Strong Grain and Soybean Export Sales as Calendar Flips to December

Posted on 03/09/2017 10:19 AM

USDA Weekly Export Sales Report
Week Ended Dec. 1, 2016

Corn
Actual Sales (in MT)

Combined: 1,496,400
2
016-17: 1,495,400
2017-18: 1,000

Trade Expectations (MT) 700,000-1,000,000
Weekly Sales Details Net sales of 1,495,400 MT for 2016-17 were up 96% from the previous week and 12% from the prior 4-week average. Increases were for Peru (426,000 MT, including decreases of 7,700 MT), Japan (320,800 MT, including 147,900 MT switched from unknown destinations), Mexico (218,800 MT, including 28,000 MT switched from unknown destinations, 20,000 MT switched from Canada, and decreases of 12,800 MT), South Korea (206,100 MT), and Saudi Arabia (182,000 MT, including 176,000 MT switched from unknown destinations and decreases of 1,600 MT). Reductions were for unknown destinations (469,800 MT) and Canada (16,400 MT). For 2017-18, net sales of 1,000 MT were reported for Nicaragua.
Weekly Export Details Exports of 1,366,400 MT were up 69% from the previous week and 94% from the prior 4-week average. The primary destinations were Japan (292,000 MT), Mexico (256,700 MT), Taiwan (214,000 MT), Saudi Arabia (182,000 MT), and Peru (72,800 MT).
Comments and Performance Indicators Sales were well above expectations. Export commitments for 2016-17 are running 74% ahead of of year-ago, compared to 76% ahead the previous week. USDA projects exports in 2016-17 at 2.225 billion bu., up 17.2% from the previous marketing year.
Wheat
Actual Sales (in MT)

Combined: 527,200
2016-17: 503,100
2017-18: 24,100

Trade Expectations (MT) 300,000-550,000
Weekly Sales Details Net sales of 503,100 metric tons for delivery in marketing year 2016-17 were up 4% from the previous week, but down 22% from the prior 4-week average. Increases were reported for Taiwan (125,300 MT, including 38,000 MT switched from unknown destinations), Japan (103,400 MT), China (57,700 MT, including 55,000 MT switched from unknown destinations), Mexico (57,600 MT, including decreases of 14,200 MT), and Nigeria (39,200 MT, including 15,100 MT switched from unknown destinations and decreases of 100 MT). Reductions of 89,100 MT were reported for unknown destinations. For 2017-18, net sales of 24,100 MT were reported for Mexico (23,400 MT) and Guatemala (700 MT).
Weekly Export Details Exports of 555,500 MT were up noticeably from the previous week and 59% from the prior 4-week average. The primary destinations were Morocco (91,900 MT), Japan (89,800 MT), China (57,800 MT), the Philippines (49,500 MT), and Chile (45,600 MT).
Comments and Performance Indicators Sales were near the top end of expectations. Export commitments for 2016-17 are running 32% ahead of year-ago versus 31% ahead the week prior. USDA projects exports in 2016-17 at 975 million bu., up 25.8% from the previous marketing year.
Soybeans
Actual Sales (in MT)

Combined: 1,467,700
2016-17: 1,461,700
2017-18: 6,000

Trade Expectations (MT) 1,000,000-1,400,000
Weekly Sales Details Net sales of 1,461,700 MT for 2016-17 were up 10% from the previous week and 5% from the prior 4-week average. Increases were reported for China (1,566,900 MT, including 693,000 MT switched from unknown destinations and decreases of 17,800 MT), Pakistan (76,000 MT), the Netherlands (70,100 MT), Vietnam (67,700 MT, including decreases of 2,100 MT), and Mexico (63,300 MT, including decreases of 600 MT). Reductions were reported for unknown destinations (501,400 MT), Singapore (3,000 MT), Burma (1,000 MT), and Cuba (800 MT). For 2017-18, net sales of 6,000 MT were reported for unknown destinations.
Weekly Export Details Exports of 1,869,700 MT were down 19% from the previous week and 31% from the prior 4-week average. The primary destinations were China (1,431,800 MT), Japan (91,400 MT), the Netherlands (70,100 MT), Vietnam (67,700 MT), and Mexico (59,100 MT).
Comments and Performance Indicators Sales topped expectations. Export commitments for 2016-17 are running 27% ahead of year-ago, compared to 27% ahead the previous week. USDA projects exports in 2016-17 at 2.050 billion bu., up 5.9% from year-ago.
Soymeal
Actual Sales (in MT) 2016-17: 222,500
Trade Expectations (MT)

50,000-250,000

Weekly Sales Details Net sales of 222,500 MT for 2016-17 were up 48% from the previous week, but down 8% from the prior 4-week average. Increases were reported for Thailand (57,800 MT, including 55,000 MT switched from unknown destinations), Canada (44,800 MT), Mexico (38,800 MT, including decreases of 100 MT), the Philippines (32,700 MT), and Guatemala (29,600 MT, including 7,600 MT switched from unknown destinations). Reductions were for unknown destinations (61,500 MT) and Taiwan (1,300 MT).
Weekly Export Details Exports of 201,000 MT were up 40% from the previous week and 2% from the prior 4-week average. The primary destinations were Thailand (57,800 MT), the Philippines (46,700 MT), Mexico (30,000 MT), Canada (12,200 MT), and Saudi Arabia (11,900 MT).
Comments and Performance Indicators Sales were near the upper end of expectations. Export commitments for 2016-17 are running 12% behind year-ago compared with 12% behind the week prior. USDA projects exports in 2016-17 to be up 0.3% from the previous marketing year.
Soyoil
Actual Sales (in MT)

2016-17: 13,400

Trade Expectations (MT) 4,000-40,000
Weekly Sales Details Net sales of 13,400 MT for 2016-17 down 75% from the previous week and 52% from the prior 4-week average. Increases were reported for South Korea (10,000 MT), Mexico (1,700 MT), and the Dominican Republic (1,500 MT). Reductions of 100 MT were reported for Colombia.
Weekly Export Details Exports of 28,600 MT were up noticeably from the previous week and 40% from the prior 4-week average. The primary destinations were Colombia (20,900 MT), Mexico (4,800 MT), and Nicaragua (2,500 MT).
Comments and Performance Indicators Sales were within expectations. Export commitments for the 2016-17 marketing year are running 11% behind year-ago, compared to 11% behind last week. USDA projects exports in 2016-17 to be down 4.0% from the previous year.
Cotton
Actual Sales (in RB) 2016-17: 405,200
Weekly Sales Details Net upland sales of 405,200 RB for 2016-17--a marketing-year high--were up noticeably from the previous week and 93% from the prior 4-week average. Increases were reported for Vietnam (103,200 RB, including decreases of 500 RB), Turkey (74,600 RB), China (60,800 RB, including 1,100 RB switched from Thailand, 800 RB switched from South Korea, and decreases of 100 RB), Japan (58,500 RB, including decreases of 500 RB), and Bangladesh (50,200 RB). Reductions were reported for Thailand (34,910 RB) and Mexico (100 RB).
Weekly Export Details Exports of 229,700 RB--a marketing-year high--were up 75% from the previous week and 85% from the prior 4-week average. The primary destinations were China (67,700 RB), Vietnam (52,200 RB), Turkey (17,300 RB), Pakistan (13,500 RB), and Thailand (13,200 RB).
Comments and Performance Indicators Export commitments for 2016-17 are 56% ahead of year-ago, compared to 50% ahead the previous week. USDA projects exports to be up 31.1% from the previous year at 12 million bales.
Beef
Actual Sales (in MT)

Combined: 15,400
2016: 4,500
2017: 10,900

Weekly Sales Details Net sales of 4,500 MT for 2016 were down 79% from the previous week and 72% from the prior 4-week average. Increases were reported for Japan (1,800 MT, including decreases of 1,500 MT), Mexico (1,400 MT), Canada (500 MT, including decreases of 100 MT), Taiwan (300 MT, including decreases of 100 MT), and Hong Kong (100 MT, including decreases of 100 MT). For 2017, net sales of 10,900 MT were primary for Japan (6,000 MT), Hong Kong (2,800 MT), South Korea (700 MT), and Taiwan (600 MT).
Weekly Export Details Exports of 16,400 MT were up 9% from the previous week and 4% from the prior 4-week average. The primary destinations were South Korea (4,700 MT), Japan (4,500 MT), Hong Kong (2,200 MT), Mexico (1,800 MT), and Canada (1,300 MT).
Comments and Performance Indicators Weekly export sales compare to 18,000 MT the week prior. USDA projects exports in 2016 to be up 8.6% from last year's total.
Pork
Actual Sales (in MT) Combined: 23,200
2016: 11,400
2017: 11,800
Weekly Sales Details Net sales of 11,400 MT for 2016 were up 29% from the previous week, but down 35% from the prior 4-week average. Increases were reported for Mexico (2,700 MT), South Korea (2,300 MT), Hong Kong (1,700 MT), Canada (1,400 MT), and Japan (1,400 MT). For 2017, net sales of 11,800 MT were primarily for South Korea (7,200 MT), Colombia (1,800 MT), Japan (900 MT), and Australia (700 MT).
Weekly Export Details Exports of 24,400 MT--a marketing-year high--were up 8% from the previous week and 10% from the prior 4-week average. The primary destinations were Mexico (10,500 MT), Japan (4,000 MT), South Korea (3,300 MT), Canada (1,800 MT), and Hong Kong (900 MT).
Comments and Performance Indicators

Export sales compare to 9,600 MT the prior week. USDA projects exports in 2016 to be 3.4% above last year's total.

 

"

Add new comment