Wheat export sales hit marketing-year high
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USDA Weekly Export Sales Report Week Ended Jan. 20, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 1,402,300 |
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Expectations (in MT) |
2021-22: 600,000-1,200,000 |
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Weekly Sales Details |
Net sales of 1,402,300 MT for 2021/2022 were up 29 percent from the previous week and 84 percent from the prior 4-week average. Increases primarily for Japan (563,700 MT, including 219,700 MT switched from unknown destinations and decreases of 3,100 MT), Mexico (266,000 MT, including decreases of 44,200 MT), unknown destinations (102,100 MT, including 65,000 MT – late), Colombia (98,400 MT, including 41,000 MT switched from unknown destinations and decreases of 8,600 MT), and Guatemala (67,900 MT, including decreases of 1,900 MT), were offset by reductions for Morocco (100 MT). Net sales reductions of 165,000 MT for 2022/2023 were reported for Japan (110,000 MT) and Mexico (55,000 MT). |
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Weekly Export Details |
Exports of 1,436,900 MT--a marketing-year high--were up 11 percent from the previous week and 36 percent from the prior 4-week average. The destinations were primarily to Japan (415,300 MT), Mexico (371,000 MT, including 27,300 MT – late), China (347,900 MT), Canada (104,600 MT), and Colombia (61,400 MT). |
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Comments and Performance Indicators |
Export commitments are 10% behind year-ago, compared to 9% behind last week. USDA projects exports in 2021-22 at 2.425 billion bu., 11.9% below the previous marketing year. |
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Wheat |
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Actual Sales (in MT) |
2021-22: 676,700 |
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Expectations (in MT) |
2021-22: 200,000-600,000 |
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Weekly Sales Details |
Net sales of 676,700 metric tons (MT) for 2021/2022--a marketing-year high--were up 78 percent from the previous week and up noticeably from the prior 4-week average. Increases were primarily for the Philippines (111,100 MT), Nigeria (110,300 MT, including decreases of 46,000 MT), Japan (102,600 MT, including decreases of 400 MT), Mexico (80,100 MT, including decreases of 4,800 MT), and South Korea (78,000 MT, including decreases of 5,000 MT). Net sales of 60,000 MT for 2022/2023 were reported for Honduras (29,000 MT), Japan (21,000 MT), and unknown destinations (10,000 MT). |
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Weekly Export Details |
Exports of 360,900 MT were down 8 percent from the previous week, but up 21 percent from the prior 4-week average. The destinations were primarily to the Philippines (123,100 MT), Nigeria (50,300 MT), Mexico (44,400 MT), Jamaica (29,500 MT), and Japan (29,300 MT). |
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Comments and Performance Indicators |
Export commitments are running 21% behind year ago, versus 22% last week. USDA projects exports in 2021-22 at 825 million bu., down 16.8% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 1,025,500 |
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Expectations (in MT) |
2021-22: 500,000-1,300,000 |
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Weekly Sales Details |
Net sales of 1,025,500 MT for 2021/2022 were up 53 percent from the previous week and 77 percent from the prior 4-week average. Increases primarily for China (540,200 MT, including 132,000 MT switched from unknown destinations and decreases of 2,600 MT), Mexico (345,300 MT, including decreases of 67,200 MT), Spain (105,900 MT, including 97,000 MT switched from unknown destinations), the Netherlands (84,200 MT, including 80,000 MT switched from unknown destinations and decreases 1,800 MT), and Japan (79,000 MT, including 70,500 MT switched from unknown destinations and decreases of 100 MT), were offset by reductions primarily for unknown destinations (405,800 MT). Net sales of 202,800 MT for 2022/2023 were reported for China (198,000 MT) and Japan (4,800 MT). |
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Weekly Export Details |
Exports of 1,594,100 MT were down 12 percent from the previous week, but up 1 percent from the prior 4-week average. The destinations were primarily to China (844,400 MT, including 138,300 MT - late), Mexico (111,200 MT), Spain (105,900 MT), Japan (89,900 MT), and the Netherlands (84,200 MT). |
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Comments and Performance Indicators |
Export commitments are running at 24% behind year-ago, compared to 25% behind as last week. USDA projects exports in 2021-22 at 2.050 billion bu., down 9.5% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 330,100 |
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Expectations |
2021-22: 100,000-400,000 |
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Weekly Sales Details |
Net sales of 330,100 MT for 2021/2022 were up 5 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for Ecuador (70,900 MT), Vietnam (50,000 MT switched from Thailand), the Philippines (48,800 MT), Honduras (37,000 MT), and Guatemala (36,700 MT), were offset by reductions primarily for Thailand (53,000 MT) and Mexico (44,300 MT). Net sales reductions of 99,000 MT for 2022/2023 resulting in increases for Canada (600 MT) and Japan (400 MT), were more than offset by reductions for Spain (100,000 MT). |
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Weekly Export Details |
Exports of 327,100 MT were up 26 percent from the previous week and 51 percent from the prior 4-week average. The destinations were primarily to Ecuador (70,300 MT), the Philippines (51,700 MT), Denmark (48,700 MT), Thailand (47,000 MT), and Morocco (29,700 MT). |
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Comments and Performance Indicators |
Export commitments are steady with a year-ago, versus 3% behind last week. USDA projects exports in 2021-22 will climb 1.7% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 12,200 |
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Expectations |
2021-22: 0-35,000 |
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Weekly Sales Details |
Net sales of 12,200 MT for 2021/2022 were down 61 percent from the previous week, but up 22 percent from the prior 4-week average. Increases were primarily for Mexico (5,000 MT), Venezuela (3,000 MT), the Dominican Republic (2,000 MT), and Canada (1,700 MT). Total net sales reductions of 100 MT for 2022/2023 were for Canada. |
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Weekly Export Details |
Exports of 49,900 MT--a marketing-year high--were up 1 percent from the previous week and 72 percent from the prior 4-week average. The destinations were primarily to India (33,000 MT), Colombia (7,100 MT), the Dominican Republic (5,000 MT), Jamaica (3,500 MT), and Mexico (1,000 MT). |
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Comments and Performance Indicators |
Export commitments are running 16% behind a year-ago, steady with last week. USDA projects exports will fall 17.3% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 391,300 |
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Net sales of 391,300 RB for 2021/2022 were up 43 percent from the previous week and 55 percent from the prior 4-week average. Increases primarily for Vietnam (132,900 RB, including 600 RB switched from South Korea and 400 RB switched from Japan), India (62,400 RB, including decreases of 3,500 RB), China (58,200 RB, including 8,400 RB switched from unknown destinations and decreases of 2,200 RB), Bangladesh (39,400 RB), and Pakistan (37,300 RB), were offset by reductions for unknown destinations (8,400 RB). Net sales of 106,800 RB for 2022/2023 were primarily for Indonesia (33,900 RB), Pakistan (22,900 RB), Guatemala (14,000 RB), Turkey (13,600 RB), and Honduras (9,700 RB). |
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Weekly Export Details |
Exports of 197,900 RB were unchanged from the previous week, but up 25 percent from the prior 4-week average. The destinations were primarily to China (64,200 RB), Turkey (23,800 RB), Vietnam (23,300 RB), Pakistan (20,300 RB), and Mexico (15,700 RB). Net sales of Pima totaling 3,600 RB were down 5 percent from the previous week and 19 percent from the prior 4-week average. Increases were reported for India (1,700 RB), Vietnam (800 RB), China (800 RB), Japan (200 RB), and Mexico (100 RB). Exports of 4,300 RB were down 43 percent from the previous week and 44 percent from the prior 4-week average. The destinations were primarily to India (1,700 RB), Peru (1,300 RB), China (700 RB), and Egypt (400 RB). |
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Comments and Performance Indicators |
Export commitments are 7% behind year-ago, the same as last week. USDA forecasts total cotton exports will fall 8.4% from year-ago to 15.0 million bales in 2021-22. |
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Beef |
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Actual Sales (in MT) |
2022: 14,300 |
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Weekly Sales Details |
Net sales of 14,300 MT for 2022 were primarily for South Korea (6,200 MT, including decreases of 400 MT), Japan (3,900 MT, including decreases of 500 MT), Mexico (600 MT), China (600 MT, including decreases of 900 MT), and Indonesia (600 MT). |
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Weekly Export Details |
Exports of 14,300 MT were primarily to Japan (4,100 MT), South Korea (3,900 MT), China (1,900 MT), Taiwan (1,300 MT), and Mexico (900 MT). |
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Comments and Performance Indicators |
USDA projects 2022 exports will decline 5.4% from year-ago to a record level. |
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Pork |
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Actual Sales (in MT) |
2022: 49,100 |
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Weekly Sales Details |
Net sales of 49,100 MT for 2022, primarily for Mexico (17,300 MT, including decreases of 300 MT), China (16,900 MT, including decreases of 200 MT), Canada (3,000 MT, including decreases of 500 MT), Japan (2,700 MT, including decreases of 400 MT), and South Korea (2,600 MT, including decreases of 300 MT), were offset by reductions for Trinidad and Tobago (100 MT), Australia (100 MT), and Guatemala (100 MT). |
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Weekly Export Details |
Exports of 30,700 MT were primarily to Mexico (16,000 MT), Japan (3,600 MT), China (3,600 MT), South Korea (2,000 MT), and Canada (1,400 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 1.2% from last year. |
