Soybean, wheat export sales increase, corn drops
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USDA Weekly Export Sales Report Week Ended Feb. 3, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 589,100 |
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Expectations (in MT) |
2021-22: 500,000-900,000 |
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Weekly Sales Details |
Net sales of 589,100 MT for 2021/2022 were down 50 percent from the previous week and 43 percent from the prior 4-week average. Increases primarily for Mexico (370,600 MT, including decreases of 20,300 MT), Japan (347,500 MT, including 156,200 MT switched from unknown destinations and decreases of 2,500 MT), Colombia (135,000 MT, including 132,000 MT switched from unknown destinations and decreases of 6,500 MT), Canada (68,000 MT, including decreases of 1,800 MT), and the Dominican Republic (51,700 MT), were offset by reductions primarily for China (375,200 MT) and unknown destinations (144,500 MT). |
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Weekly Export Details |
Exports of 1,149,400 MT were down 2 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Japan (331,100 MT), China (208,800 MT), Canada (168,100 MT), Mexico (165,100 MT), and Colombia (149,700 MT). |
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Comments and Performance Indicators |
Export commitments are 21% behind year-ago, compared to 20% 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: 84,800 |
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Expectations (in MT) |
2021-22: 100,000-400,000 |
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Weekly Sales Details |
Net sales of 84,800 metric tons (MT) for 2021/2022 were up 48 percent from the previous week, but down 75 percent from the prior 4-week average. Increases primarily for the Philippines (34,600 MT, including decreases of 400 MT), Mexico (33,100 MT, including decreases of 11,400 MT), Panama (24,300 MT, including 25,700 MT switched from El Salvador and decreases of 1,700 MT), unknown destinations (11,400 MT), and Costa Rica (10,400 MT, including 10,100 MT switched from Guatemala), were offset by reductions primarily for Japan (23,500 MT), El Salvador (19,800 MT), and Guatemala (15,200 MT). Net sales of 48,400 MT for 2022/2023 reported for Japan (25,000 MT), Guatemala (14,400 MT), and Mexico (10,000 MT), were offset by reductions for unknown destinations (1,000 MT). |
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Weekly Export Details |
Exports of 380,900 MT were down 1 percent from the previous week, but up 9 percent from the prior 4-week average. The destinations were primarily to South Korea (97,600 MT), Japan (96,200 MT), Mexico (87,400 MT), Panama (25,300 MT), and Singapore (24,200 MT). |
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Comments and Performance Indicators |
Export commitments are running 24% behind a year ago, versus 23% last week. USDA projects exports in 2021-22 at 810 million bu., down 18.3% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 1,596,200 |
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Expectations (in MT) |
2021-22: 900,000-1,500,000 |
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Weekly Sales Details |
Net sales of 1,596,200 MT for 2021/2022 were up 46 percent from the previous week and 81 percent from the prior 4-week average. Increases primarily for unknown destinations (804,400 MT), China (298,100 MT, including 129,000 MT switched from unknown destinations and decreases of 5,700 MT), Mexico (211,100 MT, including decreases of 900 MT), Egypt (81,700 MT), and Saudi Arabia (69,000 MT, including 28,000 MT switched from unknown destinations), were offset by reductions primarily for the United Kingdom (60,000 MT). Net sales of 894,600 MT for 2022/2023 were primarily for unknown destinations (433,000 MT), China (316,000 MT), Algeria (84,000 MT), and the United Kingdom (60,000 MT). |
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Weekly Export Details |
Exports of 1,301,400 MT were down 2 percent from the previous week and 9 percent from the prior 4-week average. The destinations were primarily to China (726,600 MT), Japan (137,900 MT, including 51,700 MT – late), Mexico (110,100 MT), Egypt (93,700 MT), and Bangladesh (59,400 MT). |
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Comments and Performance Indicators |
Export commitments are running at 21% behind year-ago, compared to 23% 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: 241,400 |
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Expectations |
2021-22: 200,000-500,000 |
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Weekly Sales Details |
Net sales of 241,400 MT for 2021/2022 were down 60 percent from the previous week and 29 percent from the prior 4-week average. Increases primarily for Venezuela (50,000 MT), the Philippines (47,000 MT, including 45,000 MT switched from Slovenia), Ireland (40,000 MT), Saudi Arabia (30,000 MT), and Guatemala (27,100 MT, including decreases of 5,000 MT), were offset by reductions primarily for Slovenia (45,000 MT). Net sales reductions of 2,200 MT for 2022/2023 resulting in increases for Canada (1,700 MT), were more than offset by reductions for Spain (3,900 MT). |
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Weekly Export Details |
Exports of 278,500 MT were unchanged from the previous week, but up 4 percent from the prior 4-week average. The destinations were primarily to the Philippines (50,000 MT), Vietnam (48,700 MT), Mexico (33,700 MT), Ecuador (32,700 MT), and Colombia (30,100 MT). |
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Comments and Performance Indicators |
Export commitments are 3% ahead a year-ago, versus 4% ahead last week. USDA projects exports in 2021-22 will climb 4.6% from the previous marketing year. |
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Soyoil |
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Actual Sales (in MT) |
2021-22: 2,900 |
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Expectations |
2021-22: 5,000-25,000 |
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Weekly Sales Details |
Net sales of 2,900 MT for 2021/2022 were down 31 percent from the previous week and 74 percent from the prior 4-week average. Increases were reported for Venezuela (2,500 MT) and Canada (400 MT). Total net sales reductions of 200 MT for 2022/2023 were for Canada. |
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Weekly Export Details |
Exports of 11,900 MT were up noticeably from the previous week, but down 58 percent from the prior 4-week average. The destinations were primarily to Venezuela (3,500 MT), Colombia (3,500 MT), Guatemala (1,500 MT), Nicaragua (1,200 MT), and Honduras (1,000 MT).
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Comments and Performance Indicators |
Export commitments are running 16% behind a year-ago, compared to 17% 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: 185,200 |
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Net sales of 185,200 RB for 2021/2022 were down 44 percent from the previous week and 47 percent from the prior 4-week average. Increases primarily for China (100,800 RB, including decreases of 100 RB), Pakistan (20,600 RB), Vietnam (14,000 RB), Mexico (12,300 RB, including decreases of 600 RB), and Turkey (12,200 RB, including decreases of 9,200 RB), were offset by reductions for Colombia (1,500 RB). Net sales of 96,100 RB for 2022/2023 were primarily for Pakistan (43,100 RB), Mexico (28,300 RB), Indonesia (11,000 RB), the Philippines (7,000 RB), and Guatemala (4,100 RB). Exports of 299,700 RB were down 1 percent from the previous week, but up 38 percent from the prior 4-week average. The destinations were primarily to China (153,700 RB), Vietnam (33,900 RB), Mexico (23,800 RB), Pakistan (22,200 RB), and Turkey (21,000 RB). Net sales of Pima totaling 5,300 RB were down 34 percent from the previous week, but up 19 percent from the prior 4-week average. Increases primarily for China (3,600 RB, including decreases of 100 RB), Bangladesh (800 RB), Egypt (300 RB), Pakistan (200 RB), and Brazil (200 RB), were offset by reductions for Japan (100 RB). Net sales of 4,100 RB for 2022/2023 were reported for Italy (4,000 RB) and Thailand (100 RB). |
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Weekly Export Details |
Exports of 20,900 RB--a marketing-year high--were up 49 percent from the previous week and up noticeably from the prior 4-week average. The destinations were primarily to China (8,500 RB), India (8,400 RB), Pakistan (1,500 RB), Vietnam (1,100 RB), and Peru (600 RB). |
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Comments and Performance Indicators |
Export commitments are 7% behind year-ago, versus 6% behind last week. USDA forecasts total cotton exports will fall 9.9% from year-ago to 14.75 million bales in 2021-22. |
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Beef |
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Actual Sales (in MT) |
2022: 19,500 |
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Weekly Sales Details |
Net sales of 19,500 MT for 2022 were down 3 percent from the previous week and 63 percent from the prior 4-week average. Increases primarily for Japan (8,600 MT, including decreases of 300 MT), South Korea (7,300 MT, including decreases of 400 MT), Canada (1,000 MT, including decreases of 300 MT), Taiwan (900 MT, including decreases of 100 MT), and Mexico (800 MT), were offset by reductions for China (300 MT), Panama (100 MT), and Chile (100 MT). |
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Weekly Export Details |
Exports of 14,600 MT were down 14 percent from the previous week, but up 2 percent from the prior 4-week average. The destinations were primarily to South Korea (4,500 MT), Japan (3,500 MT), China (2,400 MT), Mexico (1,100 MT), and Taiwan (1,100 MT).
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Comments and Performance Indicators |
USDA projects 2022 exports will decline 5.1% from a year-ago. |
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Pork |
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Actual Sales (in MT) |
2022: 18,100 |
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Weekly Sales Details |
Net sales of 18,100 MT for 2022 were down 40 percent from the previous week and 71 percent from the prior 4-week average. Increases were primarily for Mexico (10,500 MT, including decreases of 900 MT), Japan (2,000 MT, including decreases of 300 MT), Canada (1,400 MT, including decreases of 500 MT), Colombia (1,200 MT), and South Korea (1,000 MT, including decreases of 300 MT). |
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Weekly Export Details |
Exports of 30,400 MT were down 6 percent from the previous week, but up 3 percent from the prior 4-week average. The destinations were primarily to Mexico (14,500 MT), Japan (4,600 MT), China (4,300 MT), South Korea (2,200 MT), and Canada (1,600 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 3.1% from last year. |
