PDF attached

 

USDA export sales.  New crop for corn and soybeans.  Note soybean sales included a total of 2,538,200 MT in sales were carried over from the 2019/2020 marketing year, which ended August 31.  Therefore soybean export sales were well below expectations.   A total of 1,250,400 MT in corn sales were carried over from the 2019/2020 marketing year.  Corn export sales were also ok to poor. 

 

See text below

 

 

 

Export Sales Highlights

This summary is based on reports from exporters for the period August 28-September 3, 2020.

Wheat:  Net sales of 484,400 metric tons (MT) for 2020/2021 were down 17 percent from the previous week and 14 percent from the prior 4-week average.  Increases primarily for the Philippines (123,100 MT), Japan (116,500 MT), Mexico (85,500 MT, including 400 MT switched from the Dominican Republic), Indonesia (55,500 MT), and Taiwan (51,100 MT, including decreases of 800 MT), were offset by reductions primarily for South Korea (25,200 MT), unknown destinations (22,100 MT), Guatemala (8,100 MT), and Peru (6,000 MT).  Exports of 726,900 MT–a marketing-year high–were up 50 percent from the previous week and 45 percent from the prior 4-week average.  The destinations were primarily to Yemen (99,300 MT), Vietnam (91,800 MT), China (90,100 MT), Mexico (70,700 MT), and Brazil (60,800 MT). 

Late Reporting:  For 2020/2021, exports totaling 24,800 MT were reported late.  The destination was Malaysia.

Corn:  Net sales for the 2020/2021 marketing year, which began September 1, totaled 1,823,300 MT.  Increases were primarily for China (1,194,500 MT, including decreases of 63,000 MT), Japan (255,900 MT), Mexico (215,000 MT, including 8,000 MT switched from Guatemala and decreases of 14,400 MT), Colombia (75,100 MT, including 53,000 MT switched from unknown destinations and decreases of 9,200 MT), and Panama (59,700 MT).  Reductions were primarily for Jamaica (80,100 MT).  A total of 1,250,400 MT in sales were carried over from the 2019/2020 marketing year, which ended August 31.  Exports for the period ending August 31 of 651,600 MT brought accumulated exports to 43,273,800 MT, down 14 percent from the prior year’s total of 49,202,100 MT.  The primary destinations were China (201,700 MT), Japan (177,000 MT), Mexico (150,100 MT), Honduras (28,100 MT), and El Salvador (23,800 MT).  Exports for September 1-3 totaled 245,700 MT, with China (67,500 MT), Mexico (62,900 MT), Colombia (54,700 MT), and Canada (47,900 MT) being the primary destinations.

Optional Origin Sales:  For 2019/2020, decreases totaling 800 MT were reported for Taiwan.  For 2020/2021, new optional origin sales of 324,200 MT were reported for South Korea (195,000 MT), Vietnam (65,000 MT), and Taiwan (64,200 MT).  The current outstanding balance of 724,200 MT is for South Korea (260,000 MT), Vietnam (260,000 MT), and Taiwan (204,200 MT).

Barley:  No net sales or exports for 2020/2021 were reported for the week.

Sorghum:  Net sales for the 2020/2021 marketing year, which began September 1, totaled 56,000 MT.  Increases reported for China (86,000 MT, including 30,000 MT switched from unknown destinations), were offset by reductions for unknown destinations (30,000 MT).  A total of 107,900 MT in sales were carried over from the 2019/2020 marketing year, which ended August 31.  Exports for the period ending August 31 of 100 MT brought accumulated exports to 4,529,300 MT, up 63 percent from the prior year’s total of 1,693,800 MT.  The destination was China (100 MT).  Total exports for September 1-3 of 33,000 MT were to China.

Rice:  Net sales of 28,900 MT for 2020/2021 primarily for Mexico (11,400 MT), Saudi Arabia (5,800 MT), El Salvador (3,000 MT), Canada (2,500 MT), and Costa Rica (2,500 MT), were offset by reductions for New Zealand (100 MT).  Exports of 12,000 MT were primarily to South Korea (4,100 MT), Canada (2,500 MT), Saudi Arabia (2,100 MT), United Arab Emirates (800 MT), and Mexico (600 MT).

Soybeans:  Net sales for the 2020/2021 marketing year, which began September 1, totaled 3,161,800 MT.  Increases were primarily for China (1,592,900 MT, including 66,000 MT switched from unknown destinations and decreases of 4,200 MT), unknown destinations (926,000 MT), Mexico (272,200 MT), Egypt (145,000 MT), and the Netherlands (57,500 MT, including 60,000 MT switched from unknown destinations and decreases of 2,500 MT).  Reductions were for Algeria (2,600 MT).  A total of 2,538,200 MT in sales were carried over from the 2019/2020 marketing year, which ended August 31.  Exports for the period ending August 31 of 1,149,400 MT brought accumulated exports to 44,934,500 MT, down 4 percent from the prior year’s total of 46,770,300 MT.  The primary destinations were China (542,200 MT), Germany (209,300 MT), Mexico (71,500 MT), the Netherlands (69,300 MT), and Pakistan (65,600 MT).  Exports for September 1-3 totaled 526,200 MT, with China (400,900 MT), the Netherlands (57,500 MT), Algeria (32,400 MT), Mexico (11,000 MT), and Taiwan (8,200 MT) being the primary destinations.

Export for Own Account:  For 2019/2020, exports for own account totaling 32,400 MT to Canada were applied to new or outstanding sales. For 2020/2021, new exports for own account totaling 7,300 MT were carried over from the 2019/2020 marketing year, which ended August 31.  The current exports for own account outstanding balance is 7,300 MT, all Canada.

Export Adjustments:  Accumulated export of soybeans to the Netherlands were adjusted down 80,162 MT for week ending August 13th, 59,491 MT for week ending August 20th, and 69,620 MT for week ending August 27th.  The correct destination for these shipments is Germany and is included in this week’s report.  

Soybean Cake and Meal:  Net sales of 26,600 MT for 2019/2020–marketing-year low–were down 77 percent from the previous week and 72 percent from the prior 4-week average.  Increases primarily for Indonesia (24,100 MT), Mexico (15,100 MT), the Dominican Republic (11,000 MT), Vietnam (8,800 MT), and Japan (5,200 MT), were offset by reductions primarily for Canada (41,600 MT).  For 2020/2021, net sales of 333,000 MT primarily for the Philippines (175,000 MT), Colombia (81,000 MT), Panama (22,600 MT), the Dominican Republic (21,000 MT), and Canada (13,300 MT), were offset by reductions for Jamaica (10,500 MT).  Exports of 179,000 MT were up 12 percent from the previous week, but down 12 percent from the prior 4-week average.  The destinations were primarily to the Philippines (45,900 MT), the Dominican Republic (32,000 MT), Mexico (21,900 MT), Canada (15,500 MT), and Morocco (15,400 MT).

Soybean Oil:  Net sales of 4,100 MT for 2019/2020 resulting in increases primarily for the Dominican Republic (7,300 MT, including 5,000 MT switched from Colombia), Canada (1,700 MT), and Belgium (100 MT), were offset by reductions for Colombia (5,000 MT).  For 2020/2021, total net sales reductions of 3,000 MT were reported for Guatemala.  Exports of 20,500 MT were up noticeably from the previous week and up 43 percent from the prior 4-week average.  The destinations were primarily to the Dominican Republic (7,000 MT), Colombia (7,000 MT), Guatemala (4,700 MT), Canada (1,400 MT), and Mexico (300 MT).

Cotton:  Net sales of 126,700 RB for 2020/2021 primarily for China (79,100 RB), Vietnam (20,300 RB, including decreases of 600 RB), Thailand (8,700 RB, including 1,300 RB switched from Indonesia), Turkey (8,700 RB, including decreases of 200 RB), and Pakistan (7,300 RB, including decreases of 100 RB), were offset by reductions primarily for Colombia (5,300 RB) and Honduras (3,500 RB).  For 2021/2022, total net sales of 70,400 RB were reported for Indonesia.  Exports of 230,500 RB were primarily to China (90,400 RB), Vietnam (35,600 RB), Turkey (27,100 RB), Bangladesh (14,900 RB), and Mexico (13,500 RB).  Net sales of Pima totaling 17,400 RB were primarily for Vietnam (5,000 RB), Pakistan (4,000 RB), India (3,700 RB), China (1,500 RB), and Peru (1,000 RB).  For 2021/2022, total net sales of 700 RB were reported for Italy.  Exports of 10,700 RB were primarily to India (4,900 RB), China (2,300 RB), Pakistan (900 RB), Bangladesh (900 RB), and Thailand (900 RB). 

Exports for Own account:  For 2020/2021, exports for own account totaling 4,300 RB to China were applied to new or outstanding sales.  The current exports for own account outstanding balance of 15,400 RB is for China (8,700 RB), Indonesia (3,900 RB), Vietnam (1,800 RB), and Bangladesh (1,000 RB). 

Hides and Skins: Net sales of 337,500 pieces for 2020 were down 6 percent from the previous week and 26 percent from the prior 4-week average.  Increases were primarily for China (249,200 whole cattle hides, including decreases of 7,000 pieces), Belgium (22,400 whole cattle hides),  Indonesia (20,400 whole cattle hides), Brazil (19,500 whole cattle hides, including decreases of 100 pieces), and Mexico (13,900 whole cattle hides, including decreases of 400 pieces).  Additionally, net sales reductions of 400 kip skins were primarily for Belgium (300 kip skins).  Exports of 373,200 pieces reported for 2020 were down 3 percent from the previous week and 17 percent from the prior 4-week average.  Whole cattle hides exports were primarily to China (315,000 pieces), South Korea (23,900 pieces), Mexico (21,600 pieces), Thailand (3,400 pieces), and Brazil (2,000 pieces).  In addition, exports of 4,800 kip skins were primarily to Belgium (2,600 kip skins).

Net sales of 153,300 wet blues for 2020 were up 9 percent from the previous week, but down 6 percent from the prior 4-week average.  Increases primarily for Thailand (62,500 unsplit), China (41,900 unsplit), Italy (32,400 unsplit, including decreases of 900 unsplit), Mexico (7,900 grain splits and 2,600 unsplit, including decreases of 100 grain splits), and Taiwan (4,800 unsplit and 1,600 grain splits), were offset by reductions for Vietnam (1,100 unsplit).  Exports of 55,400 wet blues for 2020 were down 58 percent from the previous week and 47 percent from the prior 4-week average.  The destinations were primarily to Thailand (15,800 unsplit), Italy (12,800 unsplit), China (6,700 unsplit and 4,400 grain splits), Mexico (4,900 grain splits and 4,400 unsplit), and Vietnam (4,000 unsplit).  Net sales of 830,100 splits were primarily for Vietnam (582,900 pounds, including decreases of 109,000 pounds).  Exports of 680,600 pounds were to Vietnam (637,500 pounds) and China (43,100 pounds).

Beef: Net sales of 15,500 MT reported for 2020 were up 37 percent from the previous week and 14 percent from the prior 4-week average.  Increases were primarily for South Korea (5,600 MT, including decreases of 400 MT), Japan (4,300 MT, including decreases of 400 MT), Mexico (1,300 MT), China (1,200 MT), and Hong Kong (700 MT, including decreases of 200 MT).  For 2021, total net sales of 100 MT were for Japan.  Exports of 16,100 MT were down 8 percent from the previous week and 9 percent from the prior 4-week average.  The destinations were primarily to South Korea (4,900 MT), Japan (4,100 MT), Taiwan (1,500 MT), Hong Kong (1,300 MT), and

China (1,300 MT).

Pork: Net sales of 30,200 MT reported for 2020 were down 44 percent from the previous week and 3 percent from the prior 4-week average.  Increases were primarily for Mexico (8,900 MT, including decreases of 300 MT), China (8,300 MT, including decreases of 400 MT), Japan (5,600 MT, including decreases of 200 MT), Chile (2,000 MT), and Canada (2,000 MT, including decreases of 400 MT).  For 2021, total net sales of 100 MT were for Australia.  Exports of 33,600 MT were up 3 percent from the previous week and 2 percent from the prior 4-week average.  The destinations were primarily to Mexico (11,100 MT), China (8,500 MT), Japan (4,700 MT), Canada (2,300 MT), and South Korea (2,100 MT).

 

September 11, 2020                                           1             FOREIGN AGRICULTURAL SERVICE/USDA

 

                                                                                                SUMMARY OF EXPORT TRANSACTIONS
                                                                                 REPORTED UNDER THE DAILY SALES REPORTING SYSTEM
                                                   
                                            FOR PERIOD ENDING SEPTEMBER 3, 2020 

 

COMMODITY                        DESTINATION                                QUANITY (MT)                            MARKETING YEAR                     

CORN                                      CHINA                                             1,192,000 MT 1/                                 2020/2021

SOYBEANS                            CHINA                                                978,000 MT 1/                                 2020/2021

SOYBEANS                            UNKNOWN                                        450,000 MT 1/                                 2020/2021  

SOYBEAN MEAL                  PHILIPPINES                                     175,000 MT 1/                                 2020/2021

 

1/ EXPORT SALES.

U.S. EXPORT SALES FOR WEEK ENDING 9/3/2020                       

          

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    

144.2

1,856.1

1,425.4

151.1

3,000.5

3,069.2

0.0

10.9

   SRW    

-3.0

517.5

680.9

106.3

568.1

836.6

0.0

1.0

   HRS     

102.1

1,831.7

1,716.8

254.9

1,973.7

1,641.8

0.0

5.0

   WHITE   

239.9

1,226.0

1,017.6

196.4

1,486.1

1,129.4

0.0

0.0

   DURUM  

1.2

256.8

302.5

18.3

231.6

186.3

0.0

0.0

     TOTAL

484.4

5,688.2

5,143.0

726.9

7,259.9

6,863.3

0.0

16.9

BARLEY

0.0

30.8

44.7

0.0

8.4

12.7

0.0

0.0

CORN

1,823.3

18,601.2

6,778.1

245.7

245.7

412.2

0.0

206.0

SORGHUM

56.0

2,415.0

38.7

33.0

33.0

28.8

0.0

0.0

SOYBEANS

3,161.8

29,359.7

9,033.2

526.2

526.2

419.5

0.0

60.0

SOY MEAL

26.6

1,086.2

1,311.0

179.0

11,099.3

10,773.3

333.0

1,870.6

SOY OIL

4.1

121.8

130.0

20.5

1,155.1

769.8

-3.0

102.0

RICE

 

 

 

 

 

 

 

 

   L G RGH

17.8

186.9

380.0

0.2

50.8

164.4

0.0

0.0

   M S RGH

0.0

27.4

27.4

0.1

1.5

3.4

0.0

0.0

   L G BRN

0.2

8.3

8.1

0.1

2.7

2.1

0.0

0.0

   M&S BR

1.0

19.1

0.1

4.2

13.9

0.4

0.0

0.0

   L G MLD

3.0

68.5

209.3

3.7

20.2

130.4

0.0

0.0

   M S MLD

6.8

42.6

79.6

3.7

52.8

66.3

0.0

0.0

     TOTAL

28.9

352.9

704.5

12.0

141.7

366.9

0.0

0.0

COTTON

 

THOUSAND RUNNING BALES      

 

   UPLAND

126.7

5,627.9

7,063.4

230.5

1,482.1

1,258.8

70.4

399.5

   PIMA

17.4

195.5

116.1

10.7

47.1

42.2

0.7

0.7

 

FINAL 2019/20 MARKETING YEAR

COMMODITY

NET SALES

CARRYOVER

SALES 1/

8/31/20

EXPORTS

ACCUMULATED

EXPORTS

CORN

-63.3

1,250.4

651.6

43,273.8

SORGHUM

0.0

107.9

0.1

4,529.3

SOYBEANS

170.2

2,538.2

1,149.4

44,934.5

 

 

 

 

 

 

 

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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