Wheat export sales plunge
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USDA Weekly Export Sales Report Week Ended Jan. 27, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 1,175,200 |
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Expectations (in MT) |
2021-22: 600,000-1,300,000 |
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Weekly Sales Details |
Net sales of 1,175,200 MT for 2021/2022 were down 16 percent from the previous week, but up 47 percent from the prior 4-week average. Increases were primarily for Japan (475,300 MT, including 190,600 MT switched from unknown destinations and decreases of 129,800 MT), Mexico (210,100 MT, including decreases of 2,200 MT), Colombia (136,100 MT, including 50,000 MT switched from unknown destinations and decreases of 35,000 MT), Guatemala (120,700 MT, including decreases of 3,600 MT), and Canada (55,600 MT, including decreases of 400 MT). |
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Weekly Export Details |
Exports of 1,166,600 MT were down 19 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to Mexico (346,200 MT), Japan (246,800 MT), China (205,900 MT), Colombia (124,400 MT), and Canada (122,900 MT). |
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Comments and Performance Indicators |
Export commitments are 20% behind year-ago, compared to 10% 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: 57,500 |
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Expectations (in MT) |
2021-22: 200,000-675,000 |
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Weekly Sales Details |
Net sales of 57,500 metric tons (MT) for 2021/2022 were down 92 percent from the previous week and 83 percent from the prior 4-week average. Increases primarily for Colombia (52,800 MT, including 52,600 MT switched from unknown destinations), Nigeria (52,000 MT), Haiti (27,000 MT switched from unknown destinations), Nicaragua (21,000 MT), and the Dominican Republic (17,900 MT), were offset by reductions for unknown destinations (75,000 MT), the Philippines (46,900 MT), and Mexico (21,000 MT). Net sales of 103,500 MT for 2022/2023 were reported for the Philippines (50,000 MT), Mexico (38,500 MT), and unknown destinations (15,000 MT). |
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Weekly Export Details |
Exports of 383,600 MT were up 6 percent from the previous week and 26 percent from the prior 4-week average. The destinations were primarily to Japan (119,500 MT), Colombia (65,800 MT), Thailand (55,400 MT), Mexico (47,200 MT), and the Philippines (29,700 MT). |
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Comments and Performance Indicators |
Export commitments are running 23% behind year ago, versus 21% 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: 1,095,500 |
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Expectations (in MT) |
2021-22: 600,000-1,200,000 |
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Weekly Sales Details |
Net sales of 1,095,500 MT for 2021/2022 were up 7 percent from the previous week and 56 percent from the prior 4-week average. Increases primarily for Mexico (356,600 MT, including decreases of 44,500 MT), Egypt (135,000 MT), the Netherlands (132,000 MT, including 120,000 MT switched from unknown destinations), unknown destinations (90,600 MT), and Japan (88,000 MT, including 10,000 MT switched from unknown destinations and decreases of 2,400 MT), were offset by reductions for Singapore (66,000 MT) and China (28,600 MT). Net sales of 881,800 MT for 2022/2023 were reported for China (660,000 MT), unknown destinations (132,000 MT), Bangladesh (55,000 MT), Mexico (34,000 MT), and Canada (800 MT). |
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Weekly Export Details |
Exports of 1,328,900 MT were down 17 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to China (723,400 MT), the Netherlands (132,000 MT), Taiwan (91,300 MT), Indonesia (82,100 MT), and Mexico (79,000 MT). |
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Comments and Performance Indicators |
Export commitments are running at 23% behind year-ago, compared to 24% 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: 605,500 |
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Expectations |
2021-22: 100,000-450,000 |
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Weekly Sales Details |
Net sales of 605,500 MT for 2021/2022--a marketing-year high--were up 83 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for Colombia (174,400 MT, including decreases of 400 MT), the Philippines (138,700 MT), Ireland (80,400 MT, including 24,000 MT switched from unknown destinations), Guatemala (58,100 MT), and Mexico (36,300 MT, including decreases of 7,200 MT), were offset by reductions primarily for unknown destinations (39,700 MT). Net sales reductions of 1,300 MT for 2022/2023 were reported for Canada (700 MT) and Japan (600 MT). |
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Weekly Export Details |
Exports of 280,200 MT were down 14 percent from the previous week, but up 10 percent from the prior 4-week average. The destinations were primarily to the Philippines (115,100 MT), Mexico (50,000 MT), Ireland (27,800 MT), Colombia (16,500 MT), and Canada (16,300 MT).
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Comments and Performance Indicators |
Export commitments are 4% ahead a year-ago, versus steady 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: 4,100 |
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Expectations |
2021-22: 0-30,000 |
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Weekly Sales Details |
Net sales of 4,100 MT for 2021/2022 were down 66 percent from the previous week and 61 percent from the prior 4-week average. Increases reported for Canada (3,700 MT) and the Dominican Republic (400 MT), were offset by reductions for Colombia (100 MT). |
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Weekly Export Details |
Exports of 1,800 MT were down 96 percent from the previous week and 95 percent from the prior 4-week average. The destinations were to Mexico (1,200 MT) and Canada (600 MT). |
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Comments and Performance Indicators |
Export commitments are running 17% behind a year-ago, compared to 16% behind 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: 332,100 |
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Net sales of 332,100 RB for 2021/2022 were down 15 percent from the previous week, but up 10 percent from the prior 4-week average. Increases primarily for China (90,200 RB, including decreases of 9,100 RB), Vietnam (58,700 RB, including 400 RB switched from Japan and decreases of 700 RB), India (44,100 RB, including 5,200 RB switched from Turkey), Mexico (34,900 RB), and Pakistan (34,900 RB, including 2,800 RB switched from Turkey), were offset by reductions for Japan (700 RB). Net sales of 315,100 RB for 2022/2023, primarily for Bangladesh (105,600 RB), China (61,600 RB), Mexico (52,000 RB), Indonesia (37,000 RB), and Pakistan (24,200 RB), were offset by reductions for Honduras (1,100 RB) |
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Weekly Export Details |
Exports of 302,100 RB--a marketing-year high--were up 53 percent from the previous week and 81 percent from the prior 4-week average. The destinations were primarily to China (132,000 RB), Pakistan (44,000 RB), Vietnam (30,600 RB), Turkey (29,300 RB), and Mexico (15,600 RB). Net sales of Pima totaling 7,900 RB were up noticeably from the previous week and from the prior 4-week average. Increases primarily for China (2,500 RB), Vietnam (1,800 RB), India (1,700 RB), Greece (1,300 RB), and Turkey (600 RB), were offset by reductions for Italy (700 RB). Net sales of 3,200 RB for 2022/2023 were reported for Egypt (2,200 RB) and Italy (1,000 RB). Exports of 14,000 RB--a marketing-year high--were up noticeably from the previous week and up 98 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), Vietnam (3,300 RB), China (3,100 RB), Egypt (1,300 RB), and Pakistan (900 RB). |
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Comments and Performance Indicators |
Export commitments are 6% behind year-ago, versus 7% behind 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: 20,100 |
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Weekly Sales Details |
Net sales of 20,100 MT for 2022, primarily for Japan (11,800 MT, including decreases of 600 MT), South Korea (3,500 MT, including decreases of 800 MT), Taiwan (1,600 MT, including decreases of 100 MT), China (900 MT, including decreases of 200 MT), and Mexico (800 MT), were offset by reductions for Italy (100 MT) and Bahamas (100 MT). |
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Weekly Export Details |
Exports of 16,900 MT were primarily to South Korea (5,900 MT), Japan (4,700 MT), China (1,900 MT), Taiwan (1,200 MT), and Mexico (1,100 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: 30,400 |
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Weekly Sales Details |
Net sales of 30,400 MT for 2022, primarily for Mexico (20,700 MT, including decreases of 300 MT), Japan (6,000 MT, including decreases of 700 MT), Canada (1,500 MT, including decreases of 400 MT), Colombia (900 MT, including decreases of 100 MT), and Honduras (400 MT, including 100 MT switched from Guatemala), were offset by reductions for China (500 MT) |
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Weekly Export Details |
Exports of 32,400 MT were primarily to Mexico (16,000 MT), Japan (6,300 MT), China (3,100 MT), South Korea (2,600 MT), and Canada (1,800 MT) |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 1.2% from last year. |
