week, but up 1 percent from the prior 4-week average.  Increases primarily for Colombia (4,600 MT), Canada (3,100 MT), Haiti (1,900 MT), Saudi Arabia (1,500 MT), and Mexico (1,000 MT), were offset by reductions for Singapore (100 MT).  Exports of 55,300 MT were up noticeably from the previous week and up 45 percent from the prior 4-week average.  The destinations were primarily to Japan (26,400 MT), Haiti (15,300 MT), Guatemala (6,100 MT), Canada (3,300 MT), and Saudi Arabia (1,400 MT). 

Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 100 MT, all Canada.

Soybeans:  Net sales of 365,200 MT for 2019/2020 were up 17 percent from the previous week, but down 31 percent from the prior 4-week average.  Increases primarily for China (209,900 MT), the Netherlands (127,700 MT, including 125,000 MT switched from unknown destinations and decreases of 2,300 MT), Egypt (40,700 MT, including 50,000 MT switched from unknown destinations and decreases of 9,300 MT), Peru (13,000 MT, including 12,000 MT switched from unknown destinations), and Japan (12,000 MT, including 9,000 MT switched from unknown destinations), were offset by reductions primarily for unknown destinations (63,000 MT) and Mexico (18,500 MT).  For 2020/2021, net sales of 2,300,500 MT were primarily for China (1,486,000 MT), unknown destinations (669,000 MT), Spain (60,000 MT), Taiwan (48,800 MT), and Malaysia (25,300 MT).  Exports of 467,200 MT were down 19 percent from the previous week, but up 8 percent from the prior 4-week average.  The destinations were primarily to the Netherlands (127,700 MT), Egypt (105,700 MT), Mexico (78,000 MT), China (71,300 MT), and Peru (19,000 MT). 

Exports for Own Account:  For 2019/2020, the current exports for own account outstanding balance is 2,100 MT, all Canada.

Soybean Cake and MealNet sales of 45,300 MT for 2019/2020–a marketing-year low–were down 74 percent from the previous week and 65 percent from the prior 4-week average.  Increases primarily for Canada (18,100 MT, including decreases of 100 MT), Mexico (13,300 MT, including decreases of 300 MT), Colombia (13,000 MT), the Philippines (9,400 MT), and Japan (7,300 MT), were offset by reductions for Ecuador (26,200 MT), Guatemala (5,200 MT), Nepal (900 MT), and Belgium (500 MT).  For 2020/2021, net sales of 54,200 MT were for Ecuador (30,000 MT), Morocco (10,000 MT), Canada (7,700 MT), Honduras (6,000 MT), and the Philippines (500 MT).  Exports of 204,700 MT were unchanged from the previous week, but down 19 percent from the prior 4-week average.  The destinations were primarily to the Philippines (50,500 MT), Mexico (42,900 MT), Ecuador (31,800 MT), Peru (26,400 MT), and Canada (22,700 MT).

Soybean Oil:  Net sales of 20,200 MT for 2019/2020 primarily for Morocco (15,800 MT switched from unknown destinations), the Dominican Republic (12,700 MT, including decreases of 1,500 MT), Venezuela (3,900 MT), Canada (2,400 MT), and Mexico (700 MT), were offset by reductions for unknown destinations (15,800 MT).  Exports of 37,800 MT were up noticeably from the previous week and up 87 percent from the prior 4-week average.  The destinations were primarily to the Dominican Republic (16,200 MT), Morocco (15,800 MT), Colombia (4,200 MT), Mexico (1,000 MT), and Canada (600 MT). 

Cotton:  Net sales reductions of 13,100 RB for 2019/2020 were down 25 percent from the previous week and down noticeably from the prior 4-week average.  Increases for Pakistan (5,500 RB, including 4,200 RB switched from Indonesia), Vietnam (2,400 RB), Turkey (500 RB, including decreases of 100 RB), and Thailand (200 RB), were more than offset by reductions primarily for Bangladesh (8,800 RB), China (4,400 RB), Indonesia (3,900 RB), and Mexico (2,300 RB).  For 2020/2021, net sales of 10,900 RB were primarily for China (2,600 RB), Mexico (2,300 RB), Malaysia (1,800 RB), Bangladesh (1,100 RB), and Pakistan (1,000 RB).  Exports of 271,300 RB were down 13 percent from the previous week and 12 percent from the prior 4-week average.  Exports were primarily to Vietnam (82,700 RB), China (80,200 RB), Turkey (26,300 RB), Pakistan (25,300 RB), and Bangladesh (17,700 RB).  Net sales of Pima totaling 11,400 RB were up 98 percent from the previous week and up noticeably from the prior 4-week average.  Increases were primarily for India (3,900 RB), Peru (2,300 RB), China (2,200 RB), and Pakistan (2,000 RB).  For 2020/2021, total net sales of 400 RB were for India.  Exports of 2,300 RB were up noticeably from the previous week, but down 58 percent from the prior 4-week average.  The destinations were primarily to China (900 RB), Indonesia (900 RB), Bangladesh (300 RB), and El Salvador (200 RB).

Exports for Own Account:  For 2019/2020, new exports for own account totaling 10,300 RB were primarily to Vietnam (7,900 RB).  Decreases were reported for Vietnam (4,800 RB).  The current exports for own account outstanding balance of 24,100 RB is for China (11,000 RB), Indonesia (8,200 RB), Vietnam (3,900 RB), and Bangladesh (1,000 RB).

Hides and Skins: Net sales of 429,900 pieces for 2020 were down 25 percent from the previous week and 22 percent from the prior 4-week average.  Increases were primarily for China (325,500 whole cattle hides, including decreases of 6,300 pieces), Mexico (33,000 whole cattle hides, including decreases of 1,300 pieces), Indonesia (26,500 whole cattle hides, including decreases of 100 pieces), South Korea (26,300 whole cattle hides, including decreases of 1,000 pieces), and Brazil (6,500 whole cattle hides).  Exports of 384,900 pieces reported for 2020 were down 17 percent from the previous week and 12 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (285,200 pieces), Mexico (43,500 pieces), South Korea (40,200 pieces), Taiwan (6,900 pieces), and Thailand (6,600 pieces).

Net sales of 157,800 wet blues for 2020 were up noticeably from the previous week and from the prior 4-week average.  Increases primarily for China (98,400 unsplit), Italy (30,200 unsplit, 3,300 grain splits, and decreases of 200 unsplit), Thailand (15,500 unsplit), the Dominican Republic (8,800 unsplit), and Vietnam (2,400 unsplit), were offset by reductions primarily for Taiwan(2,400 unsplit) and Mexico (300 grain splits).  Exports of 82,000 wet blues for 2020 were up 1 percent from the previous week and 18 percent from the prior 4-week average.  The destinations were primarily to China (26,200 unsplit), Italy (23,500 unsplit), Thailand (16,300 unsplit), Vietnam (10,400 unsplit), and Brazil (2,200 grain splits).  Total net sales of 120,000 splits were for Vietnam.  Exports of 201,000 pounds were to Vietnam (160,000 pounds) and China (41,000 pounds).

Beef: Net sales of 15,600 MT reported for 2020 were down 44 percent from the previous week and 15 percent from the prior 4-week average.  Increases primarily for South Korea (4,500 MT, including decreases of 400 MT), Japan (4,200 MT, including decreases of 1,000 MT), Taiwan (2,400 MT, including decreases of 100 MT), Hong Kong (2,100 MT, including decreases of 100 MT), and Canada (700 MT, including decreases of 100 MT), were offset by reductions for Indonesia (200 MT) and Guatemala (100 MT).  Exports of 16,100 MT were up 4 percent from the previous week and 1 percent from the prior 4-week average.  The destinations were primarily to South Korea (5,400 MT), Japan (4,400 MT), Taiwan (1,600 MT), Hong Kong (1,100 MT), and Canada (1,100 MT).

Pork: Net sales of 31,800 MT reported for 2020 were down 17 percent from the previous week and 4 percent from the prior 4-week average.  Increases primarily for Mexico (12,900 MT, including decreases of 100 MT), China (7,200 MT, including decreases of 600 MT), Japan (4,300 MT, including decreases of 200 MT), Canada (3,200 MT, including decreases of 400 MT), and South Korea (1,300 MT, including decreases of 100 MT), were offset by reductions for Nicaragua (200 MT).  For 2021, total net sales of 300 MT were for Australia.  Exports of 35,700 MT were up 22 percent from the previous week and 16 percent from the prior 4-week average.  The destinations were primarily to China (13,700 MT), Mexico (8,600 MT), Japan (3,600 MT), Canada (3,500 MT), and South Korea (1,400 MT).

 

July 23, 2020                                      1                                   FOREIGN AGRICULTURAL SERVICE/USDA

 

                                                                                                SUMMARY OF EXPORT TRANSACTIONS
                                                                                 REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
                                                   
                                            FOR PERIOD ENDING JULY 16, 2020 

COMMODITY                                             DESTINATION                                            QUANITY (MT)                            MARKETING YEAR
 
CORN                                                           CHINA                                                           1,894,000 MT  1/                          2020/2021
SOYBEANS                                                 CHINA                                                              132,000 MT  1/                          2019/2020
SOYBEANS                                                 CHINA                                                           1,040,000 MT  1/                          2020/2021
SOYBEANS                                                 UNKNOWN                                                        65,000 MT  1/                          2019/2020
SOYBEANS                                                 UNKNOWN                                                      412,000 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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