Corn, beef export sales set marketing-year high
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USDA Weekly Export Sales Report Week Ended March 3, 2022 |
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Corn |
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Actual Sales (in MT) |
2021-22: 2,143,700 |
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Expectations (in MT) |
2021-22: 500,000-1,200,000 |
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Weekly Sales Details |
Net sales of 2,143,700 MT for 2021/2022--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average. Increases primarily for unknown destinations (800,600 MT), Japan (398,400 MT, including 37,500 MT switched from unknown destinations and decreases of 21,000 MT), Mexico (290,200 MT, including decreases of 40,600 MT), Saudi Arabia (140,000 MT, including 140,000 MT switched from unknown destinations and decreases 2,600 MT), and Colombia (129,600 MT, including 50,000 MT switched from unknown destinations and decreases of 125,300 MT), were offset by reductions for El Salvador (22,500 MT) and Costa Rica (2,900 MT). Total net sales of 22,900 MT for 2022/2023 were for Mexico. |
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Weekly Export Details |
Exports of 1,763,300 MT were up 14 percent from the previous week and from the prior 4-week average. The destinations were primarily to China (555,100 MT), Mexico (371,700 MT), Colombia (258,400 MT), Japan (205,100 MT), and Saudi Arabia (140,000 MT). |
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Comments and Performance Indicators |
Export commitments are 16% behind year-ago, compared to 19% behind last week. USDA projects exports in 2021-22 at 2.500 billion bu., 9.2% below the previous marketing year. |
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Wheat |
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Actual Sales (in MT) |
2021-22: 307,200 |
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Expectations (in MT) |
2021-22: 200,000-400,000 |
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Weekly Sales Details |
Net sales of 307,200 metric tons (MT) for 2021/2022 were up 2 percent from the previous week and 21 percent from the prior 4-week average. Increases primarily for the Philippines (133,100 MT), Mexico (111,700 MT, including decreases of 26,300 MT), Japan (26,200 MT), Colombia (17,400 MT), and the Dominican Republic (13,100 MT, including decreases of 100 MT), were offset by reductions for El Salvador (1,400 MT), South Korea (1,000 MT), and Taiwan (100 MT). Net sales of 63,000 MT for 2022/2023 were reported for the Philippines (50,000 MT) and Mexico (13,000 MT). |
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Weekly Export Details |
Exports of 384,500 MT were up 5 percent from the previous week, but down 10 percent from the prior 4-week average. The destinations were primarily to Mexico (88,200 MT), Japan (66,600 MT), the Philippines (65,100 MT), Thailand (58,500 MT), and Guatemala (52,100 MT). |
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Comments and Performance Indicators |
Export commitments are running 23% behind a year-ago, the same as last week. USDA projects exports in 2021-22 at 800 million bu., down 19.4% from the previous marketing year. |
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Soybeans |
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Actual Sales (in MT) |
2021-22: 2,204,300 |
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Expectations (in MT) |
2021-22: 900,000-1,700,000 |
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Weekly Sales Details |
Net sales of 2,204,300 MT for 2021/2022 were up noticeably from the previous week and up 76 percent from the prior 4-week average. Increases were primarily for China (1,096,400 MT, including 66,000 MT switched from unknown destinations and decreases of 500 MT), unknown destinations (334,000 MT), Egypt (181,000 MT, including 55,000 MT switched from unknown destinations and decreases of 2,700 MT), Mexico (142,700 MT, including decreases of 80,000 MT), and Vietnam (114,700 MT, including decreases 100 MT). Net sales of 895,000 MT for 2022/2023 were reported for China (797,000 MT), unknown destinations (66,000 MT), and Mexico (32,000 MT). |
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Weekly Export Details |
Exports of 834,900 MT were up 11 percent from the previous week, but down 26 percent from the prior 4-week average. The destinations were primarily to China (304,600 MT), Egypt (173,000 MT), Mexico (75,800 MT), Indonesia (73,200 MT), and Japan (68,000 MT). |
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Comments and Performance Indicators |
Export commitments are running at 13% behind year-ago, compared to 16% behind last week. USDA projects exports in 2021-22 at 2.090 billion bu., down 7.6% from the previous marketing year. |
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Soymeal |
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Actual Sales (in MT) |
2021-22: 316,100 |
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Expectations |
2021-22: 75,000-350,000 |
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Weekly Sales Details |
Net sales of 316,100 MT for 2021/2022 were up noticeably from the previous week and up 49 percent from the prior 4-week average. Increases primarily for unknown destinations (47,500 MT), Vietnam (45,000 MT), the Philippines (44,600 MT, including decreases of 400 MT), Mexico (38,900 MT), and Colombia (37,800 MT, including 19,200 MT switched from unknown destinations and decreases of 300 MT), were offset by reductions primarily for Honduras (3,000 MT), Ecuador (2,900 MT), Belgium (600 MT), Costa Rica (200 MT), and Taiwan (100 MT). |
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Weekly Export Details |
Exports of 253,100 MT were up 77 percent from the previous week and 4 percent from the prior 4-week average. The destinations were primarily to Colombia (66,300 MT), the Dominican Republic (38,900 MT), Mexico (31,600 MT), Venezuela (30,000 MT), and Morocco (19,700 MT). |
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Comments and Performance Indicators |
Export commitments are 3% ahead of a year-ago, versus 2% 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: 16,600 |
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Expectations |
2021-22: 0-30,000 |
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Weekly Sales Details |
Net sales of 16,600 MT for 2021/2022 were up noticeably from the previous week, but down 17 percent from the prior 4-week average. Increases reported for India (18,000 MT switched from Bangladesh), South Korea (12,000 MT), Mexico (5,000 MT, including decreases of 200 MT), and Canada (200 MT), were offset by reductions for Bangladesh (18,000 MT), the Dominican Republic (500 MT), and Colombia (100 MT) |
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Weekly Export Details |
Exports of 16,500 MT were up 21 percent from the previous week, but down 24 percent from the prior 4-week average. The destinations were to Colombia (6,900 MT), Mexico (3,500 MT), Jamaica (3,500 MT), the Dominican Republic (2,200 MT), and Canada (400 MT).
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Comments and Performance Indicators |
Export commitments are running 4% behind a year-ago, compared to 5% behind last week. USDA projects exports will fall 5.7% this season. |
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Cotton |
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Actual Upland Sales (in RB) |
2021-22: 354,200 |
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Net sales of 354,200 RB for 2021/2022 were up 2 percent from the previous week and 51 percent from the prior 4-week average. Increases primarily for China (170,300 RB, including decreases of 800 RB), Turkey (70,500 RB, including decreases of 300 RB), Pakistan (49,600 RB), Vietnam (35,400 RB, including 1,100 RB switched from Japan), and Indonesia (7,100 RB, including 300 RB switched from Japan and decreases of 900 RB), were offset by reductions for India (4,000 RB) and Nicaragua (100 RB). Net sales of 68,200 RB for 2022/2023 were primarily for Turkey (28,600 RB), Pakistan (12,600 RB), China (8,800 RB), Mexico (8,200 RB), and Colombia (5,100 RB). |
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Weekly Export Details |
Exports of 321,300 RB were down 9 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to China (108,800 RB), Pakistan (61,800 RB), Turkey (30,400 RB), Vietnam (30,300 RB), and Mexico (26,100 RB). Net sales of Pima totaling 700 RB were down 91 percent from the previous week and 87 percent from the prior 4-week average. Increases were reported for Italy (500 RB), Indonesia (100 RB), and India (100 RB). Exports of 22,500 RB--a marketing-year high--were up noticeably from the previous week and up 65 percent from the prior 4-week average. The destinations were primarily to India (7,900 RB), China (3,700 RB), Vietnam (3,100 RB), Peru (2,100 RB), and Pakistan (1,700 RB). |
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Comments and Performance Indicators |
Export commitments are 4% behind year-ago, versus 5% behind last week. USDA forecasts total cotton exports will fall 9.9% from a year ago to 14.75 million bales in 2021-22. |
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Beef |
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Actual Sales (in MT) |
2022: 27,500 |
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Weekly Sales Details |
Net sales of 27,500 MT for 2022--a marketing-year high--were up 16 percent from the previous week and 36 percent from the prior 4-week average. Increases were primarily for China (10,400 MT, including decreases of 100 MT), Japan (6,400 MT, including decreases of 300 MT), South Korea (3,700 MT, including decreases of 500 MT), Canada (1,300 MT), and Taiwan (1,100 MT, including decreases of 100 MT). |
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Weekly Export Details |
Exports of 15,900 MT were down 10 percent from the previous week and 1 percent from the prior 4-week average. The destinations were primarily to South Korea (4,500 MT), Japan (4,100 MT), China (2,600 MT), Taiwan (1,500 MT), and Mexico (1,000 MT).
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Comments and Performance Indicators |
USDA projects 2022 exports will decline 4.3% from a year ago. |
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Pork |
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Actual Sales (in MT) |
2022: 25,400 |
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Weekly Sales Details |
Net sales of 25,400 MT for 2022 were down 40 percent from the previous week and 4 percent from the prior 4-week average. Increases primarily for Mexico (12,800 MT, including decreases of 200 MT), China (3,600 MT, including decreases of 300 MT), South Korea (2,100 MT, including decreases of 100 MT), Japan (2,000 MT, including decreases of 500 MT), and Honduras (1,200 MT), were offset by reductions for Chile (100 MT). |
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Weekly Export Details |
Exports of 28,500 MT were down 5 percent from the previous week and 6 percent from the prior 4-week average. The destinations were primarily to Mexico (11,900 MT), Japan (5,200 MT), China (3,600 MT), South Korea (2,600 MT), and Canada (1,500 MT). |
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Comments and Performance Indicators |
USDA projects exports in 2022 will drop 4.3% from last year. |
